Skip to content

Income Tax Returns

Income Tax Returns

It is mandatory for every taxpayer to communicate the details of his income to the Income- tax Department. These details are to be furnished in the prescribed form known as return of income.

As per Section 139 (1) of Income Tax Act 2013

Every person, —
(a) being a company or a firm; or
(b) being a person other than a company or a firm, if his total income or the total income of any other person in respect of which he is assessable under this Act during the previous year exceeded the maximum amount which is not chargeable to income-tax, shall, on or before the due date, furnish a return of his income or the income of such other person during the previous year, in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed. 

Income Tax Filing Due Dates

Category of TaxpayerDue Date for Tax Filing
Individual / HUF/ AOP/ BOI
(books of accounts not required to be audited)
31st July
Businesses (Requiring Audit)31st October
Businesses requiring transfer pricing reports
(in case of international/specified domestic transactions)
30th November
Revised return31 December
Belated/late return31 December

Penalty For Non-Filing of Income Tax Returns

If you fail to file an income tax return within the due date, a belated return can be filed. However, a penalty of up to Rs.5,000 for late filing will be charged for filing belated returns. If the total income of the person is less than Rs.5 lakh, then the fee payable is Rs.1,000

Professional Assistance

CA/CS Assisted

    Charges For Income Tax Return Filing in India

    OUR PACKAGES

    Category of TaxpayerCHARGES
    Salaried Individual + Capital Gain and Loss (except Bitcoin Income /Losses)₹1299/-
    Businesses (Non-Audit)₹1999/-
    Businesses (Audit)₹4999/-
    Revised return₹799/-