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.
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.
| 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 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 |
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
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.
(Assessee who are required to furnish report under sec 92E)
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:
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.
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
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.
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View Comments
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
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
Upto 30th November you can file.
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
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
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
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
Here is the notification - https://blog.saginfotech.com/wp-content/uploads/2020/07/notification_35_2020-1.pdf
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.
In which I have to file ITR as my income is below the exemption limit.
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. 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.
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 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.
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.
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
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
Last Date 31st March 2020 with late fee+Interest of Payble Income Tax of A.Y 2019-20
It has been extended for J & K and Ladakh assessees up to 30th Nov 2019.
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.