Here's a breakdown of key Income Tax Return (ITR) filing deadlines in India,
For Individuals / HUF’s (whose accounts are not required to be audited):
- For individual/HUF/Firm whose books are not required to be audited under any Act: If you're an individual, HUF, AOP, BOI and don't require an audit, the due date is July 31st of the Assessment Year
Individuals, HUFs, Firms (whose accounts are required to be audited):
- For individual/HUF/Firm whose books are not required to be audited under any Act: If you're an individual, HUF, AOP, BOI and require an audit, due date is 31st October of the Assessment Year (A.Y.)
Missed the Deadline of 31st July?
- Belated Returns: You can still file a belated return until December 31st of the assessment year (for the previous year 2023-24) along with late filing fees of Rs. 5,000 or Rs. 1,000 if taxable income for the financial year is below Rs. 5 lakh and applicable interest as per section 234
Need to incorporate Changes in your ITR?
- Revised Returns: Already filed but discovered an error? You can revise your return until the same deadline for belated returns i.e. December 31st for 2023-24.
Remember:
Timely filing helps you avoid penalties and interest charges
(Refer: Consequences of Filing ITR After the Due Dates)