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
Hello sir,
I am iyyanar, Partnership firm. What is the due date of filing our Income tax return for a.y: 2018-19?
Hi sir
I am the partner of Partnership firm. What is the due date of filing my Income tax return for a.y: 2018-19?
If partnership firm is unaudited then due date will be 31/07/2018 otherwise 30/09/2018.
Any hope for extension
No such update yet.
SIR
HOW TO FILL ITR AFTER DUE DATE (2017-18), PLEASE SUGGEST ME.
As the due date for AY 2017-18 is over now, you cannot file ITR for the concerned period.
sir mere koi job nhi h aur mujhe income sirf FD aur saving bank a/c se hote h jo ki sirf 120000 h aur bank n mere FD per 4000 TDS kata tha to maine assesment year 2017-18 m ek sir se itr bharwaya tha unhone itr 4 form bhara tha aur 1000 rs payment li thi. Sir. mai is saal assesment year 2018-19 ka return khud bharna chahta hu aur ITR 1 k thru sirf salary for other sources k thru aur mere koi job nhi h to kya m bhar sakta hu ITR 1 ya mujhe unhe k pass jana hoga.
YOU TUBE PE VIDEO DEKHJE BHARDO SALARY ME KUCHH NAAHI HOTA
If you fill ITR on your own by giving all the details then you can do it otherwise take consultancy
I need to pay tax on short-term capital gains (around Rs. 3000) for FY 2017-18. What is due date (31st March)? Is there any interest for late payment, how much? If possible please quote the relevant Section of Income Tax Act; because I have searched on IT website could not find this information.
You need to check your advance tax liability as per section 208 based on your total income. If advance tax provisions are not applicable in your case, no interest will be levied if payment made till the due date of ITR i.e. 31.07.2018.
SIR CAN I FILE LAST YEAR'S HENCE ASSESSMENT YEAR 2017-18(PERIOD 01/04/2016 TO 31/03/2017) ITR NOW. AND IF YES PL EXPLAIN UNDER WHICH SECTION IT COULD BE FILLED.
As the due date for AY 2017-18 is over, you did not file the return for the concerned FY.
IF THERE IS REFUND, THEN YOU CAN FILE YOUR ITR WITH APPLICATION AS PER CIRCULAR 9/2015 DT 9/06/2015 WITH PRINCIPAL CIT.
Sir,
My trading turnover is 1.5 cr (losses 3.5 lakh)but my total income(salary) is less than 2.5 lakh for the year 17-18 I don't have any other incomes but have Personal loans and credit card outstanding, Do I need an audit? if require before when I shall submit my returns. I am totally confused.
Thanks
raju
As t/o is more than 1 cr. , so tax audit is mandatory, no matter there is profit or loss. Due date for filing return for entities covered under audit is 30/09/2018.
Sir,
I have started a shop in the month of July-2017. When do I have to file my first IT returns.
Before 31st july
You can file the return on or before 31/07/2018
I am a government servant, one of my instalment of Rs.13,340/- has been deducted from my monthly salary, one similar instalment is yet to pay which I told that, I will pay it by cash. When do I pay and what is the due date to pay?
Liability to deduct tax lies with the person who pays the amount of income.
Sir,
by mistake, I filed my ITR for AY 2016-17 instead of actually filing for AY 2017-18, kindly advice me on how to rectify this issue.
If you have wrongly filed ITR for AY 2016-17 and you have given wrong figures then you can file revised return for AY 2016-17. Then you can file separate ITR for AY 2017-18.
Sir,
I know the last date for filing tax audit report was 7 Nov 2017 for AY 2017-18. But Can I file late tax audit report now in March 2018 for AY 2017-18 with the penalty?
If yes- how much penalty I have to pay and is it possible u/s 139(4)
The penalty for late furnishing of the audit report is .5% of turnover subject to the maximum of Rs.150000. you may file return U/s 234A, B and C as applicable.