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Due date of filling of Income Tax Return
AY 2022-23
It is mandatory for every taxpayer to communicate the details of his income to the Incometax Department. These details are to be furnished in the prescribed form known as return of income. The due date of filing return of income is :
| ASSESSEE | DUE DATE | |
| (i) |
If the assessee, is- (a) A company, (b) a person (other than a company) whose accounts are required to be audited under the Income-taxAct,1961 or any other law in force; or (c) a partner of a firm whose accounts are required to be audited under the Income-tax Act, 1961 or any other law for the time being in force. |
31st October of the assessment year i.e 31.10.2022 |
| (ii) | In the case of an assessee including the partners of the firm or the spouse of such partner (if the provisions of section 5A applies to such spouse), being such assessee who is required to furnish are port referred to in section 92E | 30th November of the assessment year i.e 30.11.2022 |
| (iii) | In the case of any other assessee like individual/ HUF /AOP/ BOI | 31st July of the assessment year i.e 31.07.2022 |
What if you missed filing the return within the due date?
If the due date for filing the original return of income is missed, one can file a return later after the due date, called a belated return. The income tax department also specifies the due date of filing the belated return. This date is now reduced by three months to 31st December of the assessment year (unless extended by the government).
However, a penalty of Rs 5,000 will be charged for the delay in filing of return. But if the total income of the person is less than Rs 5 Lakh, then the fee payable is up to Rs 1,000.
For more details, Please watch our video
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