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
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?
ya
Yes, because your total Income exceeds below the taxable limit slab.
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?
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
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?