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Question: Income tax filing india?

Taxpayer can file ITR 1 and ITR 4 online. Go to the Income Tax e-Filing portal, Login to e-Filing portal by entering user ID (PAN), Password, Captcha code and click ‘Login’. Click on the ‘e-File’ menu and click ‘Income Tax Return‘ link. On Income Tax Return Page:

Can I file ITR for AY 2020/21 now?

In a major relief to taxpayers, the Central Board of Direct Taxes (CBDT) on Saturday extended the deadline for filing income-tax returns ( ITR) for FY 2019-20 ( AY 2020-21 ) by a month till 31 December, 2020.

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

The due date for filing income tax return for assessment year 2020 – 21 has been extended till December 31. The Finance Ministry has granted an additional month to complete the process. Earlier, it was postponed from July 31, the annual due date for filing returns, to November 30 due to the Covid-19 pandemic.

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How can I file my income tax return 2020?

On Income Tax Return Page: 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’

Is ITR Date Extended 2020?

The income tax return ( ITR ) filing deadline for FY 2019-20 has been further extended to December 31, 2020 , for most individual taxpayers, from the earlier deadline of November 30, 2020 . This the second time the tax return filing deadline for FY2019-20 has been extended .

What is the income tax slab for AY 2020 21?


Taxable income Tax Rate (Existing Scheme) Tax Rate (New Scheme)
Up to Rs. 2,50,000 Nil Nil
Rs. 2,50,001 to Rs. 5,00,000 5% 5%
Rs. 5,00,001 to Rs. 7,50,000 20% 10%
Rs. 7,50,001 to Rs. 10,00,000 20% 15%

What is itr1 itr2 itr3 and ITR 4?

ITR – 4 or Sugam The current ITR 4 is applicable to individuals and HUFs, Partnership firms (other than LLPs) which are residents having income from a business or profession. It also include those who have opted for the presumptive income scheme as per Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act.

What is the last date for filing income tax return 2020?

The government extended the deadline to file income tax return ( ITR ) for FY 2019-20 for most individuals from the earlier deadline of December 31, 2020 , to January 10, 2021, as per the press release dated December 30, 2020 .

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Can I file ITR for AY 2019/20 now?

If you have missed the due date to file your return, you can still file it before 10th Jan 2021 without any late filing fees. Individuals must file Income Tax Returns ( ITR ) on or before the 10th January 2021 of this financial year. For instance, ITR of FY 2019-20 that ended on 31 March 2020 is due on 1oth January 2021.

What is the last date of TDS payment for March 2020?

1. TDS payment due dates

Month of Deduction Quarter ending Due Date for filing of Return from the financial year 2020 -21 for All Deductors
December 31st December 31st Jan
January 31st March 31st May (31st July for Q4 of FY 2019-20 ending March 2020 )

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How do I submit my eFiling 2020 tax return?

How to use SARS eFiling to File Income Tax Returns STEP 1: Get started by logging in. Go to STEP 2: Generate your ITR12 tax return . STEP 3: Start work on your income tax return . STEP 4: Using the Wizard to setup the sections of your return . STEP 5: Complete your return in eFiling . STEP 6: Submit and you’re done!

Which ITR for salary?

If you are salaried individual having income above Rs 50 lakhs , you should file ITR 2. And if you are having income from business or profession, then you should file ITR 3. In case you are following presumptive income u/s 44AD /44AE, then you should file ITR 4 (sugam).

How do I file my 2020/21 tax return?

Step 1: Go to the official website of Income Tax Department of India – and register yourself. Step 2: Login with your user ID (PAN), password, date of birth, and enter the captcha code as displayed on the page. Step 3: Click on the e- File tab and press on the ‘ Income Tax Return ‘ link.

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What is the due date for tax filing FY 2019/20 AY 2020 21?

What is the last date of ITR for AY 2020 – 21 ? The last day for filing Income tax returns for FY 2019-20 is 31st December 2020 for most of the individual taxpayers. Last date for income tax return filing for taxpayers whose accounts needs to be audited is 31st January 2021.

Who can use ITR 7?

Any taxpayer can use ITR – 7 Form for filing Income Tax Return if they file as a Trust, Company, Firm, Local authority, Association of Person (AOP) or Artificial Judicial Person and claims exemption under Section 139 (4A), Section 139 (4B), Section 139 (4C)or Section 139 (4D).

Are you filing return of income under seventh?

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 of income due to the fact

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