Due Dates for filing Income Tax Return

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Due Dates for filing Income Tax Return

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 taxpayers and due dates for filing Income Tax Return (ITRs) for FY 2020-21 and AY 2021-22.

Category of Taxpayer

AY 2021-22

AY 2020-21

Individual

30th Sep 2021

10th Jan 2021

Hindu Undivided Family (HUF)

30th Sep 2021

10th Jan 2021

Association of Persons (AOP)

30th Sep 2021

10th Jan 2021

Body of Individuals (BOI)

30th Sep 2021

10th Jan 2021

Businesses with Audit Requirement

30th Nov 2021

15th Feb 2021

Tax Audit Report – 31st Oct 2021

Tax Audit Report -15th Jan 2021

Businesses with TP Report Requirement

31st Dec 2021

15th Feb 2021

Transfer Pricing Report – 30th Nov 2021

Transfer Pricing Report – 15th Jan 2021

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 the Individual assessee whose books of accounts are not subject to audit u/s 44AB is 30th September 2021 for AY 2021-22.

Hindu Undivided Family:

The due date for filing tax returns of HUF assessee is 30th September 2021 for AY 2021-22.

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

The due date for filing the tax return of AOP or BOI  is 30th September 2021 for AY 2021-22.

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 persons is an AOP. An AOP will be only where they associate themselves in an income-generating activity. In the 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.

Partnership Firm

The due date for filing tax returns of Partnership Firm not subject to tax audit u/s 44AB  is 30th September 2021 for AY 2021-22.

Limited Liability Partnership (LLP)

The due date for filing tax returns of Limited Liability Partnership (LLP) not subject to tax audit u/s 44AB  is 30th September 2021 for AY 2021-22. 

Co-operative Societies

Co-operative societies are mandatorily required to get their accounts audited, the due date of filing a tax return is 30th September 2021 for AY 2021-22. 

Corporates

The due date for filing the tax return by the companies not subject to tax audit u/s 44AB is 30th September 2021 for AY 2020-21.

Businesses with Tax Audit Requirements

For any business which is required to get its accounts audited under section 44AB of the Income Tax Act

  • the due date for furnishing the tax audit report is 31st October 2021.
  • the due date for furnishing return of income is 30th November 2021.

Businesses with Transfer Pricing Requirements

For any business which involves cross-border transactions and is required to file a Transfer Pricing Report under section 92E the Income Tax Act,

  • the due date for furnishing the transfer pricing report is 30th November 2021.
  • the due date for furnishing return of income is 31st December 2021.


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About CA Janhavi Phadnis 79 Articles
Chartered Accountant and financial consultant. She has worked with corporates for 14 years with expertise in Forex-Treasury, Accounting, and Corporate Tax. She can be contacted at info.financepost@gmail.com

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.

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