Individual income taxpayers who have not filed income tax returns (ITR)yet, hurry up because there are only three days left to file the return. The government had extended the last date for filing ITR for the financial year 2019-20 till 10 January 2021. At the same time, the statement issued by the Finance Ministry said that the deadline for filing returns for companies has also been increased by 15 days to 15 February. The date of filing ITR won’t be extended so fill it as early as possible.
The time limit for filing ITR has been repeatedly increased
Due to Coronavirus outbreak, the deadline for filing income tax returns has been increased again and again. The deadline for filing the first return was 31 July. Which was then extended to 31 November in view of the Corona crisis. Later it was again extended to 31 December. At the same time, for companies whose ITR audit is mandatory, the deadline was already set for January 31, it has now been extended to February 15.
More than 5 crore income tax returns filed till 4 January
Till the 4th of January for the financial year 2019-20, more than 5 crore income tax returns have been filed. Informed the Income Tax Department. According to the Income Tax Department, “for the assessment year 2020-21, more than 5.01 crore ITRs have been filed by January 4, 2021.” The deadline for filing ITR for the financial year 2018-19 was 31 August, for which more than 5.63 crore income tax returns were filed.
It only takes a few minutes to file an ITR. You need to keep your PAN, Aadhaar, bank account number, investment details and it’s proof/certificate, Form 16, Form 26AS, etc. All these details will be useful for the details while filling the ITR form.