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

Updated on

Budget 2021 update: The ‘Tax Audit’ limit under Section 44AB has been increased from Rs.10 crores to Rs.5 crores where 95% of business transactions are done in digital mode.
Budget 2021 update :It has been proposed to exempt the senior citizens from filing income tax returns if pension income and interest income are their only annual income source. Section 194P has been newly inserted to enforce the banks to deduct tax on senior citizens more than 75 years of age who have a pension and interest income from the bank.

LATEST UPDATE:

The last date of income tax return (ITR) filing for FY 2019-20 (AY 2020-21) is extended to 10th January 2021. For tax audit and TP audit, the last due date is 15th february 2021.
Budget 2021 Live will be announced on 1st February 2021 addressed by FM Nirmala Sitharaman
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.
 

Income tax filing due dates for the FY 2019-20

Category of Taxpayer Due Date for Tax Filing – FY 2019-20
Individual 10th January 2021
Body of Individuals (BOI) 10th January 2021
Hindu Undivided Family (HUF) 10th January 2021
Association of Persons (AOP) 10th January 2021
Businesses (Requiring Audit) 15th February 2021
Businesses (Requiring TP Report) 15th February 2021
Not sure whether you should file an income tax return? Read our article. You can use ClearTax to e-File your IT Return right away.  

I. If you get the salary, then you can simply upload your Form-16 and ClearTax will prepare your return automatically and help you finish e-filing quickly

 

II. If you are a freelancer or run a small business or a home-based business like a Kirana store or an e-commerce seller (Section 44AD or 44ADA), ClearTax is the easiest place to e-file your ITR-4. Our CAs can prepare and e-file your income tax return. Have a look at our CA assisted plans here

 

III. ClearTax automatically selects the correct ITR form applicable to you. We support all ITR forms – ITR-1ITR-2ITR-3ITR-4ITR-5ITR-6, and ITR-7

 

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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
15th December 2020 Due date for the third instalment of advance tax for the FY 2020-21
10th January 2021 Due date to file income tax return for FY 2019-20 (AY 2020-21) other than audit cases.
15th st February 2021  The due date for filing of Income-tax Return for FY 2019-20 for taxpayers whose accounts are subject to tax audit and TP audit
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 later after the due date called a belated return for the FY 2019-20 on or before 31 March 2021.    

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Frequently Asked Questions

  • How to claim income tax refund after the due date?
    Income tax refund can be filed only when you file ITR. Hence if you have skipped the due date for filing ITR, you can file a belated return. A belated return can be filed either before the completion of the assessment year or by the end of the relevant assessment year, whichever is earlier. For instance, for the assessment year 2019 – 20, you can file a belated return before 31st August 2019 or, at the most, by 31st March 2020. However a penalty will be charged for belated return of Rs 10,000.
  • How to file an income tax return after the due date? how to file income tax after the due date?
    If you have skipped the due date for filing ITR, you can file a belated return. A belated return can be filed either before the completion of the assessment year or before the assessment is made , whichever is earlier. For instance, for the assessment year 2019 – 20, you can file a belated return before 31st August 2019 or, at the most, by 31st March 2020.However penalty will be charged for belated return of Rs 10,000.
  • How to pay income tax after the due date?
    If you have missed filing your return within the due date and payment of taxes, you can do so by filing belated ITR and paying the taxes to the government. Please note that the belated return can be filed latest before the completion of the AY. However a penalty will be charged for belated return of Rs 10,000.
  • Under which section income tax return is filed after the due date?
    Section 139(4) allows for filing of belated return i.e return after due date. However , the taxpayer will be charged a penalty of Rs 10,000 for delay in filing of return.
  • What is the due date for filing income tax return?
    Usually the due date to file income tax return is 31st july for individuals and non audit cases and 31st September for audit cases of the relevant assessment year. However the due date for FY 19-20 was extended by CBDT due to COVID -19 , extended due date for individuals and non audit cases is 31st December 2020 and audit cases is 31st january 2021.
  • How to revise income tax returns before the due date?
    In case the taxpayer wants to revise the original return due to some amendments , the same can be done using revised return u/s 139 (5). A revised return can be filed either before the completion of the assessment year or before the assessment is made , whichever is earlier.
  • How to revise income tax returns after the due date?
    In case the taxpayer wants to revise the original return due to some amendments , the same can be done using revised return u/s 139 (5). A revised return can be filed either before the completion of the assessment year or before the assessment is made , whichever is earlier. Taxpayers cannot file any return once this date is passed, however if the return was missed out due to an extreme situation , you can lodge a request to your AO seeking permission to file past returns u/s 119.
  • What happens if the income tax return is not filed before the due date?
    In case of failure of filing of income tax return within the due date, belated return can be filed. However a penalty will be charged for filing of belated returns. Hence it is advisable for timely filing of income tax returns unless in exceptional circumstances
  • What is the last date to file ITR ?
    The last date to file ITR for individuals is 31st July and 30th september of the relevant assessment year and 30th september for taxpayers whose accounts are subject to audit. This date has been extended for AY 2020-21 to 31st December and 31st january respectively due to pandemic. You can easily efile your income tax return with Cleartax for free under just 7 minutes
  • What is the last date of ITR for AY 2020-21?

    The last day for filing Income tax returns for FY 2019-20 is 31st December 2020 for most of the individual taxpayers. Last date for income tax return filing for taxpayers whose accounts needs to be audited is 31st January 2021. These dates were extended due to the ongoing pandemic situation. Filing of return beyond the deadline can attract a penalty upto Rs 10, 000.

    As the deadline is approaching very soon, it is never a good idea to wait for the return filing deadline. Filing your income tax return has been made easier with ClearTax free e-filing website

  • What is the last date to file ITR for AY 2016-17?
    Last date for filing income tax returns for AY 2016-17 for individuals is 31st July 2017 which got extended to 5th Aug 2016..
  • What is the last date of ITR for AY 2019-20?
    The last date for filing ITR for AY 2019-20 was extended from 31st July 2019 to 31th Aug 2019 for individuals .
  • What is the last date of ITR AY 2018-19?
    The last date for filing ITR for AY 2018-19 was extended from 31st July 2018 to 31th Aug 2018 for individuals.