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
HI Saurabh,
I lost my job 2 years back and until then my taxes were paid by my company and I had filed returns for them without fail. BUt From last 2 years as I have no job and income, I did not pay any tax, but now I am getting emails and msgs from IT department saying that I need to file returns for the last years. Is it compulsory to file returns as I did not pay any tax from last 2 years bcoz of no income and also earlier my company used to pay tax on behalf of me. What must I do now?
As per provision of sec.139 of IT act, individuals require to file the return if their total income exceeds basic exemption limit. So, in this case, you need to contact the department.
Thanks a lot for your reply..U said that individuals require to file a return if their income exceeds basic exemption limit where I don't have any income now. But nominal transactions are happening and they did not exceed 2.5 Lakh. So what must I do? Is it still compulsory to file a return though it did not exceed the limit? I am in dilemma. I shall be very grateful if u can clear this one thing. Thanks a lot.
As your income doesn't exceed the limit , so you not need to file the return.
Ok ...I contacted the department and they said no need to file returns and those emails and msgs are sent for awareness. Thanks a lot for ur replies.
One final query...U said no need to file returns if my income is within the given limit. But I am getting emails and msgs to file returns though I did not pay taxes from last 2 years as I have no job, then will I be served notices later by IT department if I don't file returns. Thanks.
As we said that you are not eligible but you are receiving notices so in this case, you need to contact the department.
Thanks a lot for ur advice and valuable time spent to reply me. Thank u.
Sir, last date to file individual 44ab
For A.Y. 2017-18, the due date for submitting 3cb-3cd was 07/11/2017.
Sir AY-2017-18 return filing due date extend?
07th Nov 2017 was the last date for audit cases.
Dear sir any postpone the date of income tax filing.
Income tax due date for company assesses and assesses covered under audit has been extended to 7th nov 2017.
I've got For AY 2016-17, the end date to file ITR u/s 139(1) is over. Could you just tell the procedure for "Now return u/s 139(4) can be filed"? Thanks in Advance.
You can file the return for AY 2016-17 upto 31 march 2018 under section 139(4).
Is there is any possibility of extending the due date apart from 31st October 2017 for filing the tax audit report for the financial year 2016-17
No update from the department till now regarding extending the due date.
can ITR-1 e-filling can be done now for fy 2016-17, ay 2017-18. Is there any last date as such? Kindly guide me.
The due date for filing ITR’s was 5th Aug 2017 for A.Y. 2017-18. Now you can file a belated return u/s 139(4).
I have filed my return on June 20th, 2017, still, it was showing under process only, waiting for the refund. Could you please let me know any idea when I will receive my Refund amount?
Contact department for assistance.
Is there any chance of further extension of the tax audit due date. at least nov 2017?
No notification till now as such.
Is there any possibility of further extension of the tax audit due date?
No such notification is issued by department yet.
I forgot to file the IT for the financial year 2016-17. Is there any way to file it now? Please advise if there's any.
yes, you can file the return for F.Y. 2016-17 u/s 139(4).