ITR_CORPORATE · annual Return

ITR (Audit/Corporate): Due Date, Checklist & Penalty Details

Statutory filing schedule, legal sections under Income-tax Act, 1961, client document requirements, and late filing consequences for Indian practitioners.

AI Overview Direct Answer

The corporate income tax return and returns of entities liable to tax audit are due on 31st October of the Assessment Year. Delay triggers Section 234F fees, loss of carry-forward business losses, and Section 234A interest.

Section: Section 139(1) · Regulator: CBDT · Reviewed by: FCA Tax Practitioner

Statutory Act & Section

Section 139(1)

Income-tax Act, 1961

Standard Due Date

Annual Cutoff (Day 31)

Subject to statutory holiday extensions

Who is required to file?

Companies, auditing firms, and partners of auditing firms.

Statutory Penalty / Late Fee

Fee u/s 234F + interest 234A/B/C

Client Document Collection Checklist

Required records to collect from the client before filing ITR (Audit/Corporate):

CORS Template

Balance sheet, P&L, audit report

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