Due date for filing income tax return for companies ay 2022 23

If assessee is required to furnish a report of transfer pricing (TP) Audit in Form No. 3CEB 30-11-2022 If the assessee is a partner in a firm, who is required to furnish a report of Transfer Pricing (TP) Audit in Form No. 3CEB 30-11-2022 If an Individual is a spouse of a person, being a partner in a firm required to furnish a report of Transfer Pricing (TP) Audit in Form No. 3CEB and the provisions of section 5A apply to such spouse. 30-11-2022 Company assessee not required to furnish transfer pricing audit report in Form No. 3CEB 31-10-2022 If the assessee is required to get its accounts audited under Income-tax Act or any other law 31-10-2022 If the assessee is a partner in a firm whose accounts are required to be audited 31-10-2022 If an Individual is a spouse of a person, being a partner in a firm whose accounts are required to be audited, and the provisions of section 5A apply to such spouse 31-10-2022 In any other case 31-07-2022 Dive Deeper: Author: Taxmann Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava. The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the followin...

ITR Filing Deadline FY 2022-23 (AY 2023-24) Final Day to Filing ITR IRS Tax Due Date The deadline to file income tax returns is the day that the returns must be filed with no penalty or any late fee. Taxpayers who need to file returns beyond the due date will also be required the obligation mainly to settle interest as per Section 234A, as well as penalty mention under Section 234F. It is crucial that all the taxpayers remember that the due date for filing taxes on income. The deadline varies depending on the taxpayer’s classification. For instance, individuals who are mainly a salaried typically have to file their For instance, if your financial year begins on 1 April 2022 to on March 31, 2023, it will be designated by the number FY2022-23. Assessment year of income earned during the period (1st April 2022 until the 31st of March in 2023) will begin when the financial year is over which is 1st April 2022 until the 31st of March in 2023. Therefore the assessment year will begin as AY 2022-23. Therefore the return filing deadline for FY 2022-23 will be the same as that mentioned below. 3 Frequently Answered Questions Income tax filing due dates for FY 2022-23 (AY 2023-24) Category of Taxpayer Due Date for Tax Filing- FY 2022-23 * (unless extended) Individual / HUF/ AOP/ BOI (books of accounts not required to be audited) 31st July 2022 Businesses (Requiring Audit) 31st October 2022 Businesses (Requiring TP Report) 30th November 2022 Important due dates of return filing for F...

ITR filing for AY 22-23: The due date for income tax return (ITR) filing for the financial year 2021-22 or for the assessment year (AY) 2022-23 is fast approaching. Salaried and other earning individuals are advised to file their respective ITRs on time otherwise they might have to pay penalty up to ₹5,000. They penalty will be charged in the form of late fee that a taxpayer will have to pay if they fail to file their ITR by given due date of 31st July 20222. Advising taxpayers to file income tax before the due date, SEBI registered tax and investment expert Jitendra Solanki said, "If an earning individual files Provision for rise in late fee SEBI registered tax and investment expert went on to add that ₹5,000 late fee may become ₹10,000 if the taxpayer fails to file its ₹5,000 is applicable only when the taxpayer files one's ITR after 31st July 2022 but before 31st December 2022. However, he said that maximum late fee for a taxpayer whose taxable income is ₹5 lakh or below ₹5 lakh is ₹1,000.

Tax season is upon us once again, and for individuals and businesses in India, it's time to gear up for filing income tax returns for the assessment year 2023-24. The Income Tax department has set the ITR Filing due date for the assessment year 2023-24, pertaining to income earned in the financial year 2022-23, which is 31-07-2023 The new assessment year will commence on April 1. Typically, the ITR filingdue date is July 31, and it is anticipated that this year the same date will apply. The CBDTreleased the new ITR forms on February 10, which are currently accessible on the Income Tax website. While the government has previously extended the ITR filing due dates for various reasons, it is expected that no extension will be granted this year, particularly due to the CBDT's early notification of the new ITR forms for the assessment year 2023-24. 1. What is Income Tax and what is the deadline to file ITR for FY 2022-23? Income tax serves as a significant revenue source for governments worldwide, playing a crucial role in financing various welfare programs and public services. It is categorized as a direct tax since individuals and entities with taxable income bear the responsibility of directly paying their taxes to the government. The ITR Filing Due Date for the financial year 2022-23 (assessment year 2023-24) is set for 31-07-2023. Meeting this deadline is of utmost importance as it ensures compliance with tax laws, helps avoid penalties, facilitates timely refund claims, p...

In a tweet on Wednesday, the board said: "In consequence of the extension of due date for various reports of audit in the case of assessees referred in clause (a) of Explanation 2 to sub-section (I) of section 139 of the Act to 071h October 2022 by Circular No. 19/2022 dated 30.09.2022, Central Board of Direct Taxes (CBDT), in exercise of its powers under Section 119 of the Income-tax Act,1961 (Act), extends the due date of furnishing of Return of Income under sub-section (1) of section 139 of the Act for the Assessment Year 2022-23, which is 31 st October 2022 in the case of assessees referred in clause (a) of Explanation 2 to sub-section (I) of section 139 of the Act, to 071h November, 2022." CBDT, the tax administration arm of the government, had extended the deadline for filing audit reports by 7 days last month to October 7.

The last day tofile an The IRS will charge interest under Section 234A and a penalty under Section 234F to taxpayers who file their returns after the deadline. What are the Financial Year (FY) and the Assessment Year (AY)? The return you are now filling is for the tax year 2022–2023 (FY 2022–2023), which covers the period from 1 stApril 2022 to 31 stMarch 2023. The assessment year is the time period during which you file your returns and declare your investments for tax assessment for the fiscal year (2022–2023). The assessment year for the income received during the FY (in this case, FY 2022-23)would be the year after that, from 1 stApril 2023 to 31 stMarch 2024. AY 2023–24would be the assessment year as a result. Tax filing deadlines for fiscal years 2022-23 (AY 2023-24) Taxpayer Category Tax Filing Deadline-FY 2022-23 *(unless extended) Individual/HUF/AOP/BOI (audited books of accounts are not necessary) 31stJuly 2023 Businesses (Audit Required) 31stOctober 2023 Businesses that require transfer price reports (for international/specified domestic transactions) 30thNovember 2023 Return Revised 31stDecember 2023 Belated/late return 31stDecember 2023 What happens if you don't file your ITR before the deadline? Interest:If you file your return after the due date, you must pay interest on the unpaid tax amount at 1% each month or part month under Section 234A. Late charge:A late cost of Rs.5,000 is required under Section 234F. If the total income is less than Rs.5 lakh, it wi...

The last day tofile an The IRS will charge interest under Section 234A and a penalty under Section 234F to taxpayers who file their returns after the deadline. What are the Financial Year (FY) and the Assessment Year (AY)? The return you are now filling is for the tax year 2022–2023 (FY 2022–2023), which covers the period from 1 stApril 2022 to 31 stMarch 2023. The assessment year is the time period during which you file your returns and declare your investments for tax assessment for the fiscal year (2022–2023). The assessment year for the income received during the FY (in this case, FY 2022-23)would be the year after that, from 1 stApril 2023 to 31 stMarch 2024. AY 2023–24would be the assessment year as a result. Tax filing deadlines for fiscal years 2022-23 (AY 2023-24) Taxpayer Category Tax Filing Deadline-FY 2022-23 *(unless extended) Individual/HUF/AOP/BOI (audited books of accounts are not necessary) 31stJuly 2023 Businesses (Audit Required) 31stOctober 2023 Businesses that require transfer price reports (for international/specified domestic transactions) 30thNovember 2023 Return Revised 31stDecember 2023 Belated/late return 31stDecember 2023 What happens if you don't file your ITR before the deadline? Interest:If you file your return after the due date, you must pay interest on the unpaid tax amount at 1% each month or part month under Section 234A. Late charge:A late cost of Rs.5,000 is required under Section 234F. If the total income is less than Rs.5 lakh, it wi...

ITR filing for AY 22-23: The due date for income tax return (ITR) filing for the financial year 2021-22 or for the assessment year (AY) 2022-23 is fast approaching. Salaried and other earning individuals are advised to file their respective ITRs on time otherwise they might have to pay penalty up to ₹5,000. They penalty will be charged in the form of late fee that a taxpayer will have to pay if they fail to file their ITR by given due date of 31st July 20222. Advising taxpayers to file income tax before the due date, SEBI registered tax and investment expert Jitendra Solanki said, "If an earning individual files Provision for rise in late fee SEBI registered tax and investment expert went on to add that ₹5,000 late fee may become ₹10,000 if the taxpayer fails to file its ₹5,000 is applicable only when the taxpayer files one's ITR after 31st July 2022 but before 31st December 2022. However, he said that maximum late fee for a taxpayer whose taxable income is ₹5 lakh or below ₹5 lakh is ₹1,000.

If assessee is required to furnish a report of transfer pricing (TP) Audit in Form No. 3CEB 30-11-2022 If the assessee is a partner in a firm, who is required to furnish a report of Transfer Pricing (TP) Audit in Form No. 3CEB 30-11-2022 If an Individual is a spouse of a person, being a partner in a firm required to furnish a report of Transfer Pricing (TP) Audit in Form No. 3CEB and the provisions of section 5A apply to such spouse. 30-11-2022 Company assessee not required to furnish transfer pricing audit report in Form No. 3CEB 31-10-2022 If the assessee is required to get its accounts audited under Income-tax Act or any other law 31-10-2022 If the assessee is a partner in a firm whose accounts are required to be audited 31-10-2022 If an Individual is a spouse of a person, being a partner in a firm whose accounts are required to be audited, and the provisions of section 5A apply to such spouse 31-10-2022 In any other case 31-07-2022 Dive Deeper: Author: Taxmann Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava. The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the followin...

In a tweet on Wednesday, the board said: "In consequence of the extension of due date for various reports of audit in the case of assessees referred in clause (a) of Explanation 2 to sub-section (I) of section 139 of the Act to 071h October 2022 by Circular No. 19/2022 dated 30.09.2022, Central Board of Direct Taxes (CBDT), in exercise of its powers under Section 119 of the Income-tax Act,1961 (Act), extends the due date of furnishing of Return of Income under sub-section (1) of section 139 of the Act for the Assessment Year 2022-23, which is 31 st October 2022 in the case of assessees referred in clause (a) of Explanation 2 to sub-section (I) of section 139 of the Act, to 071h November, 2022." CBDT, the tax administration arm of the government, had extended the deadline for filing audit reports by 7 days last month to October 7.