Last date to file itr for ay14-15

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nimit (Querist)
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25 March 2015 what's the last date to file itr for ay 14-15. Also what would be the implications if I won't be able to file it by the last date?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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25 March 2015 it is 31.3.2016 as per sec 139(4)

CA Hemant Bhathad

CA Hemant Bhathad (Expert)
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25 March 2015 let me first clear is that Accounting Year or Assessment Year
Due date of filing IT return for Assessment Year 14-15 is 31/7/14 for other than companies and firm which will have not come under Tax Audit U/s 44AB
And is 30/09/14 for companies and firm come under Tax Audit U/s 44AB
Same date and month will be applicable for next year

If u dont file within due date you will be charged interest along with your tax liability

nimit

nimit (Querist)
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27 March 2015 Thanks for your replies. I am talking about Assessment year 14-15 here and individual return. So as per your comments, last to file the same was 31/07/2014 which has already passed. So I would like to know till what date I could file the return by giving the late fees. Also, would like to know how much is the late fees.
PS: I have deposited my computed tax already. It is just that I haven't finalized my accounts.

CA Hemant Bhathad

CA Hemant Bhathad (Expert)
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27 March 2015 It is 31/03/2016 with interest u/s 234(a),(b),(c)
If u paid your tax liability already then u will not be charged 234(b),(c) to some extent
there is no provision like Late fees in income tax
However penalty provision is there but we can file return without penalty it will be ok

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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27 March 2015 if itr is filled after the relevant ay then sec 271F may be imposed by ito for 5000 as penalty.

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