Anonymous
  • 1

Can I file ITR for AY 2020/21 now?

  • 1
Can I file ITR for AY 2020/21 now?
Share

2 Answers

  1. Technically you should be able to file belated returns for AY 2020-21 till 31 March 2021. However, a penalty of up to Rs. 10,000 may be applicable.

    • 0
  2. As per Income tax law, belated and revised ITRs can be filed voluntarily after the normal deadline, up to March 31 of the assessment year i.e, 31.03.2021 for A/Y 2020-2021. If the March deadline is missed then the taxpayer cannot voluntarily file his/her ITR. A notice will be served to the taxpayer under section 143(2) stating non-compliance as the reason of notice. ITR can only be filed in response to such notice from the tax department.

    • 0

Leave an answer

You must login to add an answer.