Home » Working Women » Money Planning » Who Should File Income Tax? With effect from 1-8-1998 persons fulfilling any one of the six conditions are required to file a return of income in Form No. 2C. This is a simple form meant for the use of persons not furnishing return of income under sub-section (1) of section 139 and satisfying any one of the six conditions laid down in the proviso.

i. In occupation of an Immovable property exceeding a specified floor area, whether by way 'of ownership, tenancy or otherwise as specified in the notification Nos. S.O. 467 (E) dated 27th June, 1997 and S.O. 668 (E) dated 6th August, 1998 '.
ii. owner or the lessee of a motor vehicle.
iii. subscriber to a telephone.
iv. incurring expenditure for himself or for any other person on travel to any foreign country .
v. holder of the credit card, not being an 'add-on' card, issued by any bank or institution.
vi. member of a club where entrance fee charged is twenty five thousand rupees or more.

When Form 2C is not filed

If a person who is required to furnish a return of his income as required by the proviso to sub-section (1) of section 139, fails to furnish such return on or before the due date, he shall be liable to pay by way of penalty, a sum of Rs. 500.

Status Due Date

i. In the case of a company, by 30th November of the assessment year

ii. In the case of an assessee other than a company:

iii. Where the accounts of the assessee are required under this Act or any other law to be audited

a. Or where the report of an accountant is required to be furnished under section 80HHC or section 80HHD
b. Or where the prescribed certificate is required to be furnished under section 80R or section 80RR
c. Or in the case of a co-operative society or in the case of a working partner of a firm whose accounts are required under this Act
d. Or any other law to be audited by 31st October of the assessment year

iv. Where the total income includes income from business or profession [other than a case falling under (2.1)] (supra) by 31st August of the assessment year e.g., self-employed / professionals.

v. In any other case, by 30th June of the assessment year. E.g., if you are a salaried employee, then it will be June 30th of every year.