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 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
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 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.
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.
yes you have to do
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.