Concept of income tax return (ITR) – Income Tax Return Last Date

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 Concept of income tax return (ITR) :

It is a form prescribed by the income tax department through which the income earned by a person/individual in financial year and taxes paid on such income are file. The forms are known as ITR forms. And one can download all ITR forms through the income tax website for manual filing and another website for e-filing that means filing through online (internet). Every Person If he or she missed the date, then He or she wants to know about the Income Tax Return Last Date.

Also Read: How can I file my income tax return 2020?

The filing of income tax return is not only mandatory but also the legal obligation of every person whose total income exceeds the exemption limit of income during the previous year.

Concept of income tax return (ITR) – Income Tax Return Last Date

Filing of income tax returned sec 139(1) is mandatory for :-

  • Claiming an income tax refund

  • Carry forward of losses under the head of income

  • If gross total income exceeds the maximum exemption limit ( w.e.f. A.Y. 2020-21)

(यदि सकल कुल आय अधिकतम छूट सीमा से अधिक है (w.e.f. A.Y. 2020-21)

Individual less than 60yrs =                               Rs. 2, 50,000

Senior citizen (60yrs -80yrs) =                          Rs. 3,00,000

Super senior citizen (80yrs –above) =               Rs. 5, 00,000

  • For a company or firm whether it has income or loss during financial year

  • When an ordinary resident who has an assets or financial interest in an organization situated outside of India.

  • It is required at the time of applying for a loan or visa.

Income Tax Return Last Date:-

1.      For  a company

2.      For a person( except company) whose account are required to be audited

3.      A working partner of a firm whose account are required to be audited



Sept. 30 of assessment year

1.      Any person (corporate or non-corporate) who is required to furnished a report u/s 92E


Nov. 30 of the Assessment year


1.      Any other assessee

July 31 of the assessment year


Late fine on delay in filing of income tax return ( Sec 234F )

With effect from A.Y. 2018-19 and onwards if any assessee failed to filing the income tax return before the specific due date, then he/she will must liable to pay following fees.

  • Late fees of Rs. 5,000 up to 31st Dec of the assessment year

  • And Rs. 10,000 after that

        Note: – if the income doesn’t exceed Rs. 5,00,000 ,then late fine fee of an assessee will not exceed Rs. 1,000

Can an employee file an income tax return himself ?

Yes, with effect from 1st April 2002, finance act 2002 has made  an amendment that Any person who is individual receipt income chargeable under the head of salary can furnished a return of his income for any previous year.


From the above discussion it can be concluded that ITR is not only a tax imposition but also a social obligation for all persons. It can be filed either offline or online in india. That has a specific date to filing income tax return. After passing of that due date the assessee will have to deposit the fine amount. In India, an employee can file an income tax return himself.

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