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ITR Filing Last Date - FY 2020-21

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Hiral Vakil

Due date
Income Tax Filing
ITR Due Date
Last updated on September 24th, 2021

Income Tax Return (ITR) filing is done after the completion of a financial year. Due dates to file Income Tax Returns (ITR) are as per section 139 of the Income Tax Act. The last date for filing ITR for different category of taxpayers are as follows:

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

due date extension for AY 2021-22

ITR Filing Last Date for FY 2019-20 ( AY 2020-21 )

Category of Taxpayer Original Due Date Extended Due Date
Taxpayers not Requiring Tax Audit 31st July 2020 10th January 2021
Taxpayers Requiring Tax Audit 30th September 2020 15th February 2021
Belated/Revised Return Due Date 31st March 2021 31st May 2021

 

The above due dates can be extended by the IT Department via order. The income tax return can also be filed after the due date. It will be considered as a belated return and late filing fees and penalty interest will be applicable. Hence it is always advisable to file ITR on or before the due date.

Tax Audit Due Date for FY 2020-21

Therefore, the following table explains the due date to file the tax audit report of business for the different Financial Years. You can also refer to the below section to know the due date extension for the tax audit.

Category of TaxpayerOriginal Due DateExtended Due Date
Businesses Requiring Tax Audit30th September 202115th February 2022
Category of TaxpayerOriginal Due DateExtended Due Date
Businesses not Requiring Tax Audit
31st July 202131st December 2021
Category of Taxpayer Original Due Date Extended Due date
Businesses Requiring Tax Audit 30th September 2020 15th February 2021
Category of Taxpayer Original Due Date Extended Due date
Businesses not Requiring Tax Audit 31st July 2020

10th January 2021 

Category of Taxpayer Original Due Date Extended Due Date
Businesses Requiring Tax Audit 30th September 2019 31st Oct 2019
Category of Taxpayer Original Due Date Extended Due Date
Businesses not Requiring Tax Audit 31st July 2019 31st August 2019

Categories of Taxpayers for Whom Tax Audit is Mandatory

Taxpayer Condition for Tax Audit
Business
  • Turnover is up to INR 1 Cr, Income is less than 6% or 8% of Turnover and Total Income exceeds the Basic Exemption Limit
  • Turnover is between INR 1 Cr and INR 2 Cr and Income is less than 6% or 8% of Turnover
  • Income is more than 6% or 8% of Turnover and taxpayer does not opt for Presumptive Taxation Scheme under Sec 44AD
  • Sales or Turnover or Gross Receipt exceeds INR 2 Crore
Profession
  • Gross Receipts exceeds INR 50 Lakhs
  • Income from the profession is less than 50% of Gross Receipts and Total Income exceeds the Basic Exemption Limit
  • The Income is more than 50% of Gross Receipts and the taxpayer does not opt for Presumptive Taxation Scheme under Sec 44ADA

Due Date for filing Revised Return

A taxpayer can revise a return if any mistake, omission or any wrong statement is found in the original return. Earlier up to FY 2016-17 (AY 2017-18), a revised return could be filed before the expiry of one year from the end of the relevant assessment year i.e, 31st March 2019 or before the completion of the assessment by the IT Department whichever is earlier.

Later, the timeline to file a Revised Return was reduced from 2 years to 1 year. From FY 2017-18 (AY 2018-19) onwards Revised Return can be filed before the end of the assessment year i.e, 31st March 2019, or before the completion of the assessment by the IT Department whichever is earlier. Further, from FY 2017-18 onwards, a Belated Return can also be Revised.

Revised Return is filed under section 139(5) of the income tax act. If an original return is filed in paper form then the revised return cannot be filed online.

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Due Date to file a Belated Return

From FY 2017-18 (AY 2018-19) onwards belated returns can be filed at any time before the end of the relevant assessment year or before completion of the assessment, whichever is earlier.

Belated Return attracts late filing fees under section 234F. Late filing fees of INR 5,000 are payable if the return is filed after the due date but before 31st December of the assessment year. If the return is filed after the 31st December then late filing fees of INR 10,000 are payable. However, the number of late filing fees to be paid cannot exceed INR 1,000 if the total income of the person does not exceed INR 5,00,000.

Let’s take an example to understand better: Mr. Arun forgot to file his ITR on or before 31st August 2018. His total income for FY 2017-18 was INR 4,50,000. Arun can file his belated return up to 31st March 2019. He files his return on 25th November 2018. Then his return will be considered as a belated return and late filing fees of INR 1,000 will be applicable to him since his income is less than INR 5,00,000.  

Up to FY 2016-17 (AY 2017-18), a belated return can be filed within one year before the end of the relevant assessment year or before completion of the assessment, whichever is earlier. Up to FY 2016-17, there were no late filing fees applicable to belated returns.

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FAQs

What is the due date for FY 19-20?

On account of COVID-19, the due dates have been extended. For taxpayers, under tax audit, the due date to submit the tax audit report is 31st December 2020 and due date to file ITR is 15th February 2021. For taxpayers, when tax audit is not applicable the ITR due date is 10th January 2021.

What are the documents needed to file ITR?

Following are some of the general documents required to file ITR:
1. Aadhaar
2. PAN
3. Bank account details
4. TDS Certificate (Form 16, Form 16A, Form 26AS)
5. Tax payment challan (Self-assessed Tax or Advance tax)
6. Original notice (In case of refiling the ITR)
These are the documents that are required to file the ITR: Aadhaar, PAN, (Form 16, Form 16A, Form 26AS), (Self-assessed Tax or Advance tax)

Who is eligible to file ITR?

All PAN holders should ideally file their ITR. However, If your income is more than INR 2.5 Lakh p.a then it is mandatory to file your ITR.

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