The TIME BOMB of 31 st March’2020 is approaching. Hence, get the Income Tax Return filed for the Financial Year 2018-19 to avoid any adverse consequences of non-filing of the income tax return. Kindly Refer to Privacy Policy & Complete Terms of Use and Disclaimer.
When is last day to file income tax return?
31st March’2020: The last date for Income Tax return u/s 139 (4) for Financial Year 2018-19. So, this will be last chance to file the Income Tax return else you have to face the consequences for non-filing of the income tax return. As we all are aware that as per amended Section 139 (4) after Finance Act’2016;
When does the IRS start accepting tax returns?
The IRS began accepting tax returns on Jan 21, 2020. However, there have been some delays in sending some tax refunds to taxpayers, even to those who filed their tax returns early. That said, the IRS still stands by its message that most tax refunds are issued within 21 days.
Which is the maximum time to file income tax return?
Thus, the maximum time to file the Income Tax Return is 31st March’ 2020 for the Financial Year 2019-20. The TIME BOMB of 31 st March’2020 is approaching. Hence, get the Income Tax Return filed for the Financial Year 2018-19 to avoid any adverse consequences of non-filing of the income tax return.
The Income Tax Return ought to be filed for income that is earned from April 1 2020 to March 31 2021 and latest by July 31, 2021 until and unless extended by the notification of the government. As per think tanks of tax, the apt time to file the ITR for the financial year 20-21 is before June 15, 2021.
When is due date of ITR for FY 2020-21?
The due date of furnishing of Return of Income (ITR) for the FY 2020-21 or Assessment Year 2021-22, which is 31st July, 2021 under sub-section (1) of section 139 of the Act, is extended to 30th September, 2021. FY 20-21 or AY 21-22 ITR filing extension to 30.09.21 circular by CBDT Download Major Contents in the Post: (Jump to the Section)
When is last due date to file income tax return?
Although the last due date for filing the Income Tax Return is in most cases July 31 of the assessment year. The Income Tax Return ought to be filed for income that is earned from April 1 2020 to March 31 2021 and latest by July 31, 2021 until and unless extended by the notification of the government
Which is the best way to file an income tax return?
The user can file the Income Tax Return (ITR) in two ways: 1. Offline: Download the applicable ITR, fill the form offline, save the generated XML file and then upload it. To e-File the ITR using the upload XML method, the user must download either of the following ITR utility: