Due to Corona, the deadline for filing income tax returns has been increased again and again. The deadline for filing the first return was 31 July. Which was done on 31 November in view of the Corona crisis. Later it was again extended to 31 December. After this, the deadline was extended till 10 January.
Individual income tax payers who have not filed income tax returns yet, hurry up because there are only three days left to file the return. Explain that the government had extended the last date for filing ITR for the financial year 2019-20 till 10 January 2021. At the same time, the statement issued by the Finance Ministry said that the deadline for filing returns for companies has also been increased by 15 days to 15 February. The date of filing ITR is now very less likely to go ahead, so you fill it as soon as possible.
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Time limit for filing ITR has been repeatedly increased
Please tell that due to Corona, the deadline for filing income tax returns has been increased again and again. The deadline for filing the first return was 31 July. Which was done on 31 November in view of the Corona crisis. Later it was again extended to 31 December. At the same time, for companies whose ITR audit is mandatory, the deadline was already set for January 31, it has now been extended to February 15.
More than 5 crore income tax returns filed till 4 January
Explain that till the 4th of January for the financial year 2019-20, more than 5 crore income tax returns have been filed. This thing has been told by the Income Tax Department. According to the Income Tax Department, “for the assessment year 2020-21, more than 5.01 crore ITRs have been filed by January 4, 2021.” Explain that the deadline for filing ITR for the financial year 2018-19 was 31 August, for which more than 5.63 crore income tax returns were filed.
It only takes a few minutes to file an ITR. If you have not filled it yet, then we are telling you how it can be filled in minutes.
While filling the ITR form, keep these things,
to file ITR with you, keep your PAN, Aadhaar, bank account number, investment details and its proof / certificate, Form 16, Form 26AS, etc. All these details will be useful for the details you fill.
Choose the correct form
You have to choose the right form for you.
You should know which form you have to fill.
Like ITR 1 ‘Sahaj’ form is for those whose total income is up to Rs 50 lakh. They have to earn up to a total of Rs 50 lakh annually through salary, rent from a house property, interest on savings account etc.