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
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.
Last date of tds
Read Here: http://blog.saginfotech.com/due-dates-of-e-filing-of-tds-or-tcs-return
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
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.