Question: How Do I File My ITR For 2020?

What is the last date for filing ITR for AY 2020 21?

Extend due dates for Income Tax Audit & Returns for AY 2020-21Return /Audit ReportsPresent Due DatesRequested Due DatesTax Audit/TP Audit31st Dec.,202028th Feb, 2021Income Tax Return (Audit Case)31st Jan, 202131st March, 2021Income Tax Return (Non Audit)31st Dec., 202028th Feb, 20213 days ago.

Can I file my ITR for AY 2019/20 now?

Late Filing of Income Tax Return 2019: The due date to file income tax return (ITR) for Financial Year 2018-19 (Assessment Year 2019-20) was extended from 31 July 2019 to 31 August 2019. … Belated return for FY 2018-19 can only be filed on or before 31 March 2020.

How can I download ITR 2 for AY 2020 21?

Under the Download tab, click “Offline Utilities”Click on “Income Tax Return Preparation Utilities”Select your Assessment Year.Click on “Excel Utility” for filling the details by hand under ITR 2 column and download the file.Open the downloaded file and fill in the details.

Which ITR form should I fill for AY 2020 21?

ITR-1 form for AY 2020-21 is valid for individuals who have deposited more than Rs 1 crore in bank accounts or have incurred Rs 1 lakh or Rs 2 lakh on electricity or foreign travel, respectively.

What is the last date for ITR 2020?

31 December 2020The last date to file income tax return (ITR) for the financial year 2019-2020 (FY20) is 31 December 2020. Usually the deadline of ITR filing is 31 July of each year, but due to the COVID-19 pandemic, the deadline has been extended by the Central Board of Direct Taxes (CBDT).

Can I file ITR for last 3 years now?

A tax return can only be filed ONLINE for FY2018-19 (AY2019-20) and FY2019-20 (AY2020-21). Also for FY2018-19, tax return can be filed online only till 30th June 2020, unless extended.

What is the last date for tax return 2020?

July 15, 2020The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020.

When can I file my 19 20 tax return?

The tax return deadline if you’re lodging your tax return yourself is October 31 (read our comparison on lodging yourself versus using a tax agent). In other words, your tax return for the financial year from 1 July 2019 to 30 June 2020 must be filed by 31 October 2020.

Can I file ITR for AY 2020/21 now?

All Income Tax Return Preparation Software for AY 2020-21 are now available for e-Filing. ITR 1, 2, 3, 4, 5 & 7 for AY 2020-21 is now available for e-Filing. ITR 6 will be available shortly.

How do I file my ITR for this year?

2. Online: Enter the relevant data directly online at e-filing portal and submit it. Taxpayer can file ITR 1 and ITR 4 online.PAN will be auto-populated.Select ‘Assessment Year’Select ‘ITR Form Number’Select ‘Filing Type’ as ‘Original/Revised Return’Select ‘Submission Mode’ as ‘Prepare and Submit Online’

Can I file 3 years of taxes at once?

If you are due a refund for withholding or estimated taxes, you must file your return to claim it within 3 years of the return due date. The same rule applies to a right to claim tax credits such as the Earned Income Credit.

How do I file my income tax return for assessment year 2020 21?

ITR 2020-2021 | The last date to file income tax return (ITR) for assessment year (AY) 2020-21 has been extended till 30 November. In order to file returns, the taxpayer will have to provide PAN number, Aadhaar number or enrollment ID.

What are the income tax slabs for AY 2020 21?

Income tax slab rate applicable for New Tax regime – FY 2020-21.Income Tax SlabNew Regime Income Tax Slab Rates for FY 2020-21 (Applicable for All Individuals & HUF)Rs. 5.00 lakhs- Rs 7.5 Lakhs10%Rs 7.5 lakhs – Rs 10.00 Lakhs15%Rs 10.00 lakhs – Rs. 12.50 Lakhs20%Rs. 12.5 lakhs- Rs. 15.00 Lakhs25%4 more rows•7 days ago

Can I file ITR now?

For individuals, even if you miss the ITR filing deadline of December 31, 2020 (For FY 2019-20), you can still file your return. It is will be termed as belated ITR. The last date to file belated ITR for FY 2019-20 is March 31, 2021.

Are you filing return of income under seventh?

Please note that Finance (No. 2) Act, 2019 has inserted a new seventh proviso to section 139(1) of the Income Tax Act, 1961 (‘the IT Act’) w.e.f. 01-04-2020 to provide for mandatory filing of ITR for those people who have certain high-value transactions even though that person is otherwise not required to file a return …