The date due for filing Income Tax Returns for a 2017-2018 financial year for Individuals was 31st August 2018. The due dates for the Financial Year 2017-2018 are listed in the following table:
|Taxpayer Category||Date Due for Tax Filing – FY 2017-18|
|Individual||31st August 2018|
|The body of Individuals (BOI)||31st August 2018|
|Hindu Undivided Family (HUF)||31st August 2018|
|Association of Persons (AOP)||31st August 2018|
|Businesses (Requiring Audit)||30th September 2018|
|Businesses (Requiring TP Report)||30th November 2018|
(This table represents the income tax return for the 2017-18 financial year. It applies to income earned from 1st April 2017 to 31st March 2018).
I. When you receive your salary, you only need to upload the Form-16, and CompanyVakil will help to prepare your return automatically and assist you to finish e-filing quickly.
II. If you are a small business holder, freelancer or you run a home-based business, CompanyVakil is the most accessible place to e-file your ITR-4. We have a team of certified CAs who help to prepare and file your income tax return electronically.
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Income tax return filing for the year 2018– Important Due Dates
As regards to income tax, there is a variety of necessary tax paperwork that needs to be filled by the individual within the specified due dates. Therefore the filing of income tax returns and paying advance tax must be done on time.
Below is the TAX CALENDAR for 2018. This calendar comprises of important Tax Due and dates for income tax return filing for the year 2018. TAX CALENDAR 2018
|Due Date||Tax Due|
|15th March 2018||
|15th June 2018||The due date for the First Advance Tax instalment for the year 2018-19|
|31st August 2018||Date due for filing Income tax return for the year 2017-18 for all individuals except i. Companies ii. Non-Companies that requires auditing of their books iii. Working partner of a firm whose books are required to be audited|
|15th September 2018||Date due for the Second instalment of Advance Tax for the year 2018-19|
|30th September 2018||Date due for filing Income tax return /Audit report for the year 2017-18 for the following: i. Companies ii. Non-Companies that requires auditing of their books|
|30th November 2018||i. The date is due for filing 2017-18 Audit report in the case of persons who need to submit a report as it relates to international or specified domestic transactions under section 92E ii. The date is due for filing the report to be supplied in Form 3CEB as regards to international and specified domestic transactions iii. The date due for filing Income-tax Return for the financial year 2017-18 for the taxpayers mentioned above|
|15th December 2018||The date due for the third repayment of Advance Tax for the financial year 2018-19|
Furthermore, it would be appropriate to note that if the date due for filing the original return of income is missed, the taxpayer can file a late return called a belated return for the financial year 2017-18 on or before 31 March 2019.
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If you have missed the due date for filing your return, you are still allowed to file it before 31st Dec 2018 by paying a late fee of Rs 5,000. However, if you are filing after 31 December 2018, you will need to pay a late fee of Rs 10,000. Note also that the time frame for filing belated result for the financial year 2017-18 expires on 31 March 2019.
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