Date of Furnishing annual income tax return

[quaidian]

What happens if one fails to submit his annual income tax returns on define date. I am talking about individual salaried person.

Regards,
Yasir Khan

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by student_of_law</i>
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by nomanejaz2009</i>
<br />oh thanks, asal hamara tax lawer keh raha tha k salary individual ki i.tax return jama karane ki last date 31st august hai to main confuse ho gaya tha.
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It is the old post and probably you would have come to know up to now that your tax lawyer was right. according to s.118(3) last date of filing return of salaried individual is 31st August, 2001.
S.118(3) says,

In case of
i. Annual Statement of Deduction of income tax from salary filed by the employer of an individual
ii. return of income through e-portal in case of salaried person, or
iii. a statement required under sub-section (4) of s. 115,

on or before the 31st Day of August next following the end of tax year to which the return.......... relates

By proviso to s.115(1), every salried person having salary income exceeding 5 lacs has to file return electronically.

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