Income Tax India Alert: Do not wait for the last date, file ITR now

  • Post category:Tax

The last date to file ITR for the financial year 2019-20 (assessment year 2020-21) is 10 January. Many people file the last date ITR. For such people, the Income Tax Department has advised not to wait for the last date. Let us know that till Friday night 1248269 ITRs were filed. At the same time, till January 7, more than 5.27 crore income tax returns (ITR) were filed. The Income Tax Department gave this information on Friday.

15 February filing date for companies

The government has extended the last date for filing income tax returns for individual taxpayers till January 10. The filing of returns for the companies is 15 February. The Income Tax Department tweeted, “Over 5.27 crore income tax returns have been filed for the assessment year 2020-21 till January 7. The last date for filing income tax returns for the financial year 2018-19 was August 31, 2019. At that time 5.63 crore returns were filed.

Read also: ITR: File income tax return on your own in just 15 minutes, after January 10 it can take up to 10000 fine

Out of the income tax returns filed, 2.8 crore taxpayers have filed ITR-1. At the same time, till September 7, 2019, this figure was 3.1 crore. As of January 7, 2021, 1.23 crore ITR-4s were filed, while on its comparative date of September 7, 2019, 1.29 crore ITR-4s were filed. ITR-1 Sahaj Form can be filled by any common resident, whose annual income does not exceed Rs 50 lakh, giving information about his personal income.