Partnership Tax Extension Deadline 2024. The penalty for late filing of the income tax return (itr) applies to individuals who fail to meet the july 31, 2024 deadline. “persons who have entered into partnership with one another are called individually partners and collectively a firm,.
Under section 9100 relief, taxpayers may make a late tax election if they meet certain requirements. For individuals, that means you can still file for a tax extension right on april 15, 2024.