Income Tax efiling in India for FY 2023-24 (AY 2024-25)
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File ITR Now Hire eCA NowITR Due Date FY 2020-21 (AY 2021-22) β ITR Deadline Extended to Dec 31, 2021 β Last Date for Income Tax Filing
Income tax filing due dates for FY 2020-21 (AY 2021-22)
Category of Taxpayer | Due Date for Tax Filing β FY 2020-21 |
Individual / HUF/ AOP/ BOI (books of accounts not required to be audited) |
31st December 2021 (extended from 31st July) |
Businesses (Requiring Audit) | 15th February 2022 (extended from 31st October 2021) |
Businesses (Requiring TP Report) | 28th Feb 2022 (extended from 30th Nov 2021) |
Important due dates of income tax return filing for 2021
Whenever we talk about income tax , there are certain mandatory tax procedures that need to be followed within the specified dates, such as completing income tax forms, paying tax in advance, etc. Here is the TAX CALENDAR for the FY 2020-21 (AY 2021-22):
Due Date | Tax Due |
15th June 2021 | Due date for the first instalment of advance tax for the FY 2021-22 |
15th September 2021 | Due date for the second instalment of advance tax for the FY 2021-22 |
15th December 2020 | Due date for the third instalment of advance tax for the FY 2021-22 |
31st December 2021 | Completion of FY 2020-21 income tax return for individuals and organizations that are not responsible for tax research and who have not entered into any international or specific domestic transaction |
15th January 2022 | Submission of audit report (Section 44AB) of AY 2021-22 to taxpayers for inspection below Income Tax Act. |
31st January 2022 | Submission of AY 2021-22 audit report for taxpayers with transfer and specified rates home transactions |
15th February 2022 | ITR filing of taxpayers requiring audit (non-international or domestic specification transaction). |
28th February 2022 | ITR filing of TP cases (for taxpayers with international and specified domestic services). |
15th March 2022 | i. The fourth
instalment of advance tax due for the FY 2021-22 ii. 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 Read about how to calculate and pay Advance Tax. |
31st March 2022 | Last date for filing a belated return or revised return for FY 2020-21. |
What if you missed filing the return within the due date?
If the deadline for completing the first income return is a plow, one can file a return later than the due date, which is called late repayment. The Income Tax Department also specifies a due date for completing the late return. This date has now been reduced by 3 months to 31 December of the probationary year (unless extended by the government). However, the CBD has extended the deadline for completing the revised or suspended return for FY 2020-21 from 31 December 2021 to 31 March 2022.
- If you earn a salary, simply download your Form 16 and Myitronline prepares to return automatically and help you complete your e-mail completion faster
- If you work for a private person or run a small business or based business at home as a Kirana store or e-commerce retailer (Section 44AD or 44ADA), Myitronline is the easiest place to email your ITR-4. Our CAs can prepare and file your tax returns. Please see our CA-assisted tips here
- Myitronline automatically selects the correct ITR form that works for you. We support all ITR forms - ITR-1 , ITR-2 , ITR-3 , ITR-4 , ITR-5 , ITR-6 , and ITR-7
Frequently asked questions
How to claim an income tax refund after the due date?
How to file an income tax return after the due date?
How to pay income tax after the due date?
Under which section income tax return is filed after the due date?
What is the due date for filing income tax return?
Krishna Gopal Varshney
βKrishna Gopal Varshney co-founder & CEO of Myitronline.com. Myitronline is amongst the top emerging startups of Asia and authorized ERI by the Income Tax Department. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. β