Search results
People also ask
When is ITR due for FY 2022-23 (Ay 2023-24)?
What happens if you miss the due date for ITR 2022-23?
What is the due date for filing ITR?
When to file income tax return 2022-23 (Ay 2023-24)?
The last date for filing ITR for FY 2022-23 (AY 2023-24) is 31st July 2023. ITR filing on the due date is essential to comply with tax laws, avoid penalties, claim timely refunds, maintain accurate financial records, and facilitate financial transactions.
- When Is The Last Date to File Itr?
- Income Tax Returns
- Consequences of Missing The ITR Filing Deadline
- What If ITR Filing Is missed?
- What Are Financial Year (FY) and Assessment Year (Ay)?
- Important Due Dates For Paying Advance Tax Instalments For FY 2023-24
- TDS Payment Due Dates For FY 2023-24
- TCS Payment Due Dates For FY 2023-24
ITR filing last date for non audit tax payers for Financial Year 2023-24 (AY 2024-25) was July 31, 2024. However, if you miss filing within the due date, you can still file a belated returnbefore December 31, 2024.
The Income Tax Return (ITR) e-filing for FY 2023-24 (AY 2024 -25) has started from 1st April 2024 and the last date to file ITR for FY 2023-24 is discussed below.
Interest
If you submit your return after the deadline, you will be liable to pay interest at a rate of 1% per month or part month on the unpaid tax amount as per Section 234A.
Late fee
In case of late filing, Section 234Fimposes a late fee of Rs.5,000, which shall be reduced to Rs.1,000 if your total income is below Rs.5 lakh.
Loss Adjustment
In case you have incurred losses from sources like the stock market, mutual funds, properties, or any of your businesses, you have the option to carry them forward and offset them against your income in the subsequent year. This provision substantially reduces your tax liability in future years. However, you will not be allowed to carry forward these losses if you miss filing your ITR before the deadline.
Belated Return
If you miss the ITR filing due date, you can file a return after the due date, called a belated return. However, you will still have to pay the late fee and interest charges, and you will not be allowed to carry forward any losses for future adjustments. The last date for filing a belated return is 31st December of the assessment year (unless extended by the government). Therefore, for this year, you may submit the belated return by 31 December 2024 at the latest.
Updated Return
Still, if you miss the 31st December deadline due to unavoidable reasons still you can file the updated (ITR U) return subject to the conditions specified therein. Click here to know more.
The return you will file in the upcoming year is for the income you earned in FY 2023-24, i.e. for the income earned between 1 April 2023 and 31 March 2024. The assessment yearis the review year for FY 2023-2024, where you file your returns and declare your returns by declaring all the incomes, exemptions, deductions, losses etc., already made or i...
Whenever we talk about income tax, there are certain tax formalities that need to be followed within the specified due dates, such as filing income tax returns, paying advance taxon time, etc. The due dates for the payment of advance tax are:
Tax Deducted at Source (TDS)is the tax deducted from the money paid at the time of making specified payments such as salary, rent, commission, professional fees, interest etc. by the persons making such payments The due dates for depositing the tax deducted at source and filing of TDS return for the financial year 2023-24 for deductors is as shown ...
Tax Collected at Source(TCS)is the tax collected by the seller from the buyer on the sale of specified items and deposited by the seller to the Government. For other cases, sellers must deposit the TCS amount within 7 days after the end of the month in which the tax was collected. Tax collectors are required to submit a quarterly TCS return in Form...
- Due date to submit a tax audit report. The last date to submit a tax audit report for a taxpayer is September 30th of the relevant assessment year. The individual should get the book of accounts audited and obtain the audit report by this deadline.
- Due date to file ITR-U. The deadline for submitting ITR-U as of any revisions or amendments to their previously filed returns are: Year. Due Date. FY 20-21 (AY 2021-22)
- Additional tax for filing ITR-U. If you file the updated Income Tax Return (ITR-U): If filed within. Additional Tax. 12 months from the end of the relevant assessment year (AY)
- Upcoming due dates for FY 2023-24 (AY 2024-25) Category of Taxpayer. Due Date. Individuals, HUFs, AOPs, BOIs (not subject to audit) 31st July 2024. Companies, other entities subject to tax audit, and partners in applicable firms.
Aug 15, 2023 · The last date to file Income Tax Return (ITR) for FY 2022-23 (AY 2023-24) without a late fee is 31st July 2023. If a taxpayer fails to file their returns by the due date, they have to pay a penalty as well as interest under the Income Tax Act.
Jul 30, 2022 · The last date to file income tax return for FY 2022-23 (AY 2023-24) is July 31, 2023. This deadline is applicable for taxpayers who are either earning salary or for businesses whose accounts are not required to be audited.
- Preeti Motiani
The last date for ITR filing for FY 2022-23 (AY 2023-24) varies depending on the category of the taxpayer. It is crucial to be aware of the due dates for ITR filing, payment of advance tax, TDS payments, and issuance of TDS certificates to ensure timely compliance with tax regulations.
Jul 19, 2024 · ITR filing last date for AY 2024-25 (FY 2023-24): Due dates for filing income tax returns, TDS, advance tax payments. Stay informed about the important dates and avoid penalties.
?&ck=9CF19F7E34AF20CD2860F6F70C5A2D18&idpp=rc&idpview=singleimage&form=rc2idp "When is ITR due for FY 2022-23 (Ay 2023-24)?1")
?&ck=4C3BA8EF8B0AD10095C859EF3BF72A6F&idpp=rc&idpview=singleimage&form=rc2idp "When is ITR due for FY 2022-23 (Ay 2023-24)?2")
?&ck=73335B4C65E2A27A0BE0027C0F12CB43&idpp=rc&idpview=singleimage&form=rc2idp "When is ITR due for FY 2022-23 (Ay 2023-24)?3")
?&ck=08B76A95C4D6C42186842C7E4DCB9C91&idpp=rc&idpview=singleimage&form=rc2idp "When is ITR due for FY 2022-23 (Ay 2023-24)?4")
?&ck=7F6F0A1F6F2CE6C50FD1DC3488ACAF65&idpp=rc&idpview=singleimage&form=rc2idp "When is ITR due for FY 2022-23 (Ay 2023-24)?5")
