Due dates for filing ITR

[SAFETAB LIFESCIENCE]

Dear Experts,

The due date for filing ITR for individuals is 31.07.2018. Suppose if any one files after 31.07.2018, whether they can claim 80-C exemptions or not (Or) they have to pay only fine of ₹ 1000/Rs.5000 based on taxable income.

What is the due date for filing ITR for individuals who are the partners of partnership firm or directors of the companies whose accounts are audited under 44 AB.

AI Summary

Can 80-C exemptions be claimed for late-filed ITRs after July 31, 2018? Late fees and deadlines explained. The discussion revolves around the due dates for filing Income Tax Returns (ITR) for individuals, specifically addressing whether 80-C exemptions can be claimed if filed after the deadline of July 31, 2018. One expert clarifies that late filing incurs a fee of 1,000 for incomes below 5 lakhs and 5,000 for incomes above 5 lakhs. Another expert opines that 80-C benefits will not be denied for late filing. The query also seeks the due date for individuals who are partners in a partnership firm or directors of companies with audited accounts under section 44 AB.