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
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.