Saturday, July 31, 2021

Still not filed your Income Tax Returns? Extended deadline ends today

The prolonged deadline for particular person taxpayers to file their earnings tax returns (ITR) ends as we speak, 10, January 2021. The deadline for submitting tax returns by companies too was prolonged until February 15, the finance ministry stated in an announcement. “Not Filed your ITR for AY2020-21 but? Please don’t miss the prolonged due date of tenth, January 2021. File your ITR NOW by visiting,” the earnings tax division stated in a tweet.

In the meantime, greater than 5.64 crore Earnings Tax Returns for 2019-20 fiscal (the evaluation yr 2020-21) have been filed until 9 January 2021. “Listed here are the statistics of Earnings Tax Returns filed as we speak. 5,03,415 ITRs have been filed as much as 1200 hrs as we speak & 1,56,473 #ITRs filed within the final 1hr,” the tax division tweeted.

This was the third time that the federal government has prolonged the deadline to file ITR – first from the traditional deadline of 31 July to 30 November 2020, after which to 31 December 2020.

The extension of the deadline until January 10 is for submitting ITR for 2019-20 fiscal yr (2020-21 evaluation yr) and is for these people whose accounts aren’t required to be audited and who often file their earnings tax return utilizing ITR-1 or ITR-4 varieties, as relevant, the assertion stated.

In the meantime, the earnings tax division has issued a brand new e-calendar for the yr 2021 having an inventory of all of the vital tax-related deadlines.

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