InvestorQ : When must an individual file his Income Tax Return (ITR)?
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When must an individual file his Income Tax Return (ITR)?

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1 year ago
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According to Investopedia, a tax return is a form(s) filed with a taxing authority that reports income, expenses and other pertinent tax information. Tax returns allow taxpayers to calculate their tax liability, schedule tax payments, or request refunds for the over-payment of taxes.

An individual must file his/her income tax return (ITR) on or before July 31st of the next financial year. For instance, Income Tax Returns of FY 2018-19 that ended on March 31, 2019 will be due on July 31, 2019.

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