Last date to file an income tax return The last date to file returns for individuals is set by the Income Tax Department. The due date differs based on the individual's income source and business type. Penalty for non-filing of an income tax return ...
As per the Income tax Return guidelines, the deadline for filing IT return for FY 2015-16 was July 31 but due to PSU bank strike, the last date for filing income-tax returns got extended to August 5 by the Government. In view of the day-long strike at public sector banks on behalf...
Belated ITR Filing:If you miss the ITR filing due date, you can still file a belated return, but you must do so by December 31st of the particular assessment year. For example, if you miss the July 31, 2024, due date for the financial year 2023-24 (assessment year 2024-25), you c...
When filing your Income Tax Return (ITR), it's crucial to meet the Income tax return filing last date to avoid penalties and maximise benefits: Interest:If you miss the deadline for Income tax filing, under Section 234A, you will incur an interest charge of 1% per month or part thereof...
The last date for filing of ITR for FY 2017-18 was 31 Mar 2019.You nowcannotfile a return for FY 2017-18 or AY 2018-19 or for earlier years. What can you do?You may receive a notice from the Income Tax Departmentwithpenalty chargesfor not filing ITR. The alternatives and the risk...
the taxpayer does not display the capital gains in his calculation of the income including the income return and on the taxpayer’s side there would be a failure to deposit the capital gains in the capital gains account policy prior to the last date of filing the income return u/s 139(1...
If you have filed ITR without certain incomes, then you may be required to file Revised ITR. Last date for filing (Belated) as well as revising the ITR for AY 2022-23 is 31st March 2023.Yes, ITR can be revised u/s.139(5) even after Processing of ITR!
Step 2: Late Return Filing If the taxpayer has missed the due date of filing the Income tax return, the same can still be submitted as "belated income tax return" within the last date of the assessment year. However, the losses or accumulated depreciation cannot be carried forward, and in...
CBDT Extends Date for Filing ITR-V Formraj kumar makkadPrint this
Income Tax Return filing is mandatory for Taxpayers whose income exceeds the prescribed income limit. ITR Filing process is regulated under the Income Tax Act 1961.