Current Income Tax Return Filing Due Dates for FY 2023-24

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.

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)	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

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)

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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 was 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. Note: The government has revised it till 15th November 2024 via circular No.13 /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.
• The CBDT has extended the income tax audit report submission date to 7th October 2024 from September 30, 2024. Read Circular

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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.

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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)

What Would Happen If You Have Missed the ITR Filing Deadline?

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:

• Potential for Scrutiny: Recognize, that if you file your taxes later, it might grab the attention of the I-T department and expand the possibilities of them bringing a close look at your income tax return. This could suggest they request more records and it might take longer for you to get your tax refund on time.
• Interest on Unpaid Tax: If you are filing of ITR later and pay taxes, you have to pay additional money in interest on the amount which you own from the deadline until you have to pay it.
• Loss of Carry Forward Benefits: Sometimes, you might be able to utilise any financial failures or tax deductions from previous years to reduce the tax amount you own in the future. But if you have missed the ITR filing deadline, you might not be able to take any benefit.

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.

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

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Most Important FAQs on the ITR filing Deadline for AY 2024-25