ITR-BUSINESS — Income Tax Return (unaudited business)
Income tax return for a firm, LLP or proprietor whose accounts are not audited, filed by 31 August of the assessment year.
- Due
- 31 Aug each year
- Frequency
- Annual
- If it lapses
- Late filing fee up to ₹5,000 under s.234F
- Statutory reference
- S.139(1), Income-tax Act 1961
Where this date comes from
- The instrument
- S.139(1), Income-tax Act 1961
- The authority
- Income Tax Department
Mallah Software Services Private Limited has not independently verified this against the gazette. The citation above is the instrument this date is taken from, and it is exact enough for a professional to check. Inside Lawzer a company secretary or chartered accountant can record that they have checked it, against the rule as it read on the day — and that record is withdrawn automatically if the rule later changes. A date nobody has checked says so.
Who has to file it
Every one of these has to hold before ITR-BUSINESS binds an entity:
- Limited Liability Partnership, Partnership Firm and Sole Proprietorship
- not a company, or subject to tax audit
- Filed on:
- Income Tax e-Filing
- Usually owned by:
- Accountant
- Typical effort:
- 5 hours
Common questions
- When is ITR-BUSINESS due?
- 31 Aug each year. It falls due once a year.
- Who has to file ITR-BUSINESS?
- It applies to Limited Liability Partnership, Partnership Firm and Sole Proprietorship and not a company, or subject to tax audit.
- What is the penalty for filing ITR-BUSINESS late?
- Late filing fee up to ₹5,000 under s.234F
- Where is ITR-BUSINESS filed?
- Income Tax e-Filing.
Get told before ITR-BUSINESS is due
We will email you a week before the next one, and before each one after that.
One email per occurrence of ITR-BUSINESS, and nothing else — no newsletter, no other obligations, and your address is never sold or passed on. We send a link to confirm first, and nothing goes out until you follow it. Every message has a one-click link to stop. See the Privacy Policy.
This is the standing statutory position. The government extends deadlines often, and an extension is not reflected here until the rule is updated. Mallah Software Services Private Limited is a software company and not a firm of company secretaries or chartered accountants — nothing here is legal, tax or secretarial advice. Confirm the date with your professional before relying on it. See the Professional Disclaimer.