If the taxpayers wished to disclose the data which they missed, they can do that by revising the ITR for Financial Year 2019-20 by 31st May 2021,” said Tarun Kumar, a Delhi-based chartered accountant. So, if you have to file a revised, belated return or original return for FY20, you can do it today.

Do taxes go from January to January?

In the U.S., the tax year for individuals runs from Jan. 1 to Dec. 31 and includes taxes owed on earnings during that period. The 2020 federal income tax filing deadline for individuals had been extended from April 15, 2021, to May 17, 2021.

When is the deadline to file income tax return?

The deadline for filing ITR for the fiscal year 2019-20 for all individual taxpayers, without any late fee was January 10, 2021. However, the Income Tax (I-T) department notified that all those who could not file their returns on income by January 10, can still do so by the end of this month.

When is the due date to file the ITR?

10th January 2021 is the due date for filing the ITR for FY 2020-21 for the assessee. A penalty will be imposed if you will not file the ITR within the due date however some other consequences and issues relevant to the delay.

When is the last date to file a TCS return?

We cover TDS return filing last date and TCS return filing due dates in a proper format (quarterly basis) for FY 2020-21 (AY 2021-22). Also, the taxpayer gets the details of TDS/TCS payment deposit on a monthly basis for government and non-government employees.

Which is the latest date to file TDs return?

As per the recent updates by the government on the TDS, TCS certificates, the department has extended the validity of both lower or nil TCS, TDS certificate till 30th June 2020 in the view of currently going coronavirus pandemic. SAG Infotech as always works for helping taxpayers by providing needful materials that make return filing work easy.