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What is the Due Date for Tax Filing? FY 2019-20, AY 2020-21

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The due date for filing income tax returns is the date by which the returns can be filed without any late fee or penalty. The taxpayers filing their return beyond such due date will have to pay interest under 234A and penalty under section 234F. It is important for all the taxpayers to remember the due date of filing income tax returns. The due date varies on the basis of taxpayers. For instance, salaried individuals are usually required to file their income tax returns by 31st of July of the assessment year.

For the FY 2019-20, the due date for all taxpayers stands extended to 30 November 2020. Here’s the table of the due dates for FY 2019-20 for different categories of taxpayers:

Category of Taxpayer Due Date for Tax Filing – FY 2019-20
Individual 30 November 2020
Body of Individuals (BOI) 30 November 2020
Hindu Undivided Family (HUF) 30 November 2020
Association of Persons (AOP) 30 November 2020
Businesses (Requiring Audit) 30 November 2020
Businesses (Requiring TP Report) 30 November 2020

LATEST UPDATE

As part of COVID-19 relief measures, the various due dates for filing the income-tax returns for the FY 2019-20 (AY 2020-21) stand extended to 30 November 2020 for all types of taxpayers.

Also, let’s take a look at the due dates for the FY 2018-19:

Category of Taxpayer Due Date for Tax Filing – FY 2018-19
Individual 31st August 2019
Body of Individuals (BOI) 31st August 2019
Hindu Undivided Family (HUF) 31st August 2019
Association of Persons (AOP) 31st August 2019
Businesses (Requiring Audit) 31st October 2019
Businesses (Requiring TP Report) 30th November 2019
 

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    Important Due Dates of Income tax return filing for the year 2020

  Whenever we talk about income tax, there is various kind of compulsory tax formalities that need to be followed by a person and that too within the specified due dates prescribed, such as filing of income tax returns, paying advance tax on time.

  Here is the TAX CALENDAR for the FY 2020-21:

Due Date Tax Due
15th June 2020 Due date for the first instalment of advance tax for the FY 2020-21
15th September 2020 Due date for the second instalment of advance tax for the FY 2020-21
31st October 2020 Due date for filing of  tax audit report/income tax return for the FY 2019-20 for the following:

i. companies

ii. Non-Companies Whose books are required to be audited
30th November 2020 i. The due date for filing Audit report for the FY 2019-20 in case of a person who is required to submit a report pertaining to international or specified domestic transactions under section 92E

ii. The due date for the report to be furnished in Form 3CEB in respect of international and specified domestic transactions

iii.The due date for filing of Income-tax Return for FY 2019-20 for all types of taxpayers

15th December 2020 Due date for the third instalment of advance tax for the FY 2020-21
15th March 2021 i. The fourth instalment of advance tax due for the FY 2020-21

ii. The due date for the whole amount of advance tax for FY 2020-21 for taxpayers covered under the presumptive scheme of Section 44AD and 44ADA

Read about how to calculate and pay Advance Tax.

  Further, here, it would be relevant to mention that if the due date for filing the original return of income is missed, on can file a return belatedly called a belated return for the FY 2019-20 on or before 31 March 2021.    

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