What is the last date for filing ITR for AY 2021 22?
Dec 31, 2021
ITR Due Date FY 2020-21 (AY 2021-22) – ITR Deadline Extended to Dec 31, 2021 – Last Date for Income Tax Filing. 18 min read. The due date for filing income tax returns is the date by which the returns can be filed without any late fee or penalty.
What is the last date of filing ITR for AY 2020-21?
31st December 2021
Q- What is the due date of tax filing for FY 2020-21 (AY 2021-22)? Ans. The due date for tax filing of FY 2020-21 (AY 2021-22) is 31st July 2021, which has now been extended to 31st December 2021.
Is ITR Date Extended 2020?
The government has once again extended the deadline to file income tax return (ITR) for FY 2020-21 by three months to December 31, 2021 from September 30, 2021. Earlier, due to the second wave of the Covid-19, the ITR filing deadline was extended by two months from the usual deadline of July 31 to September 30, 2021.
What happens if I dont file ITR?
Until the assessment year, i.e., AY 2017-18 there was no penalty for filing belated income tax returns. Now, as per section 234F, an individual would have to pay a fee of up to Rs 10,000 for filing ITR after the due date.
Is ITR date extended?
The Central Board of Direct Taxation (CBDT) on Thursday extended the Income-Tax Return (ITR) filing deadline FY 2020-21 for individuals till 31 December 2021, mostly for the difficulties faced by taxpayers in the wake of Covid-19 pandemic.
When can I start my tax return 2021?
The official end of the 2021 financial year falls on Wednesday 30 June 2021. That means that you can begin lodging your tax return from Thursday 1 July 2021.
When can I get tax return 2021?
2021 IRS refund schedule chart
|Date taxes accepted||Direct deposit sent||Paper check mailed|
|Jan. 31 – Feb. 6||Feb. 19||Feb. 26|
|Feb. 7 – Feb. 13||Feb. 26||March 5|
|Feb. 14 – Feb. 20||March 5||March 12|
|Feb. 21 – Feb. 27||March 12||March 19|
Is it compulsory to file ITR?
An individual is obligated to file an ITR if his gross taxable income during a particular FY exceeds the maximum amount not chargeable to tax. Income under each head of income needs to be computed separately as per the respective provisions of the said income head.
When can I submit tax return 2020?
Even though taxes for most taxpayers are due by April 15, 2021, you can e-file (electronically file) your taxes earlier. The IRS likely will begin accepting electronic returns anywhere between Jan. 15 and Feb. 1, 2021, when taxpayers should have received their last paychecks of the 2020 fiscal year.
Can I get my tax return early?
Tax refund loans, also called “refund advances,” are a way to access your refund early. However, note that tax preparers may charge fees for filing some tax returns. In paying a tax preparer just to get the advance, you’re paying to access your own money.
Can I do my tax return early?
Can you lodge tax return before the end of financial year? The simplest answer is Yes – but only in certain circumstances. There are only two specific cases when you can lodge your tax return earlier than the 1st of July in the calendar year.