Due dates of filing Income Tax Return (ITR)

Introduction

Income Tax Law of India is governed by the Government of India by enacting the law as per Income Tax Act, 1961. The Government imposes a tax on all taxable income of all persons who are Individuals, Companies, HUF, Firms, LLP, Association of Persons, Body of Individuals, Local Authority and any other Artificial judicial person. The levy of tax on these persons are depends upon his residential status of the persons depending upon the numbers of days residing in India. Every individual who qualifies as a resident of India is liable to pay tax on his income as per Income Tax Rules. Income Tax Return is filed every financial year within due date to the Income Tax Department. The Income Tax Department works performs under the Department of Revenue of Ministry of Finance of India.

What is the meaning of due date as per Income Tax?

Specified persons are required to file ITR with due date after the each financial year to the Income Tax Department. To make sure timely filing of return, the Income Tax Department describes the last date upto which these persons can file income tax return without pay any late fees. This last date is treated as due date of filing Income Tax Return (ITR).

The due date of filing ITR is depending upon the type of assesses for filing Income Tax Return i.e. Individual, HUF, Firms, LLP, Association of persons, Body of Individual, Local Authority and any other Artificial Judicial persons.

Due dates of filing Income Tax Return for Financial year 2021-22 (Assessment year 2022-23)

Due date of filing ITR for individuals and HUF:

Class of the assessee		F.Y 21-22 (A.Y 2022-23)
Firm, LLP, AOI, BOI, AJP, Local Authority, Cooperative society	Audit cases (ITR-5)	31^st Oct, 2022 ((Audit report is filed by 30th Sep, 2022)
	Non Audit cases (ITR-5)	31^st July,2022

Class of the assessee		F.Y 21-22 (A.Y 2022-23)
Individual and HUF	Non audit cases (individuals, professionals, small business etc.) (ITR-1,ITR-2 or ITR-4 sugam)	31^st July,2022
	Working partner of a firm of LLP whose audit is required u/s 44AB (ITR-2)	31^st Oct, 2022
	Non working partner	31^st July, 2022
	Audit cases (ITR-3)	31^st Oct, 2022 (Audit report is filed by 30^th Sep, 2022)

Due date of filing ITR for Firms:

Class of the assessee		F.Y 21-22 (A.Y 2022-23)
Firm, LLP, AOI, BOI, AJP, Local Authority, Cooperative society	Audit cases (ITR-5)	31^st Oct, 2022 ((Audit report is filed by 30th Sep, 2022)
	Non Audit cases (ITR-5)	31^st July,2022

Class of the assessee		F.Y 21-22 (A.Y 2022-23)
Firm, LLP, AOI, BOI, AJP, Local Authority, Cooperative society	Audit cases (ITR-5)	31^st Oct, 2022 (Audit report is filed by 30^th Sep, 2022)
	Non Audit cases (ITR-5)	31^st July,2022

Due date of filing ITR for Companies:

Class of the assessee		F.Y 21-22 (A.Y 2022-23)
Company	All Companies (ITR- 6)	31^st Oct,2022 (Audit report is filed by 30^th Sep, 2022)

Due date of filing ITR for Trusts, Political parties etc:

Class of the assessee		F.Y 21-22 (A.Y 2022-23)
Trusts, Collages, Political parties etc.	Trusts, Collages, Political parties etc. who are required to file their return u/s 139(4A), 139(4B), 139(4C) or 139(4D)- [ITR-7]	31^st Oct, 2022 (Audit report is filed by 30^th Sep, 2022)
	If not required to get its accounts audited	31^st July,2022

Due date of filing ITR in special cases:

Class of the assessee	F.Y 21-22 (A.Y 2002-23)
Report to be filed u/s 92E	31^st Oct,2022 (Audit report is filed by 30^th Sep, 2022)
File return in case of transfer pricing	30^th Nov, 2022
Revised Return	31^st Dec, 2022
Belated Return	31^st Dec, 2022

However, in any case an assessee file his ITR and after filing his ITR, he/she knows that the return is filed with some wrong data then he has an option to file revised return by 31^st Dec of that particular year.

However, in any case an assessee is not able to file his ITR within due date, then he is required to furnished his return upto 31^st Dec, 2022 with the payment of late fees as required.

Penalty for Non- Compliances

Late Fees: If you file your return after the due date, then you are liable to pay Rs 5,000 of late fees u/s 234F if your income is more than Rs 5,00,000 otherwise liable to pay Rs 1,000 if your income is less than Rs 5,00,000.
Interest: If you file your income tax return after the due date, you will have to pay interest u/s 234A @1% per month or part month on unpaid tax amount.

Conclusion:

At last, we suggest that you should file your returns before the dues dates otherwise you have to pay penalties. It makes you a responsible citizen of the country and gave also some benefits. We have a team of legal experts. If you have any query regarding this, you can contact company suggestion.