Currently, the income tax filing month is underway in the nation, with the final date being 31 July 2023. For taxpayers who usually are not topic to audit for the evaluation 12 months 2023-24, the deadline for filing their Income Tax Return (ITR) can also be 31 July. However, various kinds of assessees in the nation have various final dates for ITR filing. Here is a complete checklist that can assist you decide your filing deadline.
Find out the final date for ITR filing based mostly in your scenario:
Taxpayers whose accounts usually are not audited: The final date for filing returns is 31 July 2023.
Taxpayers required to file Transfer Pricing (TP) audit report (Form No. 3CEB): The final date for ITR filing is 30 November 2023.
Partners in a agency topic to TP audit (Form No. 3CEB): The final date for ITR filing is 30 November 2023.
Spouses of companions in a agency topic to TP audit (Form No. 3CEB): The final date for ITR filing is 30 November 2023. Additionally, if the husband or spouse is topic to part 5A, the deadline stays 30 November 2023.
Companies not requiring TP audit (Form No. 3CEB): The final date for ITR filing is 31 October 2023.
Accounts audited beneath the Income Tax Act or another legislation: The final date for ITR filing is 31 October 2023.
Partners in a agency with audited accounts: The final date for ITR filing is 31 October 2023.
Individuals who’re the partner of an individual with a agency topic to audit and falling beneath part 5 provisions: The final date for ITR filing is 31 October 2023.
For all different circumstances (primarily salaried taxpayers and people not requiring audit), the final date for ITR filing is 31 July 2023, i.e., the present month’s deadline.
Important issues for taxpayers:
It is beneficial that every one taxpayers file their ITR earlier than the final date to keep away from late charges or penalties.
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