{"id":16633,"date":"2023-08-30T05:31:52","date_gmt":"2023-08-30T05:31:52","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=16633"},"modified":"2024-04-24T05:10:30","modified_gmt":"2024-04-24T05:10:30","slug":"itr-filing-deadline","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/itr-filing-deadline\/","title":{"rendered":"What is the penality and due date of tax audit report for Mall Owners?"},"content":{"rendered":"<h2 style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18 alignleft\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png\" alt=\"\" width=\"105\" height=\"50\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ.png 482w\" sizes=\"auto, (max-width: 105px) 100vw, 105px\" \/>ITR filing Deadline<\/h2>\n<h2 style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-16672  alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/itr-full-form-300x158.png\" alt=\"ITR for Mall owners, ITR filing Deadline\" width=\"216\" height=\"114\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/itr-full-form-300x158.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/itr-full-form-380x200.png 380w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/itr-full-form.png 621w\" sizes=\"auto, (max-width: 216px) 100vw, 216px\" \/><\/h2>\n<p>&nbsp;<\/p>\n<p>ITR filing Deadline,\u00a0The due date for filing Income Tax Returns (ITR) for the financial year 2022-23 is July 31, 2023 for most taxpayers. However, the due date for filing ITR for mall owners is different.<\/p>\n<p data-sourcepos=\"3:1-3:145\">Mall owners are considered as &#8220;businesses&#8221; under the Income Tax Act, 1961. As such, they have to file their ITRs on or before September 30, 2023.<\/p>\n<p data-sourcepos=\"5:1-5:54\">\n<p data-sourcepos=\"5:1-5:54\"><strong>The penalty for late filing of ITR for mall owners is:<\/strong><\/p>\n<ul data-sourcepos=\"7:1-9:0\">\n<li data-sourcepos=\"7:1-7:80\">Rs. 5,000 if the ITR is filed after the due date but before December 31, 2023.<\/li>\n<li data-sourcepos=\"8:1-9:0\">Rs. 10,000 if the ITR is filed after December 31, 2023.<\/li>\n<\/ul>\n<p data-sourcepos=\"10:1-10:168\"><strong>To visit: <a class=\"in-cell-link\" href=\"https:\/\/www.incometax.gov.in\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.incometax.gov.in<\/a><\/strong><\/p>\n<p data-sourcepos=\"12:1-12:265\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-12852 alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/11.3.3-ITR-300x150.jpg\" alt=\"Professional Deductions\" width=\"300\" height=\"150\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/11.3.3-ITR-300x150.jpg 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/11.3.3-ITR-768x384.jpg 768w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/11.3.3-ITR-660x330.jpg 660w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/11.3.3-ITR.jpg 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p data-sourcepos=\"10:1-10:168\">In addition to the penalty, mall owners may also be liable for interest on the taxes due. The interest rate is 1% per month or part of a month on the amount of tax due.<\/p>\n<p data-sourcepos=\"12:1-12:265\">It is important to note that these are the general rules for filing ITRs. The specific due date and penalty may vary depending on the mall owner&#8217;s circumstances. For example, if the mall owner is a startup, they may be eligible for a different due date and penalty.<\/p>\n<p data-sourcepos=\"12:1-12:265\"><strong>For further details access our website: <a class=\"in-cell-link\" href=\"https:\/\/vibrantfinserv.com\/\" target=\"_blank\" rel=\"noopener\">https:\/\/vibrantfinserv.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ITR filing Deadline &nbsp; ITR filing Deadline,\u00a0The due date for filing Income Tax Returns (ITR) for the financial year 2022-23 is July 31, 2023 for most taxpayers. However, the due date for filing ITR for mall owners is different. Mall owners are considered as &#8220;businesses&#8221; under the Income Tax Act, 1961. As such, they have\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/itr-filing-deadline\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":16672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[2624,3532,3533],"class_list":["post-16633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-itr-filling","tag-taxpenalties","tag-incometaxindiainfo","tag-itrfilingdeadline"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ITR filing Deadline\/ Article\/ VibrantFinserv-<\/title>\n<meta name=\"description\" content=\"ITR filing Deadline: The due date for filing Income Tax Returns (ITR) for the financial year 2022-23 is July 31, 2023 for most taxpayers.-\" \/>\n<meta name=\"robots\" content=\"index, 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