Sage-Tips

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

December 31
The last date of filing income tax returns for the assessment year 2020-21 is December 31. The Central Board of Direct Taxes (CBDT) Income Tax Department had extended the deadline for filing of ITRs from September 30, 2021, to December 31, 2021, on September 9, 2021.

What is the tax extension deadline for 2020?

This filing and payment relief includes: The 2019 income tax filing and payment deadlines for all taxpayers who file and pay their Federal income taxes on April 15, 2020, are automatically extended until July 15, 2020. This relief applies to all individual returns, trusts, and corporations.

When can I submit tax return 2020?

The filing deadline for tax returns has been extended from April 15 to July 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible.

When Can U start filing taxes?

Each year, the IRS issues a statement in early January with the first day to file taxes. Typically, the official date when you can file taxes falls in mid to late January. January 2021 update: The IRS announced it will start processing tax returns Feb. 12.

When should we file an itr?

Income tax returns has to be filed within a pre-determined due date to avoid penalties. For the Financial Year 2018-2019/ Assessment Year 2019-2020), tax returns must be filed before 31 July 2019 for individuals, and by 30 September 2019 for businesses. Though filing ITR can be a tedious task, it comes with a number of advantages:

When can I start filing?

When Can I Start Filing My 2020 Tax Return? The IRS recently announced that you can start filing your 2020 tax returns starting on February 12, 2021, well after Groundhog Day.

When is the filing deadline?

Individual income tax returns: April 15 falls on a weekday in 2021, and it’s not a holiday this year, so the filing deadline for your 2020 personal tax return is Estimated tax payments for the 2020 tax year (IRS Form 1040): For 2020, these were due on July 15 and Sept. Partnership returns (IRS Form 1065): These are due March 15, 2021.

Is Itin required before filing due date?

For most taxpayers, the due date to file an income tax return this year is May 17, 2021 . Submitting an application past the tax due date may result in interest or penalties, so apply for an ITIN either before your income tax return is due or at the time of filing.