There is hardly 3 weeks left and the date date for filing the income tax return is fast approaching. This time the last date shall not be take lightly as a new section has been introduced i.e. 234F where late fees upto Rs. 10,000 will be levied. (Refer the link)
There are broadly around 8 category of taxpayer viz. Individual, HUF, Firm, LLP, Company, Trust and AOP/BOI. Persons falling under these categories are required to file return of income and the due date is different based on the requirement of audit or non-audit case of such categories as defined in section 139(1)
Base on the category of Assessees the income tax return forms have also been released. Although this year there are some changes applicable to these income tax return forms and they must be taken care of at the time of filing the returns.
Last Date of Filing Income Tax Return for FY 2017-18 (AY 2018-19) (No Audit Cases)
- Due date of filing the Income Tax Return by Assessees is 31st July 2018 if the Books of Account are not required to be audited. Mostly salaried individuals and HUF fall under this category.
Filing Income Tax Audit Return Due Date for FY 2017-18 (AY 2018-19) (Compulsory Audit Cases)
Due date of filing the Income Tax Return by Assessees is 30th September 2018 and the categories are as given below.
- A Company
- A Person (Other Than a Company) whose accounts are required to be audited under this Act or under any other law for the time being in force, or
- A working partner of a firm whose accounts are required to be audited under this act or under any law for the time being in force
- All other Assessees viz. Firm, HUF, AoP BOI, etc whose books of accounts are liable to tax audit.
Filing ITR Due Date for FY 2017-18 (AY 2018-19) (Assessees who are required to furnish report under sec 92E)
- Due date of filing the Income Tax Return by Assessees who are required to furnish report under sec 92E is 30th November 2018.
