If you have sustained a loss in the financial year, which you propose to carry forward to the subsequent year for adjustment against subsequent year positive income, you must make a claim of loss by filing your return before the due date.
|Status of Taxpayer||Due date (Assessment year)|
|Individuals/HUF/Association whose accounts do not require to be audited||July, 31st|
|Persons whose accounts need to be audited:
Partner of a firm
|The assessee who needs to furnish report under section 92E||November, 30th|
Company registration status can be checked by visiting the website of Ministry of corporate affairs and filling up the details. This will tell the current status of the company. A step by step guide to check the status of company registration online.
Yes, any taxpayers, whether it is an individual or a body corporate, can avail the benefit of online ITR filing. There is no restriction on who would file the ITR whatsoever from the Income tax department or Government of India.
There are various sources of income therefore, an income tax expert will cover every aspect and calculate the most the nearest figure which will match your actual income.
A penalty has to be paid to the income tax authorities if you don’t file your ITR on time. Persons as specified under section 139 of the income tax act, 1961 fails to furnish the Income tax details on or before the due date will have to pay a sum of:
|ITR-1/Sahaj||Individuals having income from salary, House property & other sources
Total income up to 50 lacs.
|ITR-2||Individuals/HUF not carrying business or profession under proprietorship.|
|ITR-3||Individuals/HUF earning income from proprietorship|
|ITR-4/Sugam||Opting for Presumptive tax scheme|
|ITR-5||LLP, Firm, Trust, Co-operative society etc.
Those covered under ITR-7 shall not fill this form.
|ITR-6||Companies other than those claiming exemption under section 11 of Income tax act.|
|ITR-7||Entity (person or company) required to furnish details u/s 139 [4A, 4B, 4C, 4D, 4E] of Income tax act, 1961|