As we know that the time of e-filing ITR is running so every taxpayer must remember income tax return filing due dates to avoid penalties under the Income Tax Act, of 1961. In this post, you can check out all due dates compulsory for FY 2023-24 (AY 2024-25).
The practising CA, CS and tax professionals can also view advance tax and revised and updated ITR due dates. The CBDT department has started ITR filing from 1st April for AY 2024-25.
What is the Income Tax?
Two types of tax levy on entities are direct tax and indirect tax. Income tax is a direct tax that is directly attributable to the income of the assessee. Income which is generated from the various heads of income viz.Salary, House Property, Business, Capital Gain and Income from other sources. The assessee has to pay income tax if his total Income after allowing Chapter VI-A Deduction is more than the taxable income limit.
Due Dates of ITR for Different Categories of Taxpayers for FY 2023-24 (AY 2024-25)
| Category of Taxpayer | Due Date (Original Return) |
|---|---|
| Company (whether tax audit applicable or not applicable) | 15/11/2024 (Revised) |
| Other than a company to whom the tax audit is applicable | 15/11/2024 (Revised) |
| Partner of the firm to whom tax audit is applicable | 15/11/2024 (Revised) |
| Audit Returns are required for assessees under Section 92E | 30/11/2024 | 15/12/2024 (Revised) |
| Assessees who are not required to get his Accounts Audit | 31/07/2024 |
| Revised Return/ Belated Return | 31/12/2024 |
| Updated Return (ITR-U) | 31/03/2026 |
Filing Income Tax Return Due Dates for FY 2023-24 (AY 2024-25)
There is a different category of taxpayer viz. Individual, HUF, Firm, LLP, Company, Trust and AOP/BOI. Due Date is different according to audit or non-audit cases of such categories as defined in section 139(1)
Free Download Gen IT Software for e-Filing Returns
Due Date of Income Tax Return Filing for AY 2024-25 (Non-Audit Cases)
- The common due date for filing the Income Tax Return by Assesse whose Books of Account are not required to be audited was 31st July 2024.
Filing Income Tax Return Due Date for AY 2024-25 (Audit Cases)
- The general due date for filing the Income Tax Return for the audit cases is 31st October 2024. Note: The government has revised it till 15th November 2024 via circular No.13 /2024.
Due Dates for Tax Audit Report (3CA-3CD/3CB-3CD)
- The due date for filing the Tax Audit Report for all categories of assessees whose accounts are required to be audited is the date one month before the due date for furnishing the return of income under sub-section (1) of section 139.
- The CBDT has extended the income tax audit report submission date to 7th October 2024 from September 30, 2024. Read Circular
Revised & Belated ITR Due Dates for AY 2024-25
- The due date for filing a revised and belated income tax return for AY 2024-25 is before three months before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier i.e. 31st Dec 2024.
File Tax Returns for A.Y. 2024-25 before 31st December with INR 5,000 Penalty
The income tax department notified the taxpayers of the late filing of tax returns for A.Y. 2024-25, along with a penalty of INR 5000 However, if the taxpayer’s total income does not exceed Rs 5 lakh, then the maximum penalty levied for delay will not exceed Rs 1000.
Due Date of Income Tax Return Filing for AY 2024-25
(Assessee who are required to furnish report under sec 92E)
- The due date for filing the Income Tax Return by Assessee who is required to furnish a report under sec 92E is 30th November 2024. Note: The CBDT has revised the due date for filing income tax returns to furnish a report under Section 92E to December 15, 2024. Read Circular
- The due date for furnishing a Report from an Accountant by persons entering into an international transaction or specified domestic transaction under section 92E of the Act for the Previous Year 2023-24, is at least one month before the due date of filing of return u/s 139(1)
What Would Happen If You Have Missed the ITR Filing Deadline?
Missing the deadline for filing Income Tax Returns (ITR) for the FY 2023-24 and AY 2024-25 can have some harmful effects. Take a look at what happens if you miss the ITR deadline:
- Potential for Scrutiny: Recognize, that if you file your taxes later, it might grab the attention of the I-T department and expand the possibilities of them bringing a close look at your income tax return. This could suggest they request more records and it might take longer for you to get your tax refund on time.
- Interest on Unpaid Tax: If you are filing of ITR later and pay taxes, you have to pay additional money in interest on the amount which you own from the deadline until you have to pay it.
- Loss of Carry Forward Benefits: Sometimes, you might be able to utilise any financial failures or tax deductions from previous years to reduce the tax amount you own in the future. But if you have missed the ITR filing deadline, you might not be able to take any benefit.
It is essential to submit your ITR before the due date to avoid difficulties. Filing tax returns on time allows you to make the process much easier, stops you from facing penalties and extra costs, and provides you with all the tax benefits you are ready for.
Advance Income Taxes Filing Due Dates FY 2024-25
If the tax liability is more than Rs 10,000 in a financial year then advance tax needs to be paid by the assessee.
| Due Date | Compliance Nature | Tax Paid |
|---|---|---|
| 15th June 2024 | First Instalment | 15% |
| 15th September 2024 | Second Instalment | 45% |
| 15th December 2024 | Third Instalment | 75% |
| 15th March 2025 | Fourth Instalment | 100% |
The assessee who is covered under sections 44AD and 44ADA (i.e. Presumptive Income) is also required to pay the advance tax on or before the 15th of March of the previous year. However, any tax paid till 31st March will be treated as Advance Tax
Most Important FAQs on the ITR filing Deadline for AY 2024-25
Q.1 – What is the last date for filing an income tax return (ITR) for non-audit cases?
The due date for filing income tax returns for AY 2024-25 (FY 2023-24) was 31st July 2024
Q.2 – Could I E-file My Return after the due date?
Yes, you can file your late income tax return (ITR) within the 31st of December of that assessment year (AY) after paying extra fees and interest.
Q.3 – What is the due date to E-file income tax return (ITR) for Cos?
The deadline for filing the ITR of domestic companies for the financial year (FY) 2023-24 is November 15th, 2024 (revised). For all companies, it is essential to e-file their Income Tax Returns (ITR) by a specific date every year.
Q.4 – Is It Possible to File a Revised ITR?
Yes, you can make the particular modification in your ITR after submitting it. It would be best if you changed it on or before 31st of December.
Q.5 – What happens if a person files their ITR after the due date?
If you have missed the particular deadline for filing your income tax return, then you have to pay some additional fees as per section 234F of the Income Tax Act.
Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."
dear Sir,
I missed my ITR to file within due date that is 31.12.2023 for financial year 2022-23 now how can i file my returns for the same Ass.yr-2023-24 kindly guide me.
You can file late return for FY 2022-23 by filling ITR(U) updated return or fille return u/s 119(2)(b)
I am a partner of a Firm which is subject to Tax Audit. What would be the due date to furnish my ITR as Individual being a partner of a firm which is subjected to Tax Audit?
Regards,
Latha
The due date of the partnership Firm will be considered as your due date of filing of return as an Individual.
I have filed TAX Audit for 2021-2022 AY, but this assessment year 2022-2023 I have only salaried Income. But I am getting an SMS and Mail from IT dept every day to ask my CA to do Tax Audit before 30 Sept.
Is this general alert, which I can ignore or do I need to file this year also, even though I only have Salaried Income.
whether a private limited company can file income tax return without approval of its financial statements by board of directors. If so in what circumstances.
best web site good site i have seen today
Hello,
I missed the 31st May 2021 deadline for filing revised ITR for FY 2019-2020 due to illness in the family. I have some additional taxes also to pay from my interest income which was missed in the original return. What should I do now?
Dear Sir
Please update cash details submission of Ay-2020-21
I have invested in a property that gives assured returns. The company gave an assured return amount after deducting TDS. But now my income tax return is not showing the TDS amount. I am not sure whether the company has deposited the same or not. They are not even taking my calls. Kindly suggest what should I do.
Please Check your 26AS related financial year
Check in AIS
Dear sir,
Q1 & Q2 TCS is NIL, for Q3 Online TCS Payment,
On 30/1/2021, At the time Of Online TCS Payment, we took A.Y.-20-21 instead of A.Y.-21-22
what we do now??
Please contact to TDS Portal
You can change the FY through the Traces portal by selecting the “Request for oltas challan correction” in statement/payments.
Please let us know the consequences of non-filing of Form 10B within the due date
I am a Govt Employee and have shifted my department after tendering a technical resignation.
* My pay could not be protected during the FY 2019-20
* I got 59335 as my Total emoluments during the FY.
* I paid Home Loan Intt of approx 1 lakh
*I also paid premiums for insurance policies.
*Now I am to get Pay Arrears in 2021 Jan or so
*Whether I should file ITR 1 with all details or ITR2 Kindly suggest as I shall be filing the revised return and get my salary arrear adjusted.
A prompt reply is appreciated.
Thanks and regards.
To which department we need to reach out to know our refund status?
Income tax ward where your ITR is filed.
Income Tax Extended Date of 30/11/2020 for AY 2019-20 should be 31/03/2020 as earlier law.
The last Date for filing Belated Return of AY 2019-20 is 30th November 2020
Though my returns been e verified successfully on the 6th of July 2020 I am still to get my refund back. can you please give me some advice?
Sir in Case of Concern Registered U/s 12A and 80 G, What is the due date of Audit and ITR Fillings whether it would be 30 September every or vary depending on time to time extend due to respective Assessment Years please reply
FOR AY 2020-21 DUE DATE FOR FILING ITR FOR NON AUDIT CASES ARE 31 DEC 2020 AND FOR AUDIT CASES ARE 31 JAN 2021
Please share any notification or ref. released by CBDT.
Read Here – https://www.incometaxindia.gov.in/communications/notification/notification_88_2020.pdf
I am a salaried employee and I had submitted my ITR for AY 2020-21 on 21st September 2020. I had e-verified the same day. The status is still showing as E-verified, by when can I expect my refund to be credited to my account?
It depends upon the department regarding the processing of return. Please contact to the department regarding this matter.
This year I filed ITR 1 in the month of July 2020, but still, the ITR is not processed. Can anyone tell me how much time does it takes for processing the same? as in earlier years, it hardly took 30-45 days.
Please contact to the department
Sir, When I filled ITR 1 but error show (Invalid content was found starting with element ‘ExemptincAgrioth Us10’
Sir, What is the last date of the income tax return? NIL tax payer for student and housewife.
I’m trying to file ITR 2 for AY 2020-21 as of 13th Oct 2020 (today). However, the ITR 2 form is showing a penalty for late filing even though the due date is 30th Nov 2020. Could you please help me understand why this could be happening?
Thank you in advance.
Melin
when I was trying to file ITR for the AY 19-20 in the portal it is reflecting as the due date is over but the due date is Sept 30, can I know why this is happening?
Please File your return under section 139(4).
I HAVE MISSED TO FILE AUDITED INCOME TAX RETURN WITH AUDIT REPORT FOR F. Y. 2018 19 WHAT SHOULD I DO TO FILE IT
You can revise it till 30th September 2020
Is Schedule AL-1 is compulsory for all companies whether tax audit is applicable or not?
Yes, Schedule AL-1 is compulsory for all companies
I have missed to file a return for last FY 18-19 – can I file it now though there are no taxes due as I am a salaried employee with only one source of income.
If yes am I still liable to pay 10000
You can file your ITR for AY 19-20 up to 30 Sep 2020
Last date Kiya h balance sheet income tax file krne ki
30th November 2020 for AY 2020-21
Upto 30th November you can file.
Hi,
how can we pay additional salary or payments corresponding to the Financial Year ending on March 30, 2019, to the Directors after March 30 and before the ITR Closure of the FY 2019?
The above is needed so as to take out more funds from the company which can be shown as the cost of the company
Currently, as Director I have taken a certain amount until March 30, 2019, for which I have received Form 16 showing the TDS payments done till March 30.
Now if I take out additional amount “Y” as Salary in the month of August from the company and I would like to show it as my earnings for FY 2019, so total earnings will be :
X (for which TDS has been paid and Form 16 received)
Y – Additional fund to be taken out in August – How can we manage it from the TDS point of view. I am ok to pay the TDS penalty if needed. But then will I need a modification in Form 16 again
Best Regards
Rajat
With regard to the latest amendments in section 12A for Ayr 20-21, which is the due date for filing of Form 10B?
31st OCT 2020
Sir,
I have to file self-assessment return for AY 2020-21 with share investment capital loss. Can I file the loss return before November 2020 and carry forward the loss?
Yes, for AY 20-21 you can file your ITR on or before 30 Nov 2020
If IT returns are not claimed already, will investments made in July 2020 be considered for tax exemption for FY 19-20 now?
The payments of f.y 19-20 are paid in july 20 can be taken for tax exemptions
please tell me,
what are the documents to be given to CA for doing GST and INCOME TAX audit for the fy 2019-20
The documents which shall be required is details of the transactions entered during the financial year along with the supporting documents, GST Returns filed and copies of last year audited financials, if any.
Sir Due date of filing of TDS return for F.y. 2020-2021 1st Qtr. is 31-07-2020. Is this date extended to 31-03-2021 if yes kindly Provide Notification/Circular
Here is the notification – https://blog.saginfotech.com/wp-content/uploads/2020/07/notification_35_2020-1.pdf
I have filed my ITR on July 7th, 2020 assessment year 2020-2021. When till we can get my refund
It depends upon the processing of Income-tax return by the department
In which I have to file ITR as my income is below the exemption limit.
Type of ITR depends upon your nature of income. Please specify your nature of Income.
I need form 16 now for a loan but the govt office says that the form will be generated in July. How I manage form 16?
The last date to file the TDS return has been extended to 30th June 2020 for 4th quarter. You will get form 16 after TDS return has been filed by your employer.
The other alternative will be to get a certificate from Chartered Accountant certifying your salary for the Financial Year……..This will be accepted by the banks as an alternative to Form 16
You can also show 26 AS to the bank, that can also work as a provision Certificate. Final form 16 can be submitted later.
Hello. I am a senior citizen aged 62. My self-assessment tax works out to more than Rs 1 lakh as of now(1 Jul). Itr2 does not work out any interest. Do we have to calculate the interest and pay? Thanks in advance for your guidance.
I AM UMAID SINGH BHANDARI I AM EX BANKER RETIRED MANAGER AGED 73 YEARS AND NOT HAVING ANY BUSINESS INCOME
I HAVE SOLD MY OWN HOUSE PROPERTY AND TAX IS TO BE DEPOSITED WHEN THE RETURN IS FILLED ON OR BEFORE 30TH NOVEMBER 2020
KINDLY LET ME KNOW WHEN THE TAX CAN BE DEPOSITED ALONG WITH RETURN FILED OR BEFORE THE TAX LIABILITY IS ABOVE 1.00 LAKH.
PREVIOUSLY THE TAX was DEPOSITED WHEN THE RETURN IS FILLED IN JULY.
NOW WHEN THE TAX IS TO BE DEPOSITED AGAINST THE SALE OF MY OWN PROPERTY WHICH IS ABOVE 1.00 LAKH
KINDLY CLARIFY.
THE NOTIFICATION IS NOT CLEAR FOR THE SENIOR CITIZEN AND NOT HAVING ANY BUSINESS INCOME.
In the case of a senior citizen also if the tax liability is less then rs 1,00,000 then you can deposit the tax by 30th Nov without 234A interest liability. In case liability is more than Rs 1,00,000 then 234 A interest will be applicable from 31st July.
Hello, pls anyone of u gives reply….if is there any possibility to extend the date of IT return for the F.Y: 2018-19
It has been extended for J & K and Ladakh assessees up to 30th Nov 2019.
Last Date 31st March 2020 with late fee+Interest of Payble Income Tax of A.Y 2019-20
I could not file my return AY 2019-20. It comes error for the due date is over. I think the due date is extended up to July 31 2020. please guide me
You can file your income tax return u/s 139(4)/139(5) for AY 19-20 up to 31st July
For firms (audit purpose) …. is there any extension period to file the income tax return for the F.Y: 2018-19?
You can apply for condonation of delay.
Dear all,
I am working as an account in a construction company, as we have to deduct TDS for labours. I need clarification about TDS payment that after completing all work, shall we pay the amount.
Please kindly confirm the status
Thanking you,
subramanian.Al
Chennai
Sir, I got my Pvt Ltd Company registered on 25th May 2018 and Company Account opened in Aug 2018 with a deposit of Rs. 1 Lakh, Now business is running very slow. Only two transactions are there in the account of Rs. 5k and 8k. Please clarify whether should my account required an audit and when I have to file the ITR as the business is in the loss. Thanks.
As all the companies need to conduct an audit as per Companies Act, you have to also file form 3ca according to the income tax act.
Sir pls confirm what is the due date of tds return filling f. Y. 2019-20 .
30th November 2020
T d s last date
Trust not registered U/s12AA of the Act, what will be the due date for filing return of income of AY18-19?
If trust is covered under audit, then the due date is 15/10/2018 otherwise 31/07/2018.
My trust has 12A and 80G applicable for Tax Audit and last date
Due date is 15.10.2018
Practising since 1984 and now getting some trusts/societies which were registered long back and not they are coming for 12AA Registration, it seems while going for 12AA, have to file 3 years Returns, at present we can file only one year Return. please clarify and give possibilities to get 12AA Registration
Dear Sir, Last date of the audit and return filling of the year 2017-18
15th October 2018
IS EXTEND LAST DATE OF FILING OF RETURN FOR IN CASE AUDITED PROPRIETARY AND PARTNERSHIP FIRMS
Extended to 15th Oct 2018
What is the last date of audit case for the Assessment year 2018-19
Due date of audits for the AY 2018-19 is 30th Sep 2018.
SIR PARTNERSHIP FIRM (company)
FINANCIAL YEAR 2017-18
LOST DATE OF FILING RETURN
ANY CHANCE ARE THERE EXTEND
No such notification regarding extension has been issued as of now.
NIL KA RETURN HAM KAB TAK FILE KAR SAKTE HAI
For individuals/HUF/Firm (other than audit assesses), the due date is 31st August. In Kerala, the due date is 15th September 2018.
What is the due date for non-working partners return firm under audit?
As the partner is non-working, the due date will be 31/08/2018.
I am the director f private limited company. my Pvt ltd company is under tax audit and company audit both. what is the due date of my Income tax Return filing as a Director of Auditable Company?
31st August
Hello sir,
I am iyyanar, Partnership firm. What is the due date of filing our Income tax return for a.y: 2018-19?
Hi sir
I am the partner of Partnership firm. What is the due date of filing my Income tax return for a.y: 2018-19?
If partnership firm is unaudited then due date will be 31/07/2018 otherwise 30/09/2018.
Any hope for extension
No such update yet.
SIR
HOW TO FILL ITR AFTER DUE DATE (2017-18), PLEASE SUGGEST ME.
As the due date for AY 2017-18 is over now, you cannot file ITR for the concerned period.
sir mere koi job nhi h aur mujhe income sirf FD aur saving bank a/c se hote h jo ki sirf 120000 h aur bank n mere FD per 4000 TDS kata tha to maine assesment year 2017-18 m ek sir se itr bharwaya tha unhone itr 4 form bhara tha aur 1000 rs payment li thi. Sir. mai is saal assesment year 2018-19 ka return khud bharna chahta hu aur ITR 1 k thru sirf salary for other sources k thru aur mere koi job nhi h to kya m bhar sakta hu ITR 1 ya mujhe unhe k pass jana hoga.
If you fill ITR on your own by giving all the details then you can do it otherwise take consultancy
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I need to pay tax on short-term capital gains (around Rs. 3000) for FY 2017-18. What is due date (31st March)? Is there any interest for late payment, how much? If possible please quote the relevant Section of Income Tax Act; because I have searched on IT website could not find this information.
You need to check your advance tax liability as per section 208 based on your total income. If advance tax provisions are not applicable in your case, no interest will be levied if payment made till the due date of ITR i.e. 31.07.2018.
SIR CAN I FILE LAST YEAR’S HENCE ASSESSMENT YEAR 2017-18(PERIOD 01/04/2016 TO 31/03/2017) ITR NOW. AND IF YES PL EXPLAIN UNDER WHICH SECTION IT COULD BE FILLED.
As the due date for AY 2017-18 is over, you did not file the return for the concerned FY.
IF THERE IS REFUND, THEN YOU CAN FILE YOUR ITR WITH APPLICATION AS PER CIRCULAR 9/2015 DT 9/06/2015 WITH PRINCIPAL CIT.
Sir,
My trading turnover is 1.5 cr (losses 3.5 lakh)but my total income(salary) is less than 2.5 lakh for the year 17-18 I don’t have any other incomes but have Personal loans and credit card outstanding, Do I need an audit? if require before when I shall submit my returns. I am totally confused.
Thanks
raju
As t/o is more than 1 cr. , so tax audit is mandatory, no matter there is profit or loss. Due date for filing return for entities covered under audit is 30/09/2018.
Sir,
I have started a shop in the month of July-2017. When do I have to file my first IT returns.
I am a government servant, one of my instalment of Rs.13,340/- has been deducted from my monthly salary, one similar instalment is yet to pay which I told that, I will pay it by cash. When do I pay and what is the due date to pay?
Liability to deduct tax lies with the person who pays the amount of income.
Before 31st july
You can file the return on or before 31/07/2018
Sir,
by mistake, I filed my ITR for AY 2016-17 instead of actually filing for AY 2017-18, kindly advice me on how to rectify this issue.
If you have wrongly filed ITR for AY 2016-17 and you have given wrong figures then you can file revised return for AY 2016-17. Then you can file separate ITR for AY 2017-18.
Sir,
I know the last date for filing tax audit report was 7 Nov 2017 for AY 2017-18. But Can I file late tax audit report now in March 2018 for AY 2017-18 with the penalty?
If yes- how much penalty I have to pay and is it possible u/s 139(4)
The penalty for late furnishing of the audit report is .5% of turnover subject to the maximum of Rs.150000. you may file return U/s 234A, B and C as applicable.
HI Saurabh,
I lost my job 2 years back and until then my taxes were paid by my company and I had filed returns for them without fail. BUt From last 2 years as I have no job and income, I did not pay any tax, but now I am getting emails and msgs from IT department saying that I need to file returns for the last years. Is it compulsory to file returns as I did not pay any tax from last 2 years bcoz of no income and also earlier my company used to pay tax on behalf of me. What must I do now?
As per provision of sec.139 of IT act, individuals require to file the return if their total income exceeds basic exemption limit. So, in this case, you need to contact the department.
Thanks a lot for your reply..U said that individuals require to file a return if their income exceeds basic exemption limit where I don’t have any income now. But nominal transactions are happening and they did not exceed 2.5 Lakh. So what must I do? Is it still compulsory to file a return though it did not exceed the limit? I am in dilemma. I shall be very grateful if u can clear this one thing. Thanks a lot.
As your income doesn’t exceed the limit , so you not need to file the return.
Thanks a lot for ur advice and valuable time spent to reply me. Thank u.
One final query…U said no need to file returns if my income is within the given limit. But I am getting emails and msgs to file returns though I did not pay taxes from last 2 years as I have no job, then will I be served notices later by IT department if I don’t file returns. Thanks.
As we said that you are not eligible but you are receiving notices so in this case, you need to contact the department.
Ok …I contacted the department and they said no need to file returns and those emails and msgs are sent for awareness. Thanks a lot for ur replies.
Sir, last date to file individual 44ab
For A.Y. 2017-18, the due date for submitting 3cb-3cd was 07/11/2017.
Sir AY-2017-18 return filing due date extend?
07th Nov 2017 was the last date for audit cases.
Dear sir any postpone the date of income tax filing.
Income tax due date for company assesses and assesses covered under audit has been extended to 7th nov 2017.
I’ve got For AY 2016-17, the end date to file ITR u/s 139(1) is over. Could you just tell the procedure for “Now return u/s 139(4) can be filed”? Thanks in Advance.
You can file the return for AY 2016-17 upto 31 march 2018 under section 139(4).
Is there is any possibility of extending the due date apart from 31st October 2017 for filing the tax audit report for the financial year 2016-17
No update from the department till now regarding extending the due date.
can ITR-1 e-filling can be done now for fy 2016-17, ay 2017-18. Is there any last date as such? Kindly guide me.
The due date for filing ITR’s was 5th Aug 2017 for A.Y. 2017-18. Now you can file a belated return u/s 139(4).
I have filed my return on June 20th, 2017, still, it was showing under process only, waiting for the refund. Could you please let me know any idea when I will receive my Refund amount?
Contact department for assistance.
Is there any chance of further extension of the tax audit due date. at least nov 2017?
No notification till now as such.
Is there any possibility of further extension of the tax audit due date?
No such notification is issued by department yet.
I forgot to file the IT for the financial year 2016-17. Is there any way to file it now? Please advise if there’s any.
yes, you can file the return for F.Y. 2016-17 u/s 139(4).
I have incorporated Pvt. Ltd. Co. in February 2017. The co. did not conduct any operations in Feb, March 2017, two months after incorporation of the pvt. Ltd. Co. Do I have to file ITR, audit and ROC for FY 2016-2017?
I also read at Bankbazaar.com/Tax/section-139-late-filing-it-return.html as given below:
Quote
“If a co. was not operational during the FY, will it still be required to file IT returns?
Ans. – A firm or a company that did not conduct any business or operations during the course of the relevant FY has an option to decide whether it should file its ITR or not”
Unquote
Can this be interpreted that I need not file ITR, Audit and ROC for FY 2016-17 by Sept. 30, 2017? Would it mean, I have to file ITR return, audit and ROC for 2+12 months by sept. 30, 2018?
As per Sec 2(41) of Companies act, 2013, “financial year”, in relation to any company or body corporate, where it has been incorporated on or after the 1st day of January of a year, the period ending on the 31st day of March of the following year, in respect whereof financial statement of the company or body corporate is made up. i.e. as per companies act you can go for audit and ROC filing in next year of incorporation for the full period after incorporation.
But there is no such relaxation under Income Tax Act, as per sec 139, every company need to file ITR. So better to go for ITR and ROC filing in same year of incorporation. For more clarification, you can consult to a practising CA.
Thanks for your reply and clarification. That means I need to file ITR by 30 sept. 2017. However I can file ROC and audit report in Sept. 2018 for 14 months. Trust my understanding is correct.
Sir,
Just for understanding, what is considered as company being operational, is it when it starts generating revenue or when any transaction for the co. (say only expenditure for the company).
Also, assuming that I need to file ITR, though co. was not operational (as it did not generate revenue) and I do not file by sept 30, 2017 but file say by sept. 30, 2018 alongwith ROC and audit, what will be the penalty for filing late ITR?
Will be grateful for your explanation.
As such under act, it is not clarified that which company needs to be considered operational or which one not. In act, it is mentioned that every company registered during FY needs to file ITR. Non-filing of return on time will attract interest on tax u/s 234(A), 234(B), 234(C) and a penalty upto Rs.5000 u/s 271F.
I had incorporated Pvt. Ltd. Co. in Feb. 2017. In the month of Feb and March there are only expenses. Do I need to file ITR, ROC as well as statutory audit? If yes what will be last date for each of these?
Mai apna income tax return from date 01.04.2017 se 31.03.2018 tak ka return nahi bhar paya, plz help me and tell me ye kab tak jama kar sakte hai or last date kya hai taki Mai Bina interest ka tax jama kar saku.plz last date bataye.
Advance tax is payable if the tax liability after TDS is more than Rs. 10000/-. Last date to pay advance tax was 15th March 2018. After that, interest would be applicable.
I have paid the TAX for wrong ASSESSMENT year how should I refund it. I filed the return already in AY 2016-17 but I wrongly filled and paid additional tax for assessment AY 2016-17. How should i refund the amount. Please suggest.
Your excess tax deposited will be reflected in Form 26AS for the AY 2016-17. You can claim refund by filing the rectification return since your return should have been already processed at CPC.
I am unable to submit IT-Returns today i.e., 1st Aug 2017 and getting the below message. Please help.
For AY 2016-17, the end date to file ITR u/s 139(1) is over
for AY 2016-17, last date to file ITR u/s 139(1) is july 2016. now ITR u/s 139(4) can be filed.
You are filing in the wrong Assessment Year… for FINANCIAL YR 2016-17, the Assessment Year is 2017-18
Dear friends, its really a very good place to attain knowledge as CA Saurabh himself updates this blog. Moreover I want to inform you about the latest update i.e. Due date for filing income tax return for the AY 2017-18 is now extended to 5 th of August by Income Tax Dept. This step is taken in view of the difficulties faced by the tax payers.
My wife has few FDs in bank. Interest from FD is being only source of income to her. interest of 1,20,000 is deposited for her in fy 2017-18. my question is that is she exempted from tax up to a limit of 2.5L. In such case where her only income is interest and income is within 2.5 L. she does not fall under tax limit. isn’t it? do i have to file her return.if i don’t file her return…is it anything wrong?????
if TDS is deducted on any income and you want to claim an income tax refund then it is mandatory to file income tax return regardless of the quantum of income.
hello, i have a query.i am a housewife and my income does not exceed above Rs 250000/- for ay 2017-18.is it compulsory for me to file return.i have couple of FD’s also but the fd interest does not exceed rs 250000/- please let me know.regards
If tds is deducted on any income and you want to claim an income tax refund then it is mandatory to file income tax return.
Hi,
I have some FD interest income for FY 2016-17.
As part of TDS, 10% of income tax has been already deducted by respective bank which is present in 26AS.
Remaining 20% I have paid using Challan 280 .
I want to clarify, whether there will be implication of interest as below, if I file my returns by July 31st 2017.
For default in payment of advance tax (section 234B)
For deferment of advance tax (section 234C)
Thanks in advance.
Even I see the error “For AY 2016-17, the end date to file ITR u/s 139(1) is over”
For AY 2016-17, due date for filing return u/s 139(1) is 31st July 2016. so the error is correct. Now return u/s 139(4) can be filed
Today is 19th July and I am filing my tax returns. I see deadline is 31st July however I am getting the message – “For AY 2016-17, the end date to file ITR u/s 139(1) is over”. I see others have also faced similar issue. Any solution?
Pls update when we file return for refund claim against A Y 17-18.
I’m trying to file an online return myself with ITR 4S. It is giving an error – “For AY 2016-17, the end date to file ITR u/s 139(1) is over”. From your post I assume the end date should be 31st July, and it is only 14th July today.
Has there been a change in the end date? Or, is it because of some other error?
Please help
i have linked my aadhar and pan card also.
Am i missing something ??
I’m trying to file an online return myself with ITR 4S. It is giving an error – “For AY 2016-17, the end date to file ITR u/s 139(1) is over”. From your post I assume the end date should be 31st July, and it is only 12th July today.
Has there been a change in the end date? Or, is it because of some other error?
Please help
Return for the A.Y. 2016-17 cannot be filed u/s 139(1) after 31st July 2016. belated return u/s 139(4) can be filed.
Did you find an answer?
Bro I guess you should file ITR for AY 2017-18 which people are filing nowadays.
what return filled under section assessment year 2016-2017 what section for refund in in come tax return pl confirm
Section 139 for Return filling, Section 234D for Interest on Refund. No section of Refund.
Hi
I am poojitha and completed my CA and actually i filed the returns for the AY 2017-18 on may 29th but till i have not received any status about refund but last year we received with in a week only.can u say how much it will take to get refund this year.
Your return will processed. It will take some time as in June and July many return are filled.
what is the return filling due date for HUF who is partner in firm and firm under tax audit
Due date is 30th September
i have a need of form 16 for home loan transfer,
my company C A is saying that income tax submission date is increse from 15 may to 15 june, after that they will issue me form 16 is it right information???
pl give me information
April 16 and May 16 how can submit return
Sir, We both are pensioners. we will leave India on 4th May. and will return on Nov.1st. Shall we file the I.t. return in Nov.2017 . We are having deposits in different banks. The 26AS will not be generated prior to our departure. So what should we do? If we file e-return in Nov. 2017,will the I.T. Department penalize us? Please advice. Thank you very much in advance.
The liability to file a return to an individual is 31 July 2017 for the fy 2016-17. But you can file your return after due date if there is no tax liability and if there is any tax due then there is a penal provision for the same.
Hi,
Please let me know if ITR3 efiling is now open for AY 2017-18 (FY 2016-17) ??? If not, what is the likely ( announced) date of opening ?
Yes, ITR3 is now open for e-filing for the AY 2017-18(FY 2016-17).
Hi, In last year my previous company has done ITR by company CA. in July/Aug 2016 I lost my job. I got another job in abroad in Feb 2017 end. In 2016 after August i was in home doing nothing/without income. How can i complete my ITR. Since i am NRI is it necessary to fill the ITR under no income category. Advise me pls.
No, there is no as such completion to file income tax return.
Sir What would be the last date to remit or pay income for any financial year… please explain with an example
Advance Tax 31 March
Hello sir,
In the case of Individual I T Return for AY 2015-16 e-filing status showing ITRV copy received after due date. In this assessment year refund showing. what can i do?
Sir, you don’t need to do anything, your return will be processed. As per status showing your ITR-V has been received by the department, now it will transfer to processing unit.
Hu govt employee su . Mare Nil return file karvi se. Kyare chalu thase ?
Read this helpful article about NIL return: http://blog.saginfotech.com/why-should-i-file-nil-income-tax-return
Sir ,
Can i file IT Return for AY 16-17 after 31.03.2017…?what is the last date for filing ITR for FY 15-16?
Dear Sir / Madam,
I uploaded the return for AY 2016 on 31/07/2016.
But, I did not e-verified it.
If I try to do it i.e. when I click the button – ‘Click here to view your returns pending for e-verification’
Then, I’m getting message ‘No return pending for e-Verification or due date for e-verifying the return has expired.’
Please let me know what to do next.
Thanks – Shashi
You have to verify the return within 120 days of filling the return. If you have not verified it within the time period, then your return will be treated as invalid. Now you have to resubmit your return in original again.
Dear Sir,
i am Sanjeev Nair. I wish to pay balance Income Tax on line. I filled the Challan 280. I filled the assessment year as 2017-2018. But this was not accepted, stating that the assessment year cannot be greater than the current year. therefore i could not make the payment. can you help me in this matter?
Thanking you.
Sir I think you are filing self-assessment tax, but before end of the financial year. You can’t file the same. You have to file advance tax challan.
Hi Team,
I am salaried employee with MNC company, currently i am in England for onsite project. My company pay me accommodation, car expenses in my salaried account. And my company have paid income tax for that funds as well.
Now, my question is related to Tax refund. As my company is going to show my expenses against those funds will claim the refund amount for that. which will be transferred back to my company later on.
But I paid most of the expense in cash. and i don’t have transaction records for accommodation and car expense. So, i was wondering, if all the transaction records are going to match for refund. or we can directly claim against bill copies,
Sir, as you are a salaried employee, the company will deduct the TDS amount on your salary. As you mentioned that you are in England for an on-site project, the company is reimbursing your living expenses. It will not be taxable at your end. TDS will be deducted only from the salary income which you are entitled to receive.
Dear Sir,
I have resigned job for further studies,my last day was in 2016,In Final settlement they have deducted 8500 deducted as TDS, I’m having home loan&submitted investments till Nov 2016.(
1.If i want to claim returns, whether I’ve to submit investment proof of remaining months(i.e Dec 2016-to Mar 2016)?
If yes, how ?
2.Rent receipts also need to submits(Against HRA)?
Please Help.
Thanks
During income tax return filing, you can claim the investment benefits.
What will be the last date of income tax 2016-2017????
Hi Sir,
I had submitted the ITR for AY 2016-2017 on 4th August, 2016.
However I missed to E verify.
What should I do now?
Can I fill the ITR for AY 2016-2017 again now? will i get an option to e verify? or should I send the ITR form I had submitted on 4th august, 2016 via post to Income Tax office?
Please clarify
e-verification is compulsory to do within 120 days from the date of return e-filing. If you don’t e-verify the return then deemed to be not filled. Now, if you miss the deadline for e-verification then you should e-file the return again.
Sir,I have not filled income tax return from last 3 yrs. but I want to filled tax returns. pls suggest me what I will do?what is the last date of e-filling for 2016-17 and 2017-18? pls suggest me the procedure of filling tax returns.
If there is no tax liability, in that situation on the late filling of return there is upto 5000/- Rs. Penalty can be imposed by the department Other than if there is some tax liability too in that case 1% p.m. additional interest liability too.
what is the first date to file IT returns?
very good site, everything available easily
Dear Sir,
When is the last date to pay income tax this year. One of the Income Tax consultant has said it is 15th December and after that there will be a penalty. Is this correct? If so how much penalty will there be?
I look forward to hearing from you.
Thank you.
The last date of payment of advance tax is 15 December 2016. If you are not paid on time it will be liable for interest with 1% p.m.
Dear Sir,
I am a NRI in Saudi Arabia.
My wife is a house wife and stays with me .
She is not having any Indian Income till date.
Lately , this year She has got the Tax free lump sum from the ULIP PESNION POLICY.
Additionally , i had been remitting RS.13000 to her account and used this amount for
helping my son who is self employed in India.
With these amounts she will have around Rs.800000 in her savings account as income.
Shall I have to file a return for this year 2016-17 and if so shall I have to state all these
as except Income and declare NIL TAX ?
By when shall I file the return ? Means the last date applicable.
No, there is no requirement filer return in India.
My ITR-V for the year 2016-17 has been received on 22/06/2016. when can i expect my return..?
Please clear your point.
Hi Sir,
I get the Income Tax Notìce for the AY 2014-15 bcoz of non filling, in that year i have income from salary Rs. 300000 & Tds deducted Rs. 3000.
I have already filled for the AY 2015-16 & AY 2016-17.
What is the solution for the AY 2014-15, can I file it for this year
My family’s annual income is 3 lakh
Recently cbse has asked the total income per annum for my son. I had stated that it was 3 lakh.
Then these two messages came what should I do now
If your accounts are not liable to audit & income exceeds taxable limit then file/e-file IT Return by 31.07.16
Visit https://incometaxindiaefiling.gov.in
-ITDEPT
Second message:
Under Income Declaration Scheme,balance sheet can be cleaned by declaring recorded fictitious liabilities not directly linked to acquisition of an asset
-ITDEPT
This is only a informative messages. Individual, who is having income for AY 2016-17 is more than 2,50,000 is liable to file Income Tax return by 5th August 2016.
SIR ,
I AM NRI I NOT SUBMIT ITR YET OF FY 2015-16 NOW WHICH IS THE LAST DATE TO SUBMIT THAT, AND I WANT TO KNOW THAT CAN I SUBMIT ITR MYSELF ONLINE OR BY CHARTERED ACCOUNTANT ONLY.
PLEASE GUIDE ME BECUASE MY CHARTERED TAKING FEES RS.5000 YEARLY
Last date of filling of ITR for non Audit case 5 August 2016 and Audit Case 17th Oct 2016. Yes you can file your ITR on your Own but you must be aware with IT provisions else you have to take help of chartered accountant.
Hi Sir/ madam,
I have filled income tax for the AY 2016-17 on dated 10/09/2016 but i want to revised it & also i want to file for the AY 2015-16 is it pissible.
Return for AY 2016-17, after due date so as per section 139(5) Assessee can not revise that return which is filled u/s 139(4) (Belated Return can not be revised) Yes you can file return of AY 15-16 before 31st March 2017.
Hello Sir
Ours is a newly incorporated private limited company with nil turnover. What is the due date for filing IT Returns
Basically for corporate assessee the date is 30th September of every year but current time the date is extended to 17th October.
income tax audit last date
17th October, 2016
I filed my ITR on 19/07/2016, but it is pending for e-verification.. I tried a lot of time to e-verify it after 5th August through net banking, but could not do it. What is the last date for e-verification??
You can e-verify the ITR withing 120 days of e-filing of your return.
Where husband had died and all agriculture land (capital assets) transferred in name of wife and sons.
assets sold, capital gain arises and for capital gain purpose re-investment in names of sons only not a single in name of widow.
Will the exemption available to widow as re-investment out of sale consideration in name of widow’s sons.
if yes,please help by section and and ruling case for the same.
waiting for your kind reply.
Thanking you.
Answer is totally depends on the interpretation of this case who is the legal authorized person. Please refer some case laws related to this case.
Can the same be done in a weeks time. Or do i need to send the physical documents to Income Tax Deptt. Bangalore as earlier.
I have submitted the ITR before due date but unable to e-verify as my mobile is on international roaming and not working. Till when can i send the documents to Income tax department of e Verify my return???
There is no need of documents to e-verify. You can e-verify now.
Dear ma’am, I want to file ITR for 2015-16 now.is it possible?tell me
Yes, You can file ITR of 2015-16. It will be considered as belated return but you can file without any issue.
I have e-filed the Tax on 16/07/2016. But I did e-verify on 17/08/2016. Will that be processed?
Yes E-verification as well as Sending of ITR-V to CPC is valid for 120 Days So you will find, no issues in ITR-V processing.
i have not filed my returns, is there any option to file the same now.
Please advice.
Yes, you can upload your return in both mode online as well as offline u/s 139(4)
TDS has been deducted by bank on interest but still ITR not filled. Can I take refund ?
In such case you need to upload ITR then only you can claim TDS Refund.
I have filed ITR on 30.08.2015, Status showing as Transferred to AO. But still no intimationor refund .
How long it will take for this.
For this, you have to check status of ITR in your Income Tax Login and you can contact to Income Tax department.
I have filed ITR on 12th July, status showing as EVC accepted. But still no intimation or refund. how long it will take for this.
It’s a department process and it will take time sometime more than 1 month too.
My income was Rs 3.2 lacs for fy 2014-15 (A.Y.2015-16). Do I need to file return online. If yes, what is the the last date and penalty?
The last of filling of income tax return for A.Y. 2015-16 is 31/3/2017. If your net income, after deduction is less than the minimum taxable income than there is no interest liability but if you have taxable income in that case there is interest provision of section 234.
i -filled my return on 11/07/2016, present status on website www. incometaindiaefilling.gov.in is showing as itr processed refund determined and send to the refund banker since 16/07/2016. But still the return is not credited in my account. can u tell me why it is like this?
Sir, might be your bank account number is not correct. Go to the department site. Make login there and again request for refund. With new bank account number.
Hi, I am farmer n I sold property last year which My tds deducted.
So can I fill itr-2 form n get my tds refunded.
I dont have any other source of income than farming, My tds is Rs28000 .
Please reply asap..
Yes, you can file ITR 2. Please read the instruction of return form ITR 2
What is the last date for ITR AY 2016-17?
For J&K – 31st August, 2016
Other States – 5th August, 2016
kindly update urself that they raised to 50,000 from 30,000 for PF
and there NIL TDS in my 26AS statment
my question is :
my pf is 38,000 and in 26 AS stmnt it is zero tds
now I have enter this amount in that row” Income from Other Sources (Ensure to fill Sch TDS2) ” from the ITR 1 form
after entering and finishing ITR 1 what else I should to ?
Is there any other column I should fill somewhere?
while filing itr1 I come to know that PF has to be declared as income from other source if it is withdrawn <5 yrs and mine is less than 50,000.
So while entering the amount in the row " Income from Other Sources (Ensure to fill Sch TDS2) " WHAT is that "Sch TDS 2" I have fill?
How and where I can enter this PF amount and how to complete my ITR
PF amount withdrawal should be enter in “Income from other sources” If TDS is also deducted on PF amount than only you have to fill “SCHTDS II” as your amount is more than 30,000 then 10% TDS should be deducted so better check your “26 AS statement”.
Hi,
I want to file ITR for AY 2014-15, however, while e-filing the sites shows a comment “the end date of filing this ITR is over”. How can I file the ITR now?
You can try to file it manually.
what is the last date for revised filing of tax return for the assessment year 2015-2016.
31st March 2017 or before processing of the original ITR return whichever is earlier.
When a refund should be paid by CPC.
Any laid down period is followed to refund.
sir,
i get a total stipend of 360000/yr. should i pay ITR?
Yes, because your total Income exceeds below the taxable limit slab.
ya
Can I gift an under construction property to my daughter who is a major and with no earnings. Kindly suggest the way.would there be any tax lliability? if so then on whom?
Sir kindly reply
I just heard that 31st july last date extended to 5th August for individuals. Is it true ?
Yes, ” Income Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by July 31. But in view of the day-long strike at public sector banks, the deadline has been extended to August 5.” Source: NDTV.com
if i miss the 31st july deadline for filing return. What will my options – I am looking for getting some refund as well.
You can file the return till 31st march 2017 and refund will be allow by the Income tax department.
Other than that from the savings I got approximately 6000 as interest
Is it fine?
my income is no taxable but i have return file what is a due date of return file.
Yes you can file Nil Return also due date is 31st July 2016.
Hi SAG Infotech,
I’m salaried employee and my IT tax due around 15 K . can i file tax return without paying due immediately ??
Planning to pay due amount later..please educate me on this…Thanks in advacne
As per Income Tax Act 140A Self Assessment Tax has to be paid before filling Income Tax Return hence if you file your return without paying tax return will be considered as defective return u/s 139(9).
Please clear the last due date for submission of tax refundable itr fly 2015-16 ( i.e. TDS refundable status )
Last Date of Income Tax return Filling for Assesse who are not covered under Audit is July 31st 2016 and for Audit case 30th September 2016.
I left the company by April 3rd , after that till this year I am not going to any job and no income.
For that three days I got <3000
Whether it is must to file ITR ?
If so which form?
I am not sure whether the company will give me form 16 or not
IN FUTURE if I start earning and started paying taxes whether this will create any problem? What kind of problems?
If in whole year there is no such income other than 3,000 Rs. Then no compulsion to upload return.
Other than that from the savings I got approximately 6000 as interest
Is it fine?
Sir pls confirm me TDS Return F.Y 2021-22 Q1 and Q2 & Q3 Note filing return but Tax Liability challan Deposited
Pls your suggestions
I am one of the Director of Pvt Ltd company as per my company account we are not in profit AY 2016-2017, only wants to get some TDS Deducted payment after filling returns, it also only Rs,4000./- when would be the last date for income tax return for Pvt Ltd Company, as my auditor busy with individual income tax returns.
Last date of Income tax Return filling and Audit return upload is 30th September 2016 for AY 16-17 in case of Assessee who are covered under Audit.
My son bank account shows a turnover of 3 lakhs in fd and 3 lakhs in saving a/c in bank booked.interst is 20 thousands.he is govt.employee.bank has deducted tds also.should i had to pay income tax.itr .has also filled
When TDS is Deducted by bank then its good to upload return so that you can take slab rate benefits.
I transferred Rs- 13 lacs to my father in law within 6 years time to time.How it would be treated as loan or gift? Plz guide me
I transferred Rs- 13 lacs to my father in law within 6 years time to time.How it would be treated as loan or gift? Plz guide me..plz reply sir..i am worried
Income Tax Department treats as a gift in the compensation of natural love and care.
Sir,
My salary is 13 lakhs my company deducted tds without accounting housing loan , rent, medical etc… and they paid to govt. I missed the 5th Aug date to file return. Shall I file return get the claim now?
Yes, you can file the return till 31.03.2017. You have to give the details regarding house loan, rent, medical, etc in the return form. It will lower down your Tax and then you can claim the refund of TDS.
I have received some money from my Fathers savings account in the bank as death claim. Should I show this as income and pay tax on this money received.
Please clear your question that from where you got the money? Example LIC to Saving Account or other ways….
My friend is trying to e-file Income Tax Return for AY 2016-17
Housing Loan interest Section “80EE” is missing. How to enter the Amount?
Please guide.
sir i wanna knw that e filing is compulsory for individual having total income of 5lacs or more…….is this before availing basic exmption limit or after availing limit? i m govt employee and TDS is being deducted and deposited properly. plz guide me….
5 Lakh is related for Total income which is after allowing chapter VI A deductions from Gross total Income. If Total Income of Assessee exceeds INR 5 lakhs than only required to upload return. And as far as your concern you are a Govt. Employee and if TDS is already deducted by employer and nothing is due to pay then in that case you are not compulsorily required to upload ITR.
need to file returns for last 7 years. but IT web site allows only last two years. waht to do? is manual return accepted ?
Department will not accept manual return also you can cross verify the same by contacting ITD.
My son bank account details shows a turnover of 10 lakes due to many FD booked and redeemed.but interest is actually 1 lakh . Should I have to pay income tax ?
On FD interest TDS supposed to be deducted by bank. Hence you have to disclose this income in income from other sources along with your other incomes, if available. If income after deducting TDS is more than the taxable limit then only you have to pay income tax else you can upload your return without paying any tax.
I have not filed income tax return for last 5 years because my income was not taxable then..in this financial year I want to file return for last 5 years. plz tell me how can I do this?
No you cannot file your last 5 Years Return. You can file for AY 16-17 and AY 15-16 only. Because e-filing validity period has been expired for rest of AY.
Thanks
My Total Taxable Income From Salary is Rs. 4,93,777 From Both Company (A and B)
Gross Total Income Rs. 4,93,777
Total Deductions Rs. 58,902
Total Income Rs. 4,34,880
Tax Due (Before Tax Credit U/S 87A) Rs. 18,488
Tax Paid Rs. 5,027
TAX PAYABLE RS. 12,870
I just wanted wanted to know ,do i need to file Income Return by Paying the Tax Payable amount. since the total income falls under 5 Lakhs per annum.
If total Income of assessee is less than INR 5 lakhs and TDS has already been deducted on that income then no need to do return filling but in your case your tax is not fully deducted and it is still pending so you have to pay your tax liability and file the return.
yes you have to do
In the form 16 of AY 2014-15, my employer did not show accrued interest on house building advance taken from the employer and did not issue revised form 16 till the last date of filing returns i.e. 31st july, 2014. However, I e-filed return on 31st july 2014 without taking the advantage of the accrued interest on house loan. But due to traffic congestion on internet/ income tax site, i could finally e-file my returns 5 minutes past the midnight of 31st july i.e. at 00.05 hrs of 1st aug 2014.
Later, i submitted revised returns taking into account interest on house loan claimimg a tax refund of rs 7580 and successfully e-verified the same. However my revised ITR has not been processed on the ground that my original return was not filed within time.
What should i do now to claim the refund?
You have uploaded revised return but it is not acceptable on the ground of belated return. In that case if your original return has been processed by CPC then you can upload rectification of the same on the ground of mistake apparent from records.
Can you please tell me whether the last date for ITR for individuals has been extended from 31 July to 31 Aug 2016, for AY 2016-17.
Thanks,
Sudhakar
31st July 2016 is the last for the AY 2016-17. The date is still the same.
My CA told me it 5th August 2016.
Yes, The Indian Government extended the last date. Read this article for more information: http://blog.saginfotech.com/reasons-why-indian-government-extend-last-date-itr
Last date of tds
Read Here: http://blog.saginfotech.com/due-dates-of-e-filing-of-tds-or-tcs-return
Ms Shikha,
You are right… SCH TDS1 was auto filled & I filled SCH IT…. hence it became double.
As suggested by you, I removed the data from SCH TDS1 and now it is correct.
Thank you very much!
Regards,
Pious
Thanks Ms Shikha for the comment. But still it is not clear.
In my case, Total Tax due and Total Tax Paid is Rs.1,08,191/- Hence No Refund applicable
Now, as per “Tax paid & Verification Page” of Income Tax Return Online,
D13: Total Advance Tax Paid = Rs.75,000/-
D14: Total Self assessment Tax Paid = Rs.33,191/-
D15: Total TDs Claimed = Rs.1,08,191/-
D16: Total TCS Collected = 0
Total Tax Paid D17=(D13+D14+D15+D16) = Rs.2,16,382/-
(Double the Actual Tax Paid! because of D15)
D19: Refund shown = Rs.1,08,190/-
(where as no Refund is applicable in my Case!!)
Thanks!
As per data, you give to me. I think you have enter your data either in “Sch TDS 1” and “Sch IT” both or in “Sch TDS 2” and “SCH IT” both.
“Tax details” schedule enter your advance tax and self- assessment tax only in the schedule “SCH IT” Then in “Tax Paid and Verification” tab your data ll come only in D13 and D14 Column .
Sir,
Pl. see above one of your reply to Shameem Ahmed, which says If your income ( Is it for Financial year 2015-16 ) is less than Rs. 5.00 lakhs ( say Rs. 3.50 lakhs ), there is no need to file tax returns ? Pl. clarify once again no need to file tax returns or no need to e file the returns ?
sir please consider notification no. 36/2011 of income tax india.
Sir, there is no error in utility. the formula of total tax paid is absolutely correct. D-15 is related to total TDS claimed. it mean the amount of TDS which is deducted by the deductor from your income. so it is also include in total tax paid column. In your case if there is no TDS deducted then in “TAX Details” schedule enter your challan details in “SCh IT”only (Details of advance Tax and Self assessment tax payments)
I tried to e-file return online…but facing problem on page “Tax paid& verification” page.
There in Column D17, Total Tax Paid is specified using a wrong formaula!
D17= D13+D14+D15+D16
It should have been like this :-
D17= D13+D14+D16 (without D15)
Due to the above error,
Total Tax paid is shown as “Double the actual Amount”
and Full Tax amount is shown as “Refund”!!!
Could you please check and comment?
i have income from salary without any tax liabiliy, after exempted income. though my employer has deducted TDS . but my form 26AS shows no credited amount as TDS. After bringing it in notice of my employer, it is told to me that it will took sometime to get corrected. Now what should I do ,while e filing . should i wait till Form 26As get updated my tax credit. Or file return online anyway till july31?
You should wait, till your employer correct his TDS return then you can claim tax credit in your return.
Sir, i want know e-file is compulsory with tax income is less than rs 500000
No, if your employer deducted TDS and your salary is lower than Rs. 5 lakhs then there is no need to file income tax return.
I had left my previous organisation in Sept. 2015, but till date they have not settled my full & final settlement & the dues pending from their side & inspite of sending various emails & continuous phone calls they are not replying properly & saying it is still pending with account’s dept. Even they are nor issuing my form 16, for the TDS what they had deducted from my salary. Now how should I file my e-returns & what actions i should take. Please guide me.
If you file your income tax return now in this case if your employer not file TDS to income tax department then you can not claim your TDS amount.. so before filing your income tax return, make settlement with your employer.
my income is not taxable for fy 2014-15 (A.Y.2015-16) CAN I STILL file return online
You can file NIL return.
Hi,
For 2 form 16, which ITR form to be submitted.
form 16 is available for salaried person . in ITR (1/2A/2/4) forms you can submit the salary information. Return form is depend upon other details also. for eg. if assessee has business income other than salary in that case ITR 4 is applicable or if assessee only has salary income than ITR 1 is applicable. So firstly select the source of the income and then return form ll be select accordingly.
For claiming IT Returns, do we have to send hard copy to CPC Bangalore?
If return is Filled through DSC or it is already e-verified by user than no need to send ITR-V Acknowledgment to Department else one has to send signed hard copy to CPC, Please read Rule 12 of Income Tax for further clarification.
Income tax on Interest on FDs etc. should be abolished such as GPF/PPF or limit should be enhanced,as it is a part of Savings for future planning of a poor people for marriage,education or some other similar liabilities of his/her children or dependents arriving in future;but 1% cess may be applied for PM Relief fund which may be utilized as a help for natural or other calamities happening suddenly.
You are absolutely right sir.
Yet not showing AY 2016-17 in efileling statement.
what is begin date for efiling of income tax? efilling site is not showing assessment year 2016-2017?pls help
TRY NOW
when was the opening date of e filling 2016-17
Department will enable E-filling as soon as possible wait for New E-Filling utilities.
what is begin date for efiling of income tax? efilling site is not showing assessment year 2016-2017?pls help
1st April 2016.
no its its not enabled yet…
it is bot showing A Y 2016-17 in system
New forms are available from 1st April 2016 so you can manual filling of ITR but you have to wait for New E-Filling utilities.
Its open now. you can do efiling for the Assessment year 2016-2017
For Individuals it is 31 st July 16
For Audited Firms it is 30 th Sep 16 (Subject to extensions)
what is the last date of audit care for the Assessment year 2016-17
30th sept. 2017 extension depends on department.
30th sep