December 31, 2020
STORY OUTLINE. For the financial year 2019-20, the income tax return deadline has been extended to December 31, 2020 from the usual deadline of July 31. If the ITR is filed before the expiry of deadline, then a penalty will be levied on late filing of ITR for upto Rs 10,000.
Is income tax return date extended today?
The government today extended the due date of filing income tax returns for 2020-21 for individuals by two months till 30 September. The Central Board of Direct Taxes (CBDT) has also extended the ITR filing deadline for companies by a month till November 30.
What is the last date to fill Income Tax Return 2020 2021?
New Delhi: Income Tax Return (ITR) Filing last date has been extended from July 31, 2021 to to September 30, 2021. The central government had announced that the deadline for filing ITR for Financial Year 2020-21 was extended due to prevalent Covid pandemic situation.
Can we file income tax return for assessment year 2020-21 now?
Yes, the Income Tax Return for AY 2020-21 can be done now.
What is the due date for tax audit ay 2020-21?
The date for furnishing audit report has been extended to October 31, from September 30, for the same assessment year. For corporate taxpayers and individual taxpayers liable to tax audit, the due to date of filing return for AY 2021-22 has been extended to November 30 from October 31.
When do I need to submit my tax return for 2020 / 21?
We’ve designed our tax year calendar to help businesses of all sizes across Essex prosper and be in control of their finances. All HMRC’s key tax dates for self-assessment, your deadlines for submitting VAT returns, including MTD deadlines, monthly PAYE dates and the P11D deadline for 2020/21 are here.
When is last day to file ITR for 2020?
The due date for submitting ITR for assessment year 2020-2021 was 31 st July 2020 and stands extended till 10th January 2021. However the last date is 31 st March 2021. However a few consequences will follow if you submit your ITR after the due date. What happens if you miss the deadline?
When is the deadline for VAT returns in 2020?
Here are the key dates for submitting VAT returns in the 2020/21 tax year: 7 April 2020 – Deadline for VAT returns and payments of Accounting Quarter period ending 29 February 2020; 7 May 2020 – Deadline for VAT returns and payments of Accounting Quarter period ending 31 March 2020
When does the 2020 tax year start in the UK?
6 April 2020 – 2020/21 tax year begins. Keep an eye on the latest tax changes so you are on top of any legislation updates this new tax year. 31 July 2020 – Second Payment on Account (POA) for Income Tax for 2019-20.