Income tax due dates for FY 2017-18 (AY 2018-19)

Income tax Due dates

Due Dates of Income tax as applicable for FY 2017-18 (AY 2018-19)

(A) Due date for filing Income tax Return

Category Sub-Category Due date
Individual & HUF whose accounts are required to be audited u/s 44AB (ITR-3) 30th September 2018
A working partner where the firm in which he is a working partner has to get its accounts audited u/s 44AB. (ITR-2) 30th September 2018
who is required to furnish report u/s 92E 30th November 2018
 Other Individuals or HUF (ITR-1 or ITR-2 or ITR-4-Sugam)  31st July 2018 (extended to 31st August) Click Here to download notification.
 Firms, LLP, AOP, BOI, AJP, HUF, Co-op. Society , Local authority If required to get its accounts audited under income tax law or any other law (ITR-5) 30th September 2018
If not required to get its accounts audited (ITR-5) 31st July 2018 (extended to 31st August) Click Here to download notification.
 Company Any Corporate Assessee (ITR-6) 30th September 2018
 Trust, Colleges, political parties Trust, Political parties and colleges etc who are required to file return u/s 139(4A), 139(4B), 139(4C) or 139(4D) (ITR-7) 30th September 2018
If not required to get its accounts audited 31st July 2018 (extended to 31st August) Click Here to download notification.

Note: (1) As per section 139(4) any person who has not furnished a return within the time allowed to him under sub-section (1), may furnish the return for any previous year at any time before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. This is called belated return.

(2) As per section 139(5) (as amended by Finance Act 2017) return filed as above can be revised up to the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. After amendment by the Finance Act’2016, the belated return can also be revised.

(3) W.e.f Financial year 2017-18, penalty u/s 234F is introduced for delay in filing the return. If assessee failed to furnish return of income within due date as prescribed in section 139(1) then he is required to pay penalty as follows:-

  •     Rs. 5000 if return is furnished on or before 31 December of assessment year.
  •      Rs. 10,000 in any other case.
                  (However, if total income of the person does not exceeds Rs. 5 lakh then fee payable shall
                     be Rs. 1000.)

(B) Due date for payment of advance tax (FY 2017-18 & AY 2018-19)

Installments Due date Corporate Taxpayer Individual Taxpayer
1st on or before 15th June 15% of advance tax nil
2nd on or before 15th Sept. 45% of advance tax 30% of advance tax
3rd on or before 15th Dec. 75% of advance tax 60% of advance tax
4th on or before 15th March 100% of advance tax 100% of advance tax

Note-

(1) Only If your total tax liability is Rs 10,000 or more in a financial year then you have to pay advance tax.

(2) Taxpayers who opt for presumptive scheme are exempt from advance tax for FY2017-18.

(C) Due date for payment of TDS & TCS (FY 2017-18 & AY 2018-19)

For the Month Non-Government Government
April 2017 to February 2018  7th of next month Last date of Current month in which TDS/TCS is deducted or collected
March-2018 30th April 2018 7th April 2018

Note: Time limit for depositing TDS deducted on the purchase of immovable property u/s 194IA is within 30th day from the end of the month in which payment of consideration is made.

(D) Due date for filing TDS return (FY 2017-18 & AY 2018-19)

Quarter Period Last Date of Filing
1st Quarter 01-04-2017 to 30-06-2017 31st July 2017
2nd Quarter 01-07-2017 to 30-09-2017 31st Oct 2017
3rd Quarter 01-10-2017 to 31-12-2017 31st Jan 2018
4th Quarter 01-01-2018 to 31-03-2018 31st May 2018

(E) Due date for filing TCS return (FY 2017-18 & AY 2018-19)

Quarter Period Last Date of Filing
1st Quarter 01-04-2017 to 30-06-2017 15th July 2017
2nd Quarter 01-07-2017 to 30-09-2017 15th Oct 2017
3rd Quarter 01-10-2017 to 31-12-2017 15th Jan 2018
4th Quarter 01-01-2018 to 31-03-2018 15th May 2018

(F) Due date for issuance of  TDS & TCS Certificate (FY 2017-18 & AY 2018-19)

Form No. Periodicity Due date
Form-16 (TDS on salary) Annual 31st May of next financial year
Form-16A (TDS on non-salary) Quarterly Within 15 days from due date of furnishing TDS return
Form-16B (TDS U/s 194IA)) Quarterly Within 15 days of furnishing challan in Form No. 26QB
Form-27D (TCS) Quarterly Within 15 days from due date of furnishing TCS return.

(G) Due date for uploading Declaration received u/s 15G/15H

Quarter Period Last Date of Filing
1st Quarter 01-04-2017 to 30-06-2017 15st July 2017
2nd Quarter 01-07-2017 to 30-09-2017 15st Oct 2017
3rd Quarter 01-10-2017 to 31-12-2017 15st Jan 2018
4th Quarter 01-01-2018 to 31-03-2018 30th April 2018

(H) Due date for filing Annual Information Return(AIR) of specified financial transactions and reportable accounts in form 61A & 61B

To keep a watch on high value transactions undertaken by the taxpayer, the Income tax Law has framed the concept of “statement of financial transaction or reportable account”(previously called as ‘Annual Information Return (AIR)’). This statement is required to file by specified persons in form 61A & 61B upto 31st May of next Financial year. For FY 2017-18, this is required to filed upto 31st May 2018.

(I) Due date for filing Belated Return u/s 139(4) or Revised Return u/s 139(5).

As per section 139(4):-

  • upto to FY 2015-16- belated return could be filed at any time before completion of one year from the end of assessment year or before completion of assessment whichever is earlier.
  • From FY 2016-17- belated return can be filed at any time before the end of assessment year or before completion of assessment whichever is earlier.(from FY 2016-17, a belated return can also be revised)

As per section 139(5):-

  • upto to FY 2016-17- revised return could be filed at any time before completion of one year from the end of assessment year or before completion of assessment whichever is earlier.
  • From FY 2017-18- revised return can be filed at any time before the end of assessment year or before completion of assessment whichever is earlier.
Financial year Belated Return can be filed an any time before completion of assessment or date given below, whichever is earlier.(U/s 139(4)) Revised Return can be filed an any time before completion of assessment or date given below, whichever is earlier. (U/s 139(5))
2014-15 31-03-2017 31-03-2017
2015-16 31-03-2018 31-03-2018
2016-17 31-03-2018 31-03-2019
2017-18 31-03-2019 31-03-2019

(J) Penalty for Delay in Filing Income tax Return

Upto Financial Year 2016-17

  • Upto Financial year 2016-17, If income tax return (belated return) is filed upto the end of assessment year then there is no penalty for delay in filing the return.
  • But if income tax return is filed after the end of assessment year, then Assessing officer may impose penalty of Rs. 5000/-. It is power of AO, he may or may not exercise this power after giving due hearing opportunity to assessee.

W.e.f Financial year 2017-18,

Penalty u/s 234F is introduced for delay in filing the return. If assessee failed to furnish return of income within due date as prescribed in section 139(1) then he is required to pay penalty as follows:-

  • Rs. 5000 if return is furnished on or before 31 December of assessment year.
  • Rs. 10,000 in any other case.
  • (However, if total income of the person does not exceeds Rs. 5 lakh then fee payable shall be Rs. 1000.)

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