DUE DATE FOR INCOME TAX RETURN - AY 2022-23

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"Do the Right Thing...!!!"
128157 Points Posted on 20 September 2022

Dear Experts.,

Good Evening to All...

 

One of my Friend working as Employee in a Private Limited Company. He earn more than 5 lakhs in FY 2021-22. He missed the Last date of IT Return.

He also a Share Holder in the Same Comapany...

So, My friend ask Why not I'm using 31/10/2022 as my IT return Due Date...

My Question is

- Can I file his return with 31-Oct-22 as Due date...?

 

Please give Your reply as soon as possible.

 

Regards

Raja P M

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On 20 September 2022 at 16:37 Report
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Quick Summary
This discussion clarifies the income tax return (ITR) due date for employees of private limited companies for Assessment Year 2022-23. It confirms that an employee's ITR deadline is independent of their company's filing dates. If the deadline was missed, a belated return must be filed, potentially incurring a late fee under Section 234F.

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Profession Business
28246 Points Posted on 20 September 2022
NATURE OF ASSESSE?
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On 20 September 2022 at 16:56
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CFO- at NHTF
58280 Points Posted on 20 September 2022
There is no connection with company ITR filing deadline and employee ITR filing deadline.

Hence he has to submit belated return with 5000/1000 late fee under section 234F.

Dividend is taxable on payment basis. So dividend paid in AGM can't effect the ITR filing deadline.


Only partnership firm ( Partners have some relaxation)
2 Reply
On 20 September 2022 at 16:59

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