ITR filing last date: The last date for ITR filing for AY 2020-21 is March 31, 2021, which means you have just one more day to file your Income-tax returns.
Income Tax Department has asked assesses ‘Do Not Ignore This!’ If you miss the last date for ITR filing, then a late fee may be levied as per the Income Tax Act. With the financial year (2020-21) just around the corner, there are certain financial tasks that need to be completed before the deadline of March 31 to avoid paying a penalty.
You need to go to the website of Income Tax India. You can also contact 18001030025 for help.
ITR Filing Online: Step-by-step Guide
- If you want to file Income Tax Returns Online, you can do so at the official website of Income Tax India.
- If you are a registered user, you need to log in.
- If you are new to ITR filing online, you need to register yourself. First go to New To e-Filing section on the Income Tax India website. You need to click on “Register Yourself”.
- You need to select user type in which you will get options such as “Individual”, Hindu Undivided Family (HUF), Other than Individual/HUF, External agency, chartered accountants, tax deductor and collector, and third party software utility developer.
- After selecting you need to click on continue.
- After that you need to enter basic details, fill registration form, do registration verification, and finally check whether the registration is successful or not.
Meanwhile, Income Tax Department has also asked the employers to encourage the employees to file ITR before last date. “Here’s a reminder for all employers! If any of your employees has not filed Income Tax Return(ITR) for AY 2020-21 yet, this is their last chance to do so! We request you to please remind your employees,” Income tax India has tweeted.
The penalty you will have to pay
An income taxpayer is liable to pay late ITR filing fees of:
a) Rs 5,000 if tax return is filed after the deadline but on or before December 31 of the relevant assessment year (Not relevant for FY 2019-20 as the last date to file ITR for FY 2019-20 is January 10, 2021).
b) Rs 10,000 if tax return is filed after December 31 but before the end the relevant assessment year, i.e., before March 31 (in this case between 10 January 2021 and March 31, 2021.