Income tax return filling due dates for an individual

Income tax return filling due date is the date before which every individual has to file his or her income tax return. Failure to that will attract penal provisions as specified in IT act.

In this article, we will be discussing income tax return filling due dates for an individual as per the IT Act applicable in India.

According to IT act, two due dates are applied for filling income tax return. One is for those who are not liable to IT audit and the other one is for those who are liable to Tax audit.

An individual has to get his accounts audited when his turnover exceeds the limit of Rs.1 crore for a financial year. If that individual is getting his income from his or her profession then the limit is Rs. 60 Lakhs.

Income tax return filling due dates for an individual

IT return filling Due dates if tax audit is not required

Those persons who are into job or not within the limit that is specified above will fall into this category. For those the due date is 31st July 2014. if in between CDBT has decided to extend the date then the new date as extended will the treated as the due date of filling your income tax return. Till date it has not yet been extended.

IT return filling Due dates if tax audit is required

If you are into this category then your accounts are required to be audited by a charted accountant who is in practice. For audit purpose, the due date is 31st September.

If any individual has not filled his or her income tax return before this date as mentioned above then he or she will be liable for penal provision. Penal provisions also have exceptions which will be covered later in out article.

Snapshots for Due Date of Filling Income Tax Return

Particulars Due dates of filling income tax return
Individual who is liable to income tax 31st July
Individual who is liable to income tax and also to tax audit 30th September

 

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