Income Tax Return Filing Due Dates

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By Hiral Vakil on February 18, 2019

Income Tax Return(ITR) filing is done after the completion of a financial year. Due dates for ITR filing are as per section 139 of the income tax act. Due dates for different category of taxpayers are as follows:

Category

Due Date

Individuals to whom audit is not applicable

31st July of the Assessment Year

Companies

30th September of the Assessment Year

Individuals to whom audit is applicable

30th September of the Assessment Year

Individuals/ HUF who are partners in a firm and firm’s accounts are subject to audit

30th September of the Assessment Year

Above due dates can be extended by the IT Department via order.

Difference between Assessment Year and Financial Year

Return can also be filed after the due date. It will be considered as belated return and late filing fees and penalty interest will be applicable. Hence it is always advisable to file ITR on or before the due date.

Who should file ITR?

Due Date for filing Revised Return

A taxpayer can revise a return if any mistake, omission or any wrong statement is found in original return. From FY 2017-18 (AY 2018-19) onwards revise return can be filed before the end of the assessment year i.e, 31st March 2019 or before the completion of the assessment by the IT Department whichever is earlier.

Up to FY 2016-17 (AY 2017-18), a revised return can be filed before the expiry of one year from the end of the relevant assessment year i.e, 31st March 2019 or before the completion of the assessment by the IT Department whichever is earlier.

Revise return is filed under section 139(5) of the income tax act. If original return is filed in paper form then revised return cannot be filed online.

Last Date to file a belated return?

From FY 2017-18 (AY 2018-19) onwards belated return can be filed at any time before the end of the relevant assessment year or before completion of the assessment, whichever is earlier.

However, a belated return attracts late filing fees under section 234F. Late filing fees of Rs. 5,000 is payable if the return is filed after the due date but before 31st December of the assessment year. If the return is filed after the 31st December then late filing fees of Rs. 10,000 is payable. However, the number of late filing fees to be paid cannot exceed Rs. 1,000 if the total income of the person does not exceed Rs. 5,00,000.

Let’s take an example to understand better: Mr Arun forgot to file his ITR on or before 31st August 2018. His total income for FY 2017-18 was Rs. 4,50,000. Arun can file his belated return up to 31st March 2019. He files his return on 25th November 2018. Then his return will be considered as belated return and late filing fees of Rs. 1,000 will be applicable to him since his income is less than Rs. 5,00,000.  

Up to FY 2016-17 (AY 2017-18), belated return can be filed within one year before the end of the relevant assessment year or before completion of the assessment, whichever is earlier. Up to FY 2016-17, there were no late filing fees applicable on belated return.

Tax filing due dates for FY 2018-19 (AY 2019-20)

 

Category of Taxpayer

ITR Form Type

Due date

Belated filing due date

Individuals/ HUF

ITR-1, ITR-2, ITR-4

31/07/2019

31/03/2020

Individuals/ HUF

ITR-3

30/09/2019

31/03/2020

A company, Partnership Firm, Trust, LLP (Not requiring audit)

ITR-5, ITR-6, ITR-7

31/07/2019

31/03/2020

A company, Partnership Firm, Trust, LLP (Requiring audit)

ITR-5, ITR-6, ITR-7

30/09/2018

31/03/2020