ITR filing FY 2019-20: Haven’t filed your tax return? Do not ignore this

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New Delhi: Though the final date of filing Income Tax returns for FY 2019-20 is over for particular person filers in addition to for firms, March 31, 2021 is the ultimate deadline to file ITR in addition to revised ITR with the late price.

The Income Tax division has been issuing fixed alerts and warnings on filing Income Tax Returns. Recently the I-T division tweeted, 

Earlier, on March 24, I-T division had tweeted If Tax has been deducted on your receipts/revenue, however you have not filed your Income Tax Return (ITR), please accomplish that on the earliest. Last date to file ITR for AY 2020-21 is March thirty first, 2021.

It have to be famous right here that the deadline for filing revenue tax returns by people was prolonged by 10 days to January 10, 2021 whereas that for firms had been prolonged  until February 15, 2021. However, March 31, 2021 is the ultimate deadline to file ITR and revised ITR with the late price. This 12 months, taxpayers are required to submit the returns for the FY 2019-20 monetary 12 months and the evaluation 12 months can be AY 2020-21.

As on March 24, CBDT had tweeted that it had issued refunds of over Rs. 2,13,823 crore to greater than 2.24 crore taxpayers between 1st April,2020 to twenty second March,2021. Income tax refunds of Rs. 79,483 crore have been issued in 2,21,92,812 instances & company tax refunds of Rs. 1,34,340crore have been issued in 2,22,188 instances.





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