ALL ABOUT THE DUE DATES OF BELATED AND INCOME TAX RETURNS

Due date for filing of Belated Returns

Income tax authorities are sending reminders through mails and SMS, regarding your returns pending for filing, if you have received the same you might need to file your income tax return within due date,

So, here we are explaining when you are responsible to file the return:

1. If you are salaried employee with salary income more than 5,00,000/- (after adjusting all deductions) or having any other income including saving bank interest more than 10,000/-.

2. If your income (for other than salaried employees) is more than minimum exemption limits i.e. 2,50,000/- (Individual), 3,00,000/- (Senior Citizen) & 5,00,000/- (For super Senior citizen)

3. You have any loss and want to carry forward the same to future years.

4. If required from revenue authorities.

So, above are the situations where it is mandatory to file ITR

Due Date of filing of Income tax Returns

For Business & Assessee under any Statutory Audit requirements: 30th September

For others : 31st July

Important Note:  31st March 2018 is the last date for filing old returns :

So, whether you have received any intimidation or not, if you are falling under any of the above category, you have to file the ITR within due date, and for old returns 31st March 2018 is the last date.

We hope you found this article helpful. If you need any help to file ITR, please contact us.