Income Tax Department has notified 7 various forms up till now i.e. Form ITR 1 to ITR 7 for filing Income Tax Return for different types of income and different types of entities. It is important that every taxpayer should file his/her Income Tax Return on or before the specified due date. In this article, we have mentioned all the Important ITR Filing Due dates for individual, companies, LLPs and Firms, and HUFs for the FY 2021-22 (AY 2022-23).
Income Tax Return or ITR as we may call it is a form where all the taxpayers has to declare their taxable incomes from all the sources. Not only this but the taxpayer shall also have to mention all the eligible deductions and tax payments if any, in the IT Return Form. Filing of this form with the Income Tax Department is call ITR Filing or Income Tax Return filing. Irrespective of the Accounting Year adopted by a taxpayer, he/she needs to file an Income Tax Return for a particular Financial Year (i.e. April to March).
Due dates for ITR FIling for Companies (Private Limited Companies & OPCs) for FY 2021-22 (AY 2022-23) For the Companies that does not require Audit the due date for ITR Filing for FY 2021-22 is 31st July, 2022. The due date for ITR filing for FY 2021-22 (AY 2022-23) for the companies that require audit is 31st October, 2022. The due date for the Tax Audit Report fling is 30th September, 2022.
Income Tax return for Firms and HUF Partnership Firms, Sole Proprietorship Firms and HUFs having total income of up to 50 lakhs and having income from the business and profession which is computed under section 44AD, 44DA or 44AE needs to file their Income Tax Return in Form ITR 4. The Hindu Undivided Families (HUFs) also needs to file Form ITR 3 and ITR 2 for having and not having income from the profit and gains from the business or profession respectively. Due dates for ITR FIling for Firms and HUFs for FY 2021-22 (AY 2022-23) The due date for Income Tax return filing for Firms and HUF for FY 2021-22 is 31st July, 2022.
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