As we know the ITR filing time is running so every taxpayer must remember income tax return 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) | 31/10/2024 |
| Other than a company to whom the tax audit is applicable | 31/10/2024 |
| Partner of the firm to whom tax audit applicable | 31/10/2024 |
| Audit Returns are required for assesses under Section 92E | 30/11/2024 |
| Assesses 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 is 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.
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.
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.
- 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)
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) is 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 the 31st October 2024. For all companies, it is essential to e-file their Income Tax Returns (ITR) by a specific date of 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.
