Last date of Income Tax return
Last updated on 30th December 2020
Recently the Income Tax department further extended the ITR filing as per the below categories:
1. For Individual - 10.01.2021
2. Tax Audit and Other Audit - 15.01.2021
3. ITR - Audit Cases - 15.02.2021
Last updated on 30th September 2020
Recently the Income Tax department further extended the ITR filing for all categories from 30th September to 30th November 2020. This decision was taken due to the difficulties faced by assessee because of ongoing Covid 19. The same was announced via a series of Tweets by Income Tax India.
What is the Income Tax return?
Every individual and firms pay income Tax for the income they have earned. So for every monetary transaction done and tax liability, each assessee has to fill a form called, Income Tax Return. The due date for filing Income tax return has been extended for 4th time for the financial year 2018-2019. The form can be file electronically as well as manually.
Understanding Income Tax Return
The Tax liability of every assessee is calculated with ITR. Various forms for different categories are issuedby CBDT. If taxpayers get delayed in filing for Income Tax return till due date, they are eligible for penalties stated by the department. Filing for Income Tax return is important, and recently, the I-T department has been sending emails and messages to remind the same.
Concludingby reminding you to file for ITR if you have still not done!!
Important: Please note that the information on this page / site is provided as general information for better understanding for the user and does not constitute tax, legal, or other professional advice and must not be used as such. Please consult your professional adviser(s) if you have any questions / doubts regarding the above.