The due date of filing your ITR is a date by which, the assessee can submit your Income Tax Return (ITR) without any late fee and penalty. In this post, we will know the extended due date of ITR for FY 2019-20. If the assessee fails to submit an Income Tax Return till the due date then he will be liable to pay Interest and Penalty.
Due Date of ITR for FY 2019-20
It is very important for all taxpayers to remember the due date of filing Income Tax Returns. For different taxpayers, the due date varies according to their status under the Income Tax Act. Here’s the due date of ITR for FY 2019-20 for different categories of taxpayers.
For non-audited assessee, now the due date is 10th January 2021
For audited assessee, the due date is 15th February 2021.
Important Update 30th December 2020- The Government has again extended the due date for Income Tax Return Filing (FY 2019-20)
| Particulars | Year/Month | Original Due date | Extended Due date |
| Income Tax Return- Non Audited assessee | FY 2019-20 (AY 2020-21) | 31.07.2020 | 10.01.2021 |
| Income Tax Return- Audited assessee | FY 2019-20 (AY 2020-21) | 31.10.2020 | 15.02.2021 |
Also Read- Last Date For Filing Income Tax Return For AY 2021-22
Penalty for Late Filing of ITR
As mentioned above, the due date of ITR for FY 2019-20 has been extended to 30th November 2020. Still if you not file your Income Tax Return in time then the Income Tax Department will penalize you and imposed a fee and Interest for the late filing of ITR.
The Complete details of Penalty can be read in below article-
Read Here- Penalty For Late Filing of ITR for AY 2020-21
Who is required to file Income Tax Return
Under Income Tax any person can file his Income Tax Return, even if his income is below taxable, but Income Tax Act prescribes a list of the person who is mandatorily required to file his Income Tax Return. Here you can read the list of persons who are mandatorily required to file his Income Tax Return.
Read Here- Who is required to file Income Tax Return- ITR Filing Eligibility
Benefits of Filing ITR
Even though filing of ITR is not mandatory for all the individuals but if you file your Income Tax Return there are certain benefits which one can avail. All the benefits you can read in the below menioned article.
Read Here- Benefits of Filing ITR- File your ITR to get these benefits
Join our Social Community
Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.
Feedback/Suggestion- Hope you all find it useful, please give your valuable feedback & let us know if there is an error. Thanks in Advance
Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants)
I am a retired teacher drawing monthly pension. In the financial year 2019-20 I redeemed my matured ULIP of UTI and claimed the maturity amount . Further I got the maturity amount from my matured 5 year post office recurring deposit scheme. In this case which form ITR1or ITR2 I should choose to file this year’s return.
You Need to file ITR1
Thanks
Thank
Sir, Please share the Circular/Notification extending the due date for filing TAR to 30th November 2020. I firmly believe that the same is still to be filed by 31st Oct.,2020.
There is no extension till date, if there is an extension, the same will be communicated to you with notification