Companies other than companies claiming exemption under Section 11 can file ITR Form 6. Trusts, political parties, charitable institutions, etc. claiming exempt income under the Act can file ITR Form 7.
The new I-T slabs will be for individuals not availing or foregoing certain specified deductions or exemptions while computing total income for tax purpose.
The due date for Income Tax Return for the year ending 31st March, 2018 is JULY 31, 2018. If the same is not filed before due date, it can be filed along with the penalty.
