There are five categories of Income Tax returns:

  1. Normal return u/s 139(1) - Section 139(1) requires that every person:—
    • a. being a company or a firm; or
    • b. being a person other than a company or a firm, if (i) his total income or (ii) the total income of any other person in respect of which he is assessable under the Income-tax Act, during the previous year, exceeded the maximum amount which is not chargeable to income-tax.

    Shall, furnish a return of his income or the income of such other person on or before the due date.

  2. Belated Return u/s 139(4) - Any person who has not furnished a return within the time allowed to him in 139 (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, whichever is earlier.

  3. Revised Return u/s 139(5) - If any person, having furnished a return in 139 (1) or 139 (4), discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.

  4. Defective Return u/s 139(9) - Where the Assessing Officer considers that the return of income furnished by the assessee is defective, he may intimate the defect to the assessee and give him an opportunity to rectify the defect within a period of fifteen days from the date of such intimation or within such further period which, on an application made in this behalf, the Assessing Officer may, in his discretion, allow; and if the defect is not rectified within the said period of fifteen days or, as the case may be, the further period so allowed, then, notwithstanding anything contained in any other provision of this Act, the return shall be treated as an invalid return and the provisions of this Act shall apply as if the assessee had failed to furnish the return :

    5. Provided that where the assessee rectifies the defect after the expiry of the said period of fifteen days or the further period allowed, but before the assessment is made, the Assessing Officer may condone the delay and treat the return as a valid return.

Due Dates:

  1. Individual: The due date for filing return for an individual is 31st July from the end of the F.Y. and for person required to do Audit u/s 44AB of Income Tax Act, 1961 is 30th September.
  2. Company: The due date for filing return for a company is 31st October of the end of F.Y.
  3. Limited Liability Partnership ( LLP ): The due date for filing return for a LLP is 31st July of the end of F.Y. and if the LLP is required to do Audit u/s 44AB of the Income Tax Act,1961,the due date is 30th September.

Price Varies between INR 1500-5000