ITR deadline: What is the last date to file returns?
Which ITR form should you choose?
- ITR-1 form: If you are an individual with income from salary, one house property, and other sources.
- ITR-2 form: If you are an individual or Hindu Undivided Family (HUF) without business income.
- ITR-3 form: If you are an individual or HUF with income from business or profession.
- ITR-4 form: If you have presumptive income from business or profession.
Can I file ITR for last 4 assessment years now?
List of documents required
- Form 16 (from current employer and former employer if you changed jobs mid-year),
- PAN Card,
- Aadhaar Card (PAN-Aadhaar must be linked),
- Investment proofs (including bank deposits, PPF deposits, etc.), home loan interest certificate, and insurance premium payment receipts.
Complete e-Verification within 30 days
Missed deadline? Here's the penalty:
- For individuals with an income above ₹5 lakh, filing a belated return will incur a penalty of up to ₹5,000.
- For taxpayers with a net taxable income of ₹5 lakhs or lower, the maximum penalty for filing a belated ITR is ₹1,000.
Disclaimer: This story is for educational purposes only. We advise taxpayers to check with certified experts before taking any financial decisions.