ITR Due Date for FY 2020-21 (AY 2021-22)

ITR Due Date for FY 2020-21 (AY 2021-22)

The last date to file Income Tax Return is know as due date of ITR. If a person is filing return on or before due date then he is not required to pay any kind of penalty but if delays it then may be he will be liable to pay penalty.

It is important for all taxpayers to remember the due date of filing Income Tax Returns (ITR). The due date of filing ITR varies from taxpayer to taxpayer.

For instance, salaried individuals are usually required to file their income tax returns by the 31st of July whereas Corporates covered under audit can file their returns by 31st September of the assessment year.

If the taxpayers failed to file ITR within due date then will be liable to pay interest under section 234A and penalty under section 234F.

Important Due Dates for the financial year 2020-21 (AY 2021-22)

   
Type of Taxpayer   
   
Due Date for FY 2020-21   
   
Individual/   HUF/ AOP/ BOI
   
(Not   required to audit Books of Accounts)   
   
31st   December 2021
   
(Extended   from 31st July 2021)   
   
Business   requiring audit   
   
15th   February 2022
   
(Extended   from 31st October)   
   
Businesses   requiring TP Report   
   
28th   February 2022
   
(Extended   from 30th November)   

Important due dates of Income tax return filing for the year 2021

Due DateTax Due
15th June 2021
first instalment of advance tax for the FY 2021-22
15th September 2021second instalment of advance tax for the FY 2021-22
15th December 2021third instalment of advance tax for the FY 2021-22
31st December 2021individuals and entities not liable for tax audit and who have not entered into any international or specified domestic transaction
15th January 2022Submission of audit report (Section 44AB) for AY 2021-22 for taxpayers liable for audit under the Income Tax Act.
15th February 2022ITR filing for taxpayers requiring audit (not having international or specified domestic transactions).
28th February 2022ITR filing for TP cases
15th March 2021

i) The fourth instalment of advance tax due for the FY 2021-22
ii) Last date for filing belated return or revised return for FY 2020-21
iii) 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.

If you are willing to file your ITR then just download the Taxofile app and fill few details; or else you can file the return even on our website. For any tax related query and to get hassle free services contact Taxofile.

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