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Those who have not yet filed an Income Tax Return and feel that for some reason they cannot file their returns by July 31, then they should not be worried. Returns can be deposited without any penalties even after July 31. If the taxpayer submits a tax like this, they will have to pay interest on it. Under the composition scheme, you will now be able to submit your returns till August 16.If the taxpayer submits his return before July 31, then he can make any modification to that return for one year, and if he submits his return after July 31, then there is no modification or revision in it. The taxpayer can submit the return even after 31 July. In such a case the taxpayer will not be able to modify or revise it.
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