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HomeUncategorizedWhat is the Due Date for Tax Filing? FY 2019-20, AY 2020-21

What is the Due Date for Tax Filing? FY 2019-20, AY 2020-21

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The due date for filing income tax returns is the date by which the returns can be filed without any late fee or penalty. The taxpayers filing their return beyond such due date will have to pay interest under 234A and penalty under section 234F. It is important for all the taxpayers to remember the due date of filing income tax returns. The due date varies on the basis of taxpayers. For instance, salaried individuals are usually required to file their income tax returns by 31st of July of the assessment year. For the FY 2019-20, the due date for all taxpayers stands extended to 30th November 2020. Here’s the table of the due dates for FY 2019-20 for different categories of taxpayers:



Category of Taxpayer Due Date for Tax Filing – FY 2019-20
Individual 30 November 2020
Body of Individuals (BOI) 30 November 2020
Hindu Undivided Family (HUF) 30 November 2020
Association of Persons (AOP) 30 November 2020
Businesses (Requiring Audit) 30 November 2020
Businesses (Requiring TP Report) 30 November 2020

 

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Also Read: The Mutual Fund Show: Understanding The Basics Of Investing

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Important Due Dates of Income tax return filing for the year 2020   Whenever we talk about income tax, there is various kind of compulsory tax formalities that need to be followed by a person and that too within the specified due dates prescribed, such as filing of income tax returns, paying advance tax on time.   Here is the TAX CALENDAR for the FY 2020-21:

Due Date Tax Due
15th June 2020 Due date for the first instalment of advance tax for the FY 2020-21
15th September 2020 Due date for the second instalment of advance tax for the FY 2020-21
31st October 2020 Due date for filing of  tax audit report/income tax return for the FY 2019-20 for the following: i. companies ii. Non-Companies Whose books are required to be audited
30th November 2020 i. The due date for filing Audit report for the FY 2019-20 in case of a person who is required to submit a report pertaining to international or specified domestic transactions under section 92E ii. The due date for the report to be furnished in Form 3CEB in respect of international and specified domestic transactions iii.The due date for filing of Income-tax Return for FY 2019-20 for all types of taxpayers
15th December 2020 Due date for the third instalment of advance tax for the FY 2020-21
15th March 2021 i. The fourth instalment of advance tax due for the FY 2020-21 ii. The due date for the whole amount of advance tax for FY 2020-21 for taxpayers covered under the presumptive scheme of Section 44AD and 44ADA Read about how to calculate and pay Advance Tax.

 

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