Taxpayers ध्यान दें! ITR, TDS Payment, Belated/Revised Return भरने की आखिरी तारीख है करीब, जल्दी करें
Income Tax Return Deadlines:
In view of the second wave of corona epidemic, the Income Tax Department had recently put forward some timelines to provide relief to taxpayers.
Income Tax Return Deadlines:
In view of the second wave of corona epidemic, the Income Tax Department had recently put forward some timelines to provide relief to taxpayers. The Central Board of Direct Taxes (CBDT) had last extended several deadlines till April 30, 2021, after an appeal by taxpayers and tax advisors.
Deadline is until May 31, hurry up After this, the CBDT had extended the date of filing income tax returns for the financial year 2019-20 till May 31, in view of the increasing problems of taxpayers. That is, last year's ITR can now be filled by May 31, that is, now taxpayers have little time left to settle their tax related work.
Let's take a look at the deadlines for taxpayers that have been pushed forward.
1. Belated/Revised Income Tax Return
If you want to file a belated/ Revised ITR, then you can do this till May 31, 2021. According to the amendment of CBDT, the last date for filing the return filed under sub-section (4) of the Income Tax Act 1961 for the assessment year 2020-21 and the revised return under sub-section (5) is 31 March 2021. It has been increased to 31 May 2021.
2. TDS Payment
Under the Income Tax Act, 1961, section 194-IA, section 194-IB and 194M, the last date for TDS payment and invoice filling is 30 April 2021, which has been increased to 31 May 2021.
3. ITR in response to notice
If a taxpayer has received a notice under section 148 of the Income Tax Act, its date has also been extended to 31 May 2021, which was earlier on 1 April 2021.
4. Deadline of Chapter XX
Under Chapter XX of the Income Tax Act, the date of filing of appeal to the Commissioner has also been extended to 31 May, earlier this deadline was 1 April 2021. Under 144C, the date of filing of income tax has been extended to 31 May.
5. Conflict of Confidence Scheme (विवाद से विश्वास स्कीम )
With the controversy, the trust scheme has now been extended till June 30, 2021. The government has increased the deadline of the scheme being run under the resolution of direct tax disputes in view of the fast pace in Corona cases. The deadline for filing declaration forms under this scheme expired on 31 March. Dispute-to-trust scheme offers settlement of disputes. Under which the disputed tax has to be paid 100 per cent and 25 per cent of the disputed penalty, interest or fee. But taxpayers are exempted from any additional interest, penalty or lawsuit under the Income Tax Act.
FILING FOR INCOME TAX RETURN F.Y 2020-21(A.Y. 2021-2022)
Income tax filing deadline is right around the corner. If you haven’t filed yet, do it now for FREE on myitronline! Avoid last minute rush and file your tax return today on MYITRONLINE in 5 mins.( www.myitronline.com)
If you are looking for CA assistance to file your income tax return/ GST, you can opt for MYITRONLINE CA assisted plan starting
If you have any questions with filing your tax return, please reply to this mail.
firstname.lastname@example.org OR call 9971055886.