Question: What Is The Last Date For Filing ITR For AY 2019 20?

What is itr1 itr2 itr3 and ITR 4?

An Individual/HUF, having income as a partner of a partnership firm that is carrying out business/profession, does not need to file ITR-3.

ITR 4 Sugam Form is for the taxpayers who have opted for the presumptive income scheme under Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act..

What is difference between FY and ay?

An FY starts on 1 April and ends on 31 March. So, if you have worked and earned income in 2017-18, it will be considered the financial year. Assessment year: On the other hand, assessment year (AY) is the year following the financial year, in which your income is assessed.

What is the income tax slab for AY 2020 21?

INCOME SLAB AND TAX RATES FOR F.Y. 2020-21/A.Y 2021-22Taxable incomeTax Rate (Existing Scheme)Tax Rate (New Scheme)Rs. 7,50,001 to Rs. 10,00,00020%15%Rs. 10,00,001 to Rs. 12,50,00030%20%Rs. 12,50,001 to Rs. 15,00,00030%25%Above Rs. 15,00,00030%30%3 more rows

What is the last date to file IT return for FY 2019 20?

The government had in May extended the date for filing ITR for FY2019-20 from July 31 to November 30, to give compliance relief to taxpayers. ITR Filing Last Date: The deadline for filing returns by individual taxpayers for FY 2019-20 has been extended by a month till December 31, the finance ministry said on Saturday.

Can I file ITR for AY 2020/21 now?

The due date for the income tax return for the FY 2019-20 (AY 2020-21) has now been extended to November 30, 2020. The returns of income which are required to be filed by 31st July, 2020 and 31st October, 2020 can be filed up to 30th November, 2020.

What is the due date for tax filing FY 2019/20 AY 2020 21?

Income tax department has again postponed the ITR filing due dates for AY 2020-21 (FY 2019-20) from November 30 to December 31, 2020, for tax individual’s taxpayers.

Is TDS payment due date extended?

Let the due date of TDS payment be 7th May 2020 and you have deducted TDS on 19th April 2020. Say you have not deposited TDS by 7th May 2020. Then you will be required to pay interest at 0.75% for period from 19 April until the date of payment in case you make the payment by 30 June 2020.

Can I file ITR now?

Yes, you can. An ITR filed after the due date is called a belated return. It can be filed before the end of the relevant assessment year, i.e., before March 31, 2021 for FY 2019-20. From FY16-17, i.e., AY17-18 onward, you are permitted to revise a belated return.

Can ITR for AY 2019/20 be filed now?

For individuals, even if you miss the ITR filing deadline of December 31, 2020 (For FY 2019-20), you can still file your return. It is will be termed as belated ITR….Date of filing ITRAmount (Rs)After November 30, 2020 but on or before December 31, 20205,000Between January 1 and March 31, 202110,000Nov 10, 2020

What is the last date for filing ITR for AY 2020 21?

December 31The due date for filing income tax return for assessment year 2020-21 has been extended till December 31. The Finance Ministry has granted an additional month to complete the process. Earlier, it was postponed from July 31, the annual due date for filing returns, to November 30 due to the Covid-19 pandemic.

Is ITR date extended?

While the deadline for filing ITR by individual taxpayers has been extended by a month till December 31, the due date for those taxpayers whose accounts need to be audited has been extended to January 31, 2021.

How do I file a belated return for AY 2019 20?

Thus if your due date for filing Income tax return was 31st July, 2019 or 30th September, 2019 and you miss to file it within due date you can still file it till 30th September, 2020….Belated Filing of Income Tax Return for AY 2019-20.Date of FilingFees LeviableIn any other caseTen thousand rupees2 more rows•Aug 9, 2020

What is the 80c limit for 2020 21?

The maximum deductions available under a few sections are as follows: Section 80C to 80CCC: ₹ 1,50,000. Section 80CCD: ₹ 50,000. Section 80D: ₹ 30,000 for self, spouse and children, ₹30,000 for parents, ₹50,000 for senior citizens.

Can I file my ITR myself?

There are two ways to file income tax return online. One is to download the applicable IT form, fill, save and then upload it. Another is filing the for online. ThinkStock Photos Only ITR 1 and ITR 4 forms, filed by the individual taxpayers, can be filled online without downloading any software.