income tax return filing last date

The income tax return filing last date 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 section 234A and penalty under section 234F.

Latest Updates

CBDT has issued a circular on 20th May 2021 extending the timelines for certain direct tax compliances for AY 2021-22.

1. ITR Filing:
i. The due date for filing ITR by taxpayers not covered under audit is extended from 31st July 21 to 30th Sep 21, for Tax audit cases it is extended to 30th Nov 2021 and for transfer Pricing cases, the due date is extended to 31st December. The due date to file a Belated or Revised Return is extended from 31st Dec 2021 to 31st Jan 2022.

2. Furnishing Audit Report:
i. The due date to furnish the audit report is extended to 31st Oct 2021, the audit report for transfer pricing cases is extended to 30th Nov 2021.

Union Budget 2021 Update:
Exemption from ITR filing to senior citizens aged 75 years and above, earning only pension and interest income.

It is important for all 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 the 31st of July whereas Corporates covered under audit can file their returns by 31st September of the assessment year.

Income tax filing due dates for the FY 2020-21 (AY 2021-22)

income tax return filing last date

Important Due Dates of Income-tax return filing for the year 2021

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 (AY 2021-22):

income tax return filing last date

What if you missed filing the return within the due date?

If the due date for filing the original return of income is missed, one can file a return later after the due date called a belated return for the FY 2019-20 on or before 31 March 2021.

The due date of filing the belated return is also specified by the income tax department. This date is now reduced by 3 months to 31st December of the assessment year as against the previous due date of the end of the assessment year. Hence the due date for filing the belated return for FY 2020-21 would be 31st December 2021.

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