Central regulation
Income Tax Return Filing
Every business entity must file an income tax return annually — ITR-3 for proprietors/partners, ITR-4 for presumptive, ITR-5 for LLPs/firms, ITR-6 for companies. Due dates depend on audit applicability.
Definition
Every business entity must file an income tax return annually — ITR-3 for proprietors/partners, ITR-4 for presumptive, ITR-5 for LLPs/firms, ITR-6 for companies. Due dates depend on audit applicability.
- SourceIncome-tax Act, 1961 — Section 139 — Section 139(1)incometax.gov.in
What it means in practice
Income Tax Return Filing is administered by Income Tax Department / CBDT. The obligation is grounded in Income-tax Act, 1961 — Section 139 (Section 139(1)).
Audit cases (tax audit, transfer pricing) get extended deadlines (31 Oct, 30 Nov). Companies and LLPs must file even with nil income.
- SourceIncome-tax Act, 1961 — Section 139 — Section 139(1)incometax.gov.in
Triggers (applicability predicates)
These predicates are evaluated by Compliance Radar's applicability engine against a business profile to decide whether this rule applies.
entity_exists=true
Deadlines and penalty
Cadence: annual — next action: 2026-07-31
Penalty for default: Late filing fee: Rs 5,000 if filed after due date but by 31 Dec; Rs 10,000 if later. Interest u/s 234A; carry-forward of losses denied if return is belated.
Citations
- SourceIncome-tax Act, 1961 — Section 139 — Section 139(1)incometax.gov.in