Due-dates for ITR Filing Online for FY 2022-23

[Ishita Ramani]

The Income Tax Department has introduced seven different forms, namely Form ITR 1 to ITR 7, for filing Income Tax Return based on the type of income and entity. It is crucial for every taxpayer to file their Income Tax Return within the stipulated due date. In this article, we have compiled all the essential ITR Filing Due Dates for Individuals, Companies, LLPs, Firms, and HUFs for the Financial Year 2022-23 (Assessment Year 2023-24).

What is an Income Tax Return (ITR) Filing?

An Income Tax Return or ITR is a document that taxpayers must file with the Income Tax Department, declaring their taxable incomes from all sources, along with eligible deductions and tax payments. The process of filing this form is called ITR Filing or Income Tax Return filing. It is mandatory for all taxpayers, regardless of the Accounting Year adopted, to file an Income Tax Return for a particular Financial Year (i.e., April to March).

ITR Filing for Private Limited Company and One Person Company

• Every company, including Private Limited Companies and One Person Companies, must file their Income Tax Return every year, irrespective of the amount of income or loss, in Form ITR 6.
• However, companies claiming exemption under section 11 are not required to file an Income Tax Return.
• Additionally, all companies are required to file an Income Tax Return in Form ITR 7 under section 139(4A) or 139(4B) or 139(4C) or 139(4D).

Due dates for ITR Filing for Companies (Private Limited Companies & OPCs) for FY 2022-23 (AY 2023-24):

• For Companies that do not require Audit, the due date for ITR Filing for FY 2022-23 is 31st July 2023.
• For Companies that require audit, the due date for ITR filing for FY 2022-23 (AY 2023-24) is 31st October 2023.
• The due date for Tax Audit Report filing is 30th September 2023.

ITR filing for Limited Liability Partnership (LLP) for FY 2022-23

• Every Limited Liability Partnership (LLP) is required to file an Income Tax Report, irrespective of the amount of income or loss, in Form ITR 5 for a particular Financial Year.

Due dates for ITR Filing for LLPs for FY 2022-23 (AY 2023-24)

• For LLPs that do not require Audit, the due date for ITR Filing for FY 2022-23 is 31st July 2023.
• For LLPs that require audit, the due date for ITR filing for FY 2022-23 (AY 2023-24) is 31st October 2023.
• The due date for Tax Audit Report filing for LLPs requiring audit is 30th September 2023.

Income Tax return for Firms and HUF

• Partnership Firms, Sole Proprietorship Firms, and HUFs having a total income of up to 50 lakhs and income from the business and profession computed under section 44AD, 44DA, or 44AE need to file their Income Tax Return in Form ITR 4.
• The Hindu Undivided Families (HUFs) also need 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 2022-23 (AY 2023-24)

• The due date for Income Tax return filing for Firms and HUFs for FY 2022-23 is 31st July 2023.

Table showing the Due dates for Income Tax Return and Audit report filing for different categories of taxpayers for FY 2022-23 (AY 2023-24)

Category of Taxpayer	Due Date for ITR filing for FY 2022-23	Due date to file audit report for FY 2022-23
Businesses (Audit cases including Private Limited Company, OPC, LLPs, and firms)	31st October 2023	30th September, 2023
Business (Non-Audit cases including Private Limited Company, OPC, LLPs, and firms)	31st July 2023	–
Association of Persons (AOP)	31st July 2023	–
Body of Individuals (BOI)	31st July 2023	–
Individual	31st July 2023	–
Trusts, colleges, political parties (Audit Cases)	31st October 2023	30th September, 2023
Trusts, colleges, political parties (Non-Audit Cases)	31st July, 2023	–
Report to be filed u/s 92E	31st October 2023	–
Furnishing of Income Tax Return in case of Transfer Pricing	30th November, 2023	–
Revised Return	31st December, 2023	–
Belated/Late Return	31st December, 2023	–

Taxpayers in India should take note of the due dates mentioned above for filing Income Tax Returns for the Assessment Year 2023-24 (Financial Year 2022-23). Nevertheless, it should be noted that these dates are subject to change or extension based on the notifications by the Income Tax Department of India.

Discussions to this article

[Pradeep Gadhiya]

Business (Non-Audit cases including Private Limited Company, OPC, LLPs, and firms) - Due date seems to be wrong.

Company Due Date is 31st October (if TP not applicable)