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What happens if ITR is not Filed?

What are the Dates for Filing Income Tax for FY 2022-23 (AY 2023-24)?

The important dates for filing income tax for the Financial Year 2022-23 and Assessment Year 2023-24 is as follows:

Category of Taxpayer

Due Date for Tax Filing - FY 2022-23

Individual/Hindu Undivided Family/AOP/BOI (no auditing required)

31st July 2023

Businesses that require auditing

31st October 2023

Businesses that require Transfer Pricing Report

30th November 2023

Revised ITR

31st December 2023

Belated/late ITR

31st December 2023

There has been no extension to these dates as of April 20, 2023. The dates for FY 2023-24 are yet to be released.

What are the Dates for Filing Advance Tax Instalments for FY 2023-24?

Instead of paying the lump sum amount as income tax at the end of a financial year, taxpayers can choose to pay income in advance in the form of instalments, as you earn. This is called the Advance Tax. 

The due dates for the payment of advance tax are provided by the Income Tax department, which are as follows:

Due Date or Advance Tax Filing FY 2023-24

Nature of compliance

Tax paid

15th June 2023

First instalment

15% of tax liability

15th September 2023

Second instalment

45% of tax liability

15th December 2023

Third Instalment

75% of tax liability

15th March 2024

Fourth instalment

100% of tax liability

15th March 2024

Presumptive scheme

100% of tax liability

What is the importance of filing ITR?

How to Check if ITR is Filed or Not?

Consequences of Not Filing Income Tax

Are there Any Charges and Penalties if I Missed the Date?

What if Income Tax is not Filed for Previous Years?

Are there any charges and penalties?

FAQs about Consequences of Not Filing ITR