What is the due date of filing your ITR aka Return of Income?
What is the due date of filing your ITR aka Return of Income?
There are only 3 due dates for filing income tax returns - July 31, October 31 and November 30. Read this ripple to find out the due date that applies to you.
If you file your ITR after the due date, it becomes a belated return of income.
You may not grab the benefits offered by the government if you don't file your return in time.
If you pay taxes after the due date, then you will have to pay interest and penalty along with the late fee for filing the return of income.
Check out the due dates for various forms of returns below.
Category A: Persons - whose books need not be audited
The due date for category A is 31st of July.
Category B - Persons - whose books must be audited
- The due date for category B is 31st of October.
Category C - Persons - covered under transfer pricing audit
If, during the year, you transacted with your related parties (domestic or international) above a specified value, then you get covered under transfer pricing provisions. As a result, you should get transfer pricing audit done and file form 3CEB under section 92E (of Income Tax Act, 1961) and then your income tax return with the Income tax department.
The due Date for category C is 30th of November.
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