You Can Also Fill Income Tax Returns After Due Date, But This is Loss

It's time to pay income tax. It is important for you to complete the ITR till March 31. However, if you can not fill income tax due to Due Day for some reason, you still have the time to file ITR till the end of Assessment Year. However there may be a slight disadvantage in it. After dew date miss, the file you return is known as Billed return. It can be filled up to the last of the Assessment Year. Assessment Year for 2015-16 is 2016-17, This means that you can fill up your balanced returns by March 31, 2018. Billed returns are also filled in the same way, as you fill the ITR before due date.