Income Tax Return Due Date
Understanding Section 139 of the Income Tax Act- due dates for filing income tax returns, eligibility, and the last date for filing the return.
The Income Tax Act, 1961 and its rules decide the due dates for filing income tax return under section 139. The Central Government can change this due date by issuing a proper notice.
The due dates to file income tax return can be divided into two parts.
Sr. No. | Category | Due Date for Income Tax Return |
---|---|---|
1 | Individuals, HUF, BOI, AOP. (Taxpayers with no audit requirement.) | 31st July of the relevant AY |
2 | Company, Taxpayers whose accounts need to be Audited, Working partner (whose firm’s books need to be Audited) | 30th September of the relevant AY |
The dates presented above is the income tax return due date, but the returns can be filed even after the due dates with interest. The last date to file the income tax return is one year from the end of relevant assessment year. For instance, the due date of income tax return for FY 2015-16 is 31st July 2017. This return can be filed until 31st March 2018. It is because one year for the AY 2016-17 gets over on 31st March 2018.
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