{"id":1793,"date":"2018-07-04T17:25:03","date_gmt":"2018-07-04T11:55:03","guid":{"rendered":"http:\/\/cacube.in\/?p=1793"},"modified":"2023-01-24T22:18:52","modified_gmt":"2023-01-24T16:48:52","slug":"income-tax-due-dates-for-fy-2018-19-ay-2019-20","status":"publish","type":"post","link":"https:\/\/cacube.in\/?p=1793","title":{"rendered":"Income tax due dates for FY 2018-19 (AY 2019-20)"},"content":{"rendered":"

Due Dates of Income tax as applicable for FY 2018-19 (AY 2019-20)<\/strong><\/h3>\n

(A) Due date for filing Income tax Return<\/h4>\n\n\n\n\n\n\n\n\n\n\n\n\n
Category<\/th>\nSub-Category<\/th>\nDue date<\/th>\n<\/tr>\n
Individual & HUF<\/td>\nwhose accounts are required to be audited u\/s 44AB (ITR-3)<\/td>\n30th September 2019<\/strong><\/td>\n<\/tr>\n
<\/td>\nA working partner where the firm in which he is a working partner has to get its accounts audited u\/s 44AB. (ITR-2)<\/td>\n30th September 2019<\/strong><\/td>\n<\/tr>\n
<\/td>\nwho is required to furnish report u\/s 92E<\/td>\n30th November 2019<\/strong><\/td>\n<\/tr>\n
<\/td>\n\u00a0Other Individuals or HUF (ITR-1 or ITR-2 or ITR-4-Sugam)<\/td>\n\u00a031st July 2019<\/strong><\/td>\n<\/tr>\n
\u00a0Firms, LLP, AOP, BOI, AJP, HUF, Co-op. Society , Local authority<\/td>\nIf required to get its accounts audited under income tax law or any other law (ITR-5)<\/td>\n30th September 2019<\/strong><\/td>\n<\/tr>\n
<\/td>\nIf not required to get its accounts audited (ITR-5)<\/td>\n31st July 2019<\/strong><\/td>\n<\/tr>\n
\u00a0Company<\/td>\nAny Corporate Assessee (ITR-6)<\/td>\n30th September 2019<\/strong><\/td>\n<\/tr>\n
\u00a0Trust, Colleges, political parties<\/td>\nTrust, Political parties and colleges etc who are required to file return u\/s 139(4A), 139(4B), 139(4C) or 139(4D) (ITR-7)<\/td>\n30th September 2019<\/strong><\/td>\n<\/tr>\n
<\/td>\nIf not required to get its accounts audited<\/td>\n31st July 2019<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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,<\/strong> whichever is earlier. This is called belated return.<\/strong><\/p>\n

(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\u20192016, the belated return<\/strong> can also be revised.<\/p>\n

(3) W.e.f Financial year 2017-18, penalty u\/s 234F<\/strong> 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:-<\/p>\n

    \n
  • \u00a0\u00a0\u00a0 Rs. 5000 if return is furnished on or before 31 December of assessment year.<\/li>\n
  • \u00a0\u00a0\u00a0\u00a0 Rs. 10,000 in any other case.<\/li>\n<\/ul>\n
    \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (However, if total income of the person does not exceeds Rs. 5 lakh then fee payable shall<\/div>\n
    \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 be Rs. 1000.)<\/div>\n

    (B) Due date for payment of advance tax (FY 2018-19 & AY 2019-20)<\/h4>\n\n\n\n\n\n\n\n
    Installments<\/th>\nDue date<\/th>\nFor any assessee (except assessee referred in next column)<\/th>\nAssessee declaring income under 44AD \/ 44ADA<\/th>\n<\/tr>\n
    1st<\/td>\non or before 15th June<\/strong><\/td>\n15% of advance tax<\/td>\nnil<\/td>\n<\/tr>\n
    2nd<\/td>\non or before 15th Sept.<\/strong><\/td>\n45% of advance tax<\/td>\nnil<\/td>\n<\/tr>\n
    3rd<\/td>\non or before 15th Dec.<\/strong><\/td>\n75% of advance tax<\/td>\nnil<\/td>\n<\/tr>\n
    4th<\/td>\non or before 15th March<\/strong><\/td>\n100% of advance tax<\/td>\n100% of advance tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Note-<\/p>\n

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

    (2) Taxpayers who opt for presumptive scheme are exempt from advance tax for FY2017-18.<\/p>\n

    (3) Upto FY 2015-16, there were separate percentage of advance tax payable for individual (nil, 30%, 60% & 100% due on same dates ) and separate percentage of advance tax for corporates (15%, 45%, 75% & 100% due on same dates) But by Budget 2016 (W.e.f FY 2016-17) common percentage of advance tax payable is made applicable for all assessees except the assesee who declares his income in accordance with section 44AD & 44ADA.<\/p>\n

    (4) Any payment of tax made on or before 31st march of same FY, shall also be treated as advance tax.<\/p>\n

    <\/h4>\n

    (C) Due date for payment of TDS & TCS (FY 2018-19 & AY 2019-20)<\/h4>\n\n\n\n\n\n
    For the Month<\/th>\nNon-Government<\/th>\nGovernment<\/th>\n<\/tr>\n
    April 2018 to February 2019<\/td>\n\u00a07th of next month<\/strong><\/td>\nLast date of Current month<\/strong> in which TDS\/TCS is deducted or collected<\/td>\n<\/tr>\n
    March-2019<\/td>\n30th April 2019<\/strong><\/td>\n7th April 2019<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    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.<\/p>\n

    (D) Due date for filing TDS return (FY 2018-19 & AY 2019-20)<\/h4>\n\n\n\n\n\n\n\n
    Quarter<\/th>\nPeriod<\/th>\nLast Date of Filing<\/th>\n<\/tr>\n
    1st Quarter<\/td>\n01-04-2018 to 30-06-2018<\/td>\n31st July 2018<\/strong><\/td>\n<\/tr>\n
    2nd Quarter<\/td>\n01-07-2018 to 30-09-2018<\/td>\n31st Oct 2018<\/strong><\/td>\n<\/tr>\n
    3rd Quarter<\/td>\n01-10-2018 to 31-12-2018<\/td>\n31st Jan 2019<\/strong><\/td>\n<\/tr>\n
    4th Quarter<\/td>\n01-01-2019 to 31-03-2019<\/td>\n31st May 2019<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    <\/h4>\n

    (E) Due date for filing TCS return (FY 2018-19 & AY 2019-20)<\/h4>\n\n\n\n\n\n\n\n
    Quarter<\/th>\nPeriod<\/th>\nLast Date of Filing<\/th>\n<\/tr>\n
    1st Quarter<\/td>\n01-04-2018 to 30-06-2018<\/td>\n15th July 2018<\/strong><\/td>\n<\/tr>\n
    2nd Quarter<\/td>\n01-07-2018 to 30-09-2018<\/td>\n15th Oct 2018<\/strong><\/td>\n<\/tr>\n
    3rd Quarter<\/td>\n01-10-2018 to 31-12-2018<\/td>\n15th Jan 2019<\/strong><\/td>\n<\/tr>\n
    4th Quarter<\/td>\n01-01-2019 to 31-03-2019<\/td>\n15th May 2019<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    <\/h4>\n

    (F) Due date for issuance of\u00a0 TDS & TCS Certificate (FY 2018-19 & AY 2019-20)<\/h4>\n\n\n\n\n\n\n\n
    Form No.<\/th>\nPeriodicity<\/th>\nDue date<\/th>\n<\/tr>\n
    Form-16 (TDS on salary)<\/td>\nAnnual<\/td>\n31st May<\/strong> of next financial year<\/td>\n<\/tr>\n
    Form-16A (TDS on non-salary)<\/td>\nQuarterly<\/td>\nWithin 15 days<\/strong> from due date of furnishing TDS return<\/td>\n<\/tr>\n
    Form-16B (TDS U\/s 194IA))<\/td>\nQuarterly<\/td>\nWithin 15 days <\/strong>of furnishing challan in Form No. 26QB<\/td>\n<\/tr>\n
    Form-27D (TCS)<\/td>\nQuarterly<\/td>\nWithin 15 days<\/strong> from due date of furnishing TCS return.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    <\/h4>\n

    (G) Due date for uploading Declaration received u\/s 15G\/15H<\/h4>\n\n\n\n\n\n\n\n
    Quarter<\/th>\nPeriod<\/th>\nLast Date of Filing<\/th>\n<\/tr>\n
    1st Quarter<\/td>\n01-04-2018 to 30-06-2018<\/td>\n15st July 2018<\/strong><\/td>\n<\/tr>\n
    2nd Quarter<\/td>\n01-07-2018 to 30-09-2018<\/td>\n15st Oct 2018<\/strong><\/td>\n<\/tr>\n
    3rd Quarter<\/td>\n01-10-2018 to 31-12-2018<\/td>\n15st Jan 2019<\/strong><\/td>\n<\/tr>\n
    4th Quarter<\/td>\n01-01-2019 to 31-03-2019<\/td>\n30th April 2019<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    <\/h4>\n

    (H) Due date for filing Annual Information Return(AIR) of specified financial transactions and reportable accounts in form 61A & 61B<\/h4>\n
    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 \u2018Annual Information Return (AIR)\u2019). This statement is required to file by specified persons in form 61A & 61B upto 31st May of next Financial year<\/strong>. For FY 2018-19, this is required to filed upto 31st May 2019.<\/strong><\/div>\n
    \n

    (I) Due date for filing Belated Return u\/s 139(4) or Revised Return u\/s 139(5).<\/h4>\n
    \n

    As per section 139(4):-<\/strong><\/p>\n

      \n
    • 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.<\/li>\n
    • 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)<\/strong><\/li>\n<\/ul>\n

      As per section 139(5):-<\/strong><\/p>\n

        \n
      • 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.<\/li>\n
      • 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.<\/li>\n<\/ul>\n<\/div>\n\n\n\n\n\n\n\n\n
        Financial year<\/th>\nBelated Return can be filed an any time before completion of assessment or date given below, whichever is earlier.(U\/s 139(4))<\/th>\nRevised Return can be filed an any time before completion of assessment or date given below, whichever is earlier. (U\/s 139(5))<\/th>\n<\/tr>\n
        2014-15<\/td>\n31-03-2017<\/td>\n31-03-2017<\/td>\n<\/tr>\n
        2015-16<\/td>\n31-03-2018<\/td>\n31-03-2018<\/td>\n<\/tr>\n
        2016-17<\/td>\n31-03-2018<\/td>\n31-03-2019<\/td>\n<\/tr>\n
        2017-18<\/td>\n31-03-2019<\/td>\n31-03-2019<\/td>\n<\/tr>\n
        2018-19<\/td>\nExtended upto 30th November 2020<\/td>\nExtended upto 30th November 2020<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

        (J) Penalty for Delay in Filing Income tax Return<\/h4>\n
        \n

        Upto Financial Year 2016-17<\/p>\n

          \n
        • 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.<\/li>\n
        • 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.<\/li>\n<\/ul>\n

          W.e.f Financial year 2017-18,<\/p>\n

          Penalty u\/s 234F<\/strong> 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:-<\/p>\n

            \n
          • Rs. 5000 if return is furnished on or before 31 December of assessment year.<\/li>\n
          • Rs. 10,000 in any other case.<\/li>\n
          • (However, if total income of the person does not exceeds Rs. 5 lakh then fee payable shall be Rs. 1000.)<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

            Due Dates of Income tax as applicable for FY 2018-19 (AY 2019-20) (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 2019 A working partner where the firm in which he is a working partner has to […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[276],"tags":[88],"class_list":["post-1793","post","type-post","status-publish","format-standard","hentry","category-income-tax-updates-for-fy-2018-19-ay-2019-20","tag-income-tax"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9X28M-sV","_links":{"self":[{"href":"https:\/\/cacube.in\/index.php?rest_route=\/wp\/v2\/posts\/1793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cacube.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cacube.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cacube.in\/index.php?rest_route=\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/cacube.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1793"}],"version-history":[{"count":6,"href":"https:\/\/cacube.in\/index.php?rest_route=\/wp\/v2\/posts\/1793\/revisions"}],"predecessor-version":[{"id":4224,"href":"https:\/\/cacube.in\/index.php?rest_route=\/wp\/v2\/posts\/1793\/revisions\/4224"}],"wp:attachment":[{"href":"https:\/\/cacube.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cacube.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cacube.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}