Due Dates Of Return

Due Dates Of Return

A) Due Date of filing income tax return is 31st July if,

Any individual or HUF Earning

a) Salary
b) Income from other Source
c) House property Income
d) Income from capital gain and
e) Business income with turnover less then 1 crore

B) Due date of Filing income tax return is 30th september

a) Salary
b) Income from other Source
c) House property Income
d) Income from capital gain and
e) Business income with turnover MORE then 1 crore , since 44AB (Tax Audit) is applicable however.

C) For Filing Return of any Company, the Due date is 30th September

**********PLEASE NOTE************

44AB (Tax audit) is applicable if any individual or HUF earning Business income more then 1
crore however, in case of professionals like CA or Doctor etc is applicable if their bussiness/
professional income is more then  25 lac hence, Due date filing return is 30th September

**********NOTE END************

It is pertinant to note that the tax consultant should always insist his client to file tax audit
(44AB) Return on or before 30th September prior to anyother return so as to save him from
maximum penalty of rs. 150000/-or 1% of one crore, other return could be delayed as the penalty
portion is very less as compare to Tax Audit Return