Tax Filing For Physiotherapists
The due date of tax filing for physiotherapists like file their ITR depends on whether their accounts are required to be audited.
1. If the physiotherapist’s accounts are not required to be audited, the due date for filing their ITR is 31st July of the following assessment year. For example, the due date for filing the ITR for the assessment year 2023-24 is 31st July 2024.
2. If the physiotherapist’s accounts are required to be audited, the due date for filing their ITR is 31st October of the following assessment year. For example, the due date for filing the ITR for the assessment year 2023-24 is 31st October 2024.
Please note that these are the regular due dates for filing ITR. There may be extenuating circumstances that may warrant an extension of the due date.
You can check the Income Tax website for more information on the extension of ITR filing deadlines.
Here are some additional things to keep in mind when filing your ITR as a physiotherapist:
1. You will need to use ITR Form 3 or ITR Form 4, depending on whether your income is below or above Rs. 50 lakhs.
2. You will need to attach your audited financial statements if your accounts are required to be audited.
3. You will need to pay any taxes due on your income.
To visit: https://www.mca.gov.in/
For further details access our website: https://vibrantfinserv.com