To keep away from penalty, the revised or delayed earnings tax return for FY 2019-20 additionally wants to be filed by 31 March
It’s March 31, 2021, which additionally means it is the final day for submitting of Income Tax Returns for the evaluation yr 2020-21.
Last Saturday, the Income Tax Department requested the taxpayers not to ignore the date and added that it was their final likelihood to file the ITR.
“DO NOT IGNORE THIS! If you haven’t filed your Income Tax Return (ITR) yet, this is your last chance to do so. The last date to file your ITR for AY 2020-2021 is March 31st, 2021,” the Income Tax Department tweeted.
DO NOT IGNORE THIS!
If you haven’t filed your Income Tax Return (ITR) but, that is your final likelihood to achieve this.
Last date to file your ITR for AY 2020-2021 is March 31st, 2021#SmartBanoFileKaro pic.twitter.com/xebzfFG8vi
— Income Tax India (@IncomeTaxIndia) March 27, 2021
Businessmen and different professionals:
Besides the salaried class, businessmen and different professionals are additionally anticipated to file their ITR right this moment. The tax division had reminded them too. “Attention Businesses and Professionals. If tax has been deducted on your receipts/income, but you haven’t filed your Income Tax Return (ITR), please do so at the earliest,” the division tweeted just a few days in the past.
Attention Businesses and Professionals.
If Tax has been deducted in your receipts/earnings, however you have not filed your Income Tax Return (ITR), please achieve this at the earliest.
— Income Tax India (@IncomeTaxIndia) March 24, 2021
To keep away from penalty, the revised or delayed earnings tax return for FY 2019-20 additionally wants to be filed earlier than 31 March, 2021. Filing the ITR later might lead to the imposition of a late charge of Rs 10,000. But you have got to pay solely Rs 1000 as a late charge in case your earnings is lower than Rs 5,00,000.
Registration course of for brand spanking new customers
Many of you can be submitting your ITR for the primary time and if that is the case, then you can be required to register your self first. Go to the ‘New To e-Filing’ part on the web site of the I-T division after which click on on ‘Register Yourself’.
Select the ‘User Type’ subsequent, and click on ‘Continue’. Enter the main points it asks for, do the verification of registration and examine if it was profitable.
You can file your ITR by visiting the official web site of the Income Tax Department of India at incometaxindiaefiling.gov.in. If that is not what you’re comfy with, name on 18001030025 for any queries, doubts or points that you just would possibly face when you are submitting the ITR.
Steps to file ITR online:
Step 1: Visit the official Income Tax e-Filing portal, www.incometaxindiaefiling.gov.in
Step 2: Login to the e-Filing portal by getting into person ID – Permanent Account Number (PAN), Password, Captcha code and click on ‘Login’.
Step 3: Click on the ‘e-File’ menu and click on ‘Income Tax Return’ hyperlink.
Step 4: You shall be directed to a brand new web page, which can have your PAN particulars auto-populated. Select the ‘Assessment Year’, then the ‘ITR Form Number’, choose ‘Filing Type’ as ‘Original/Revised Return’.
Step 5: Under ‘Submission Mode’ choose ‘Prepare and Submit Online’
Step 6: Then click on on ‘Continue’
Step 7: Read the directions fastidiously and fill all of the relevant/obligatory fields of the ITR type
Step 8: Under the ‘Taxes Paid and Verification’ tab, select the suitable Verification possibility – a)I would love to e-Verify, b)I would love to e-Verify later inside 120 days from date of submitting, or c)I do not need to e-Verify and would love to ship a signed ITR-V by means of regular or velocity put up to Centralized Processing Center (CPC), Income Tax Department, Bengaluru – 560500, inside 120 days from date of submitting
Step 9: To as soon as once more undergo all the information entered within the ITR, click on on the ‘Preview and Submit’ button
Step 10: , Next, click on on ‘Submit’ the ITR
Step 11: On Choosing ‘I would love to e-Verify’ possibility, e-Verification might be achieved by means of any of the next strategies by getting into the EVC/OTP when requested for
Step 12: The EVC/OTP ought to be entered inside 60 seconds else, the Income Tax Return (ITR) shall be auto-submitted. The submitted ITR ought to be verified later by utilizing ‘My Account > e-Verify Return’ possibility or by sending signed ITR-V to CPC
Step 13: View the uploaded/up to date ITR