Ad

Due Dates for filing Income Tax Return

Ad
Share This Article
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Due Dates for filing Income Tax Return

Update: Due date for filing tax returns extended till 31st August 19 for assessees whom the due date of 31st July 19 was applicable.

The Income-tax department in Sec 139 on the Income Tax Act has mandated due dates for filing the income tax returns based on the type of the assessee or taxpayer. Let’s understand the different categories of Tax-payers and Due Dates for filing Income Tax Return (ITRs) for FY 2018-19 &  for AY 2019-20.

Ad
Category of Taxpayer Due Date for ITR Filing – FY 2018-19 / AY 2019-20
Individual 31st July, 2019 (extended till 31st Aug 19)
Hindu Undivided Family (HUF) 31st July, 2019 (extended till 31st Aug 19)
Association of Persons (AOP) 31st July, 2019 (extended till 31st Aug 19)
Body of Individuals (BOI) 31st July 2019 (extended till 31st Aug 19)
Businesses with Audit Requirement 30th September 2019
Businesses with TP Report Requirement 30th November 2019

The various categories in which taxpayers are categorized include:

  • Individuals:

Individuals include all the people having taxable income / PAN in their individual capacity; like salaried people, Self-employed people, senior citizens, minors etc. The due date for filing tax returns of Individual assessee is “31st July 2019” for Financial Year 2018-19 or Assessment Year 2019-20.

Exception: The above due date does not apply to a few individuals who own/run a business which is subject to “Audit”. There has been a different due date of filing the tax return of such persons. Please see below for more details.

For example, In case of a partner whose partnership firm is liable to audit u/s 44AB, then the due date for filing the partner’s individual tax return will not be 31st July but will be 30th September i.e. same as the due date of filing return by the partnership firm.

Kindly note that individuals covered under Presumptive Taxation are also required to file tax returns on 31st July.

(Click here to read about Presumptive taxation scheme u/s 44 AD and Presumptive Taxation for Professionals under section 44ADA )

Update: Due date for filing tax returns extended till 31st August 19 for assessees whom the due date of 31st July 19 was applicable.

  • Hindu Undivided Family:

The due date for filing tax returns of HUF assessee is “31st July 2019” for Financial Year 2018-19 or Assessment Year 2019-20.

Exception: Only in case of HUFs who own a business which is subject to “Audit” has a different due date of filing the tax return. Please see below for more details.

Kindly note that HUFs covered under Presumptive Taxation are also required to file tax returns on 31st July.

(Click here to read about Presumptive taxation scheme u/s 44 AD)

Update: Due date for filing tax returns extended till 31st August 19 for assessees whom the due date of 31st July 19 was applicable.

  • Association of Persons (AOP) / Body of Individuals (BOI):

The due date for filing tax return with respect to the Financial Year 2018-19, by any AOP or BOI is “ 31st July 2019”.

An AOP is a group of people (i.e. individuals, HUF, companies, firms, etc.) who come together for a common purpose. This doesn’t mean that every combination of person is an AOP. An AOP will be only where they associate themselves in an income generating activity. In case of income of AOP, the AOP alone shall be taxed and the members of the AOP cannot be taxed individually in respect of the income of the AOP.

A BOI means a group of individuals (and individuals only) who come together for a common purpose whether or not to earn income.

Update: Due date for filing tax returns extended till 31st August 19 for assessees whom the due date of 31st July 19 was applicable.

  • Businesses with Audit Requirements

Any business which is required to get its accounts audited under the Income Tax Act, then the due date for filing the ITR is 30th September 2019.

 

  • Businesses with Transfer Pricing Requirements

Any business which involves cross border transactions and is required to file Transfer Pricing Report under the Income Tax Act, then the due date for filing the ITR is 30th November 2019.

  • Corporates:

The due date for filing the tax return by the companies is 30th September 2019.

In case the company has various cross border transactions and has a requirement of Transfer Pricing policy/report, the due date for filing is 30th November 2019.

 

Frequently asked Questions

  • What is the due date to file a tax return by a partnership firm? 

Ans: A partnership firm is required to file ITR by 31st July 2019. However, if the partnership firm is required to get its accounts audited u/s 44AB or is required to file transfer pricing report, then the due date for filing the tax return is 30th Sep 2019 or 30th Nov 2019 as the case me.

Update: Due date for filing tax returns extended till 31st August 19 for assessees whom the due date of 31st July 19 was applicable.

  • What is the due date to file a tax return by LLP? 

Ans: An LLP is required to file ITR by 31st July 2019. However, if the LLP is required to get its accounts audited or is required to file transfer pricing report, then the due date for filing the tax return is 30th Sep 2019 or 30th Nov 2019 as the case me.

Update: Due date for filing tax returns extended till 31st August 19 for assessees whom the due date of 31st July 19 was applicable.

  • What is the due date to file a tax return by Co-operative Societies?

Ans:  Since the co-operative societies are mandatorily required to get its accounts audited, the due date of filing a tax return is 30th September 2019.

 

The article is compiled by CA Janhavi Phadnis. If you have any queries concerning the above article. Please write to us either in the comments section below or email us on info.financepost@gmail.com.

Disclaimer: Anyone relying on it is expected to take adequate professional care before using/implementing the content of the article. The website will in no case be liable for any damages incurred by relying on the content without adequate consultation.
Disclaimer: The views expressed in the above article is exclusive to the author. Anyone relying on it is expected to take adequate professional care before using/implementing the content of the article. The website/author will in no case be liable for any damages incurred by relying on the content without adequate consultation.
Ad
Ad

2 Comments

  1. Due date for filing of returns for company will be 30th September or Nov. only when it is subjected to audit or transfer pricing audit.

    If company accounts are not audited ( new formed co. Allowed to file first financial of 15 months ) due date will be 31st July.

    • The companies are mandatorily required to get it’s account audited. Hence the due date for filing ITR will remain as 30th Sep.

Leave a Reply