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

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)

• In case where accounts of the assessee are required to be audited under any law

• Where the assessee is a “working partner” in a firm whose accounts are required to be audited under any law

• In any other case

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.

Related Topics... Return of Income and Procedure of Assessment

• 1. Submission of Compulsory Filing of 'Return of Income' as a Statutory Obligation (Section 139)
• 2. Return Form and Manner of Furnishing Return of Income (Rule 12)
• 3. Filing Return of Loss [Section 139(3) read with Section 80]
• 4. Belated IT Return which is Filed beyond Time [Section 139(4)]
• 5. Revised IT Return [Section 139(5)]
• 6. Defective or Incomplete IT Return [Section 139(9)]
• 7. Submission of IT Returns through Tax Return Preparers (Section 139B)
• 8. Income Tax Return by Whom to be Verified (Section-140)
• 9. Self-Assessment of Income (Section-140A)
• 10. Inquiry before Assessment of Tax (Section-142 or 142A)
• 11. Processing of Income Tax Return [Section 143(1)]
• 12.Regular / Scrutiny Assessment - of Return of Income [Section 143(3)]
• 13. Income Escaping Assessment (Section 147)
• 14. Time Limit for Completion of all Assessment and Re-Assessment of Return of Income (Section 153)
• 15. Rectification of Mistakes in any Order passed by the Accessing Officer (Section 154)