Due dates for filing Income Tax Return

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The due dates for filing return of income are as follows:

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Companies 30th September
Any person (other than companies), whose accounts are to be audited and the working partner of a firm whose accounts are to be audited  30th September; In all other cases 31st Ju​ly​

 

In case of an assessee having an international transaction or specified domestic transaction(s) who is required to furnish a report in Form No. 3CEB the due date is 30th November.

However, due date for the assessment year 2014-15 for filing of return of income by an assessee (not having any international or specified domestic transaction) (a) whose books of accounts are liable to be audited under section 44AB; or (b) who is a working partner of a firm whose accounts are required to be audited under section 44AB has been extended to 30th November 2014 vide ORDER [F.NO. 153/53/2014-TPL], DATED 26-09-2014.​

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Can Income Tax Return be filed after Due Date?

Yes, if one could not file the return of income on or before the prescribed due date, then he can file a belated return. A belated return can be filed within a period of one year from the end of the assessment year or before completion of the assessment, whichever is earlier. Return filed after the prescribed due date is called as a belated return.

E.g., In case of income earned during FY 2013-14, the belated return can be filed up to 31st March, 2016. However, if return is filed after 31st March, 2015, penalty under section 271F (as discussed in previous FAQ) can be levied.​

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Consequences For Late Filing

​​​If you have not furnished the return within the due date, you will have to pay interest on tax due. If the return is not filed up to the end of the assessment year, in addition to interest, a penalty of Rs. 5,000 shall be levied under section 271F​​.

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