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Due Date or Time for Filing Return of Income [Section 139(1)]

Different Situations Due Date of Submission of Return of Income

1. Where the assessee is required to furnish a report under section 92E pertaining to international or specified domestic transaction(s)

(i.e. where a person has entered into an international transaction or specified domestic transaction aggregating to an amount exceeding Rs. 5 crore/ 20 crore as the case may be)

November 30
2. Where the assessee is a company [not having international or specified domestic transaction(s)] September 30
3. Where the assessee is a person other than a company [not having international or specified domestic transaction(s)]  
  • In case where accounts of the assessee are required to be audited under any law
September 30
  • Where the assessee is a “working partner” in a firm whose accounts are required to be audited under any law
September 30
  • In any other case
July 31

Note:

  1. Where the last day for filing return of income or loss is a day on which the office is closed, the assessee can file the return on the next day afterwards on which the office is open and, in such cases, the return will be considered to have been filed within the specified time limit—

  2. Due date of furnishing return of income in case of a non-working partner shall be 31st July of the assessment year whether the accounts of the firm are required to be audited or not.

  3. A working partner for the above purpose shall mean an individual who is actively engaged in conducting the affairs of the business or profession of the firm of which he is a partner and is drawing remuneration from the firm.

  4. In case of firm whose accounts are not required to be audited under this Act or any other law, the last date for furnishing the return by the firm as well as partners (whether working or non-working) shall be 31st July of the assessment year.

CONTENT : Return of Income and Procedure of Assessment (Section 139 to 154)

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