Deadlines for ITR Filing for Books and Stationery Traders
The deadlines for ITR filing for books and stationery traders vary depending on their income and filing status.
1. Individuals with income up to ₹5 lakh:
The deadline for filing ITR is July 31, 2023.
2. Individuals with income between ₹5 lakh and ₹10 lakh:
The deadline for filing ITR is August 31, 2023.
3. Individuals with income above ₹10 lakh:
The deadline for filing ITR is September 30, 2023.
These deadlines are for e-filing of ITRs. The last date for filing ITRs physically is September 30, 2023, for all taxpayers, regardless of their income.
However, there are some taxpayers who are allowed to file their ITRs beyond the due date. These taxpayers include:
- Taxpayers who are unable to file their ITRs on time due to a natural calamity.
- Taxpayers who are sick or hospitalized.
- Taxpayers who are abroad.
- Taxpayers who fall under any of these categories can file their ITRs within 30 days of the removal of the obstacle.
If you are a books and stationery trader and you miss the deadline for filing your ITR, you will be liable to pay a late filing penalty. The late filing penalty is ₹500 for the first month of delay and ₹100 for every subsequent day.
You can file your income tax return online through the Income Tax Department’s website or through a tax filing portal. You can also file your ITR physically at any designated TIN-PAN Centre
To visit: https://www.mca.gov.in/
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