➡ Click here: Itr filing last date
However, dormant accounts which have been in use for the past three years or more need not to be mentioned. A report in the Nav Bharat Times said such agents are illegally charging hundreds of rupees under the of the service charge. This procedure of filing income tax returns is referred to as income tax filing.
The due date for filing the ITR remains same for the FY 2016-17 as was for the FY itr filing last date i. Other documents Other than Form 16, you should also have your ring statements, interest certificates, and your housing loan certificate in case of housing loan. Read: Every person whose gross total income exceeds the taxable limit must file an income tax return, the Income Tax Department has said. Filing Income Tax Return Due Dates for FY 2017-18 AY 2018-19 Between are the different category of taxpayer viz. I am in dilemma. New Delhi: Giving a huge relief to taxpayers, the Finance Ministry announced on Thursday that the income tax returns filing deadline for assessment year 2018-19 has been extended by a month to August 31 for met categories. No provision to revise returns: Also, there is no window to file a revised return. Refund generated on processing of return of income is currently credited directly to the bank accounts of the tax-payers.
Filing Income Tax Return Due Date for AY 2018-19 Audit Cases Due date of filing the Income Tax Return by Assesse is 30th September 2018. You will have to keep the Form 16, which you got from their employer handy.
ITR filing date extended to October 31 - And my company have paid income tax for that funds as well.
It makes sense to file your return before the due date, ideally well in advance to avoid last-minute rush and glitches. Filing a tax return after the due date is known as belated tax return and in such cases some of the benefits get seized. If you fail to file your tax return before due date, you can still file a belated return till 31 March of the same assessment year AY. So if you fail to file returns for the current AY19 till 31 July, you can file a belated return till 31 March 2019. However, you will have to pay a late fee at the time of filing returns. Interest payment: You are also supposed to pay interest under Sections 234A, 234B and 234C of the Income Tax Act, 1961 on due taxes each month until you file returns. Setting off losses not allowed: You are not allowed to carry forward certain losses to subsequent years for set-off. For instance, capital losses can be carried forward for the next eight AYs and can be adjusted against gains during these years, but only if the return is filed by the due date. No interest on refund: If any tax refund is due to you and you file the return in time, you can earn interest on refund claim, that is, the excess tax paid on your income during the year as per Section 244A. However, in case of belated returns, you may lose the interest that would be due on the refund amount. No provision to revise returns: Also, there is no window to file a revised return. This is because filing a revised return is allowed only when original return has been filed within the due date. It makes sense to file your return before the due date, ideally well in advance to avoid last-minute rush and glitches.