Not Filed the ITR on Due date? Can it be done now?

The Due date to file your ITR for the FY 2019-20 was extended to 10th January 2021 for non Audit taxpayers. If you have not Filed it on time it can be filed upto 31^st March 2021 by paying Late fees and Interest. Let us understand these in detail below.

Late Fees:

ITR can be submitted after 10^th Jan 2020, by paying penalty upto Rs.10,000/- as follows

Interest:

Taxpayers filing belated Return need to Pay Interest at the rate of 1% for every month, or part of a month, on the amount of tax remaining unpaid as per section 234A. there are interest u/s 234B and 234C of non-payment of Advance Tax

Last date for Belated Returns:

Last date for submission of Belated Return is 31^st March 2021. After this date Filing of Income tax Return for Financial Year 2019-20 is not possible.

For Easy and Accurate ITR Filing Contact IndianTax