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Urgent Update On Income Tax Return Last Date For 2021

The Income Tax department has announced relaxation to all those who missed or could not submit the Income Tax return form this year

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Pooja Suryavanshi
Updated On

The Income Tax department has made a big announcement for all the taxpayers in India. They are providing relaxation to all those who missed or could not submit the Income Tax return form for the assessment year 2020-21.

The announcement was made in view of pending e-verification in large numbers, said the Central Board of Direct Taxes (CBDT). The extended time period will give sufficient time to taxpayers in resolving this issue.

income tax return
Income Tax e-filling portal and verify it through Aadhaar. A physical copy of the same is required to be posted at the Bengaluru center of the Income Tax Department.

Also Read: IT Recovered Rs 150 Crore In Cash From A Perfume Trader, No Arrest Till Now

Income Tax Return Deadline 2021

income tax return

Other than these, a penalty of Rs 5,000 is applicable on those filing tax returns after the due date if their income is above Rs 5 lakhs. In case the income is less than the mentioned bar, a penalty of Rs 1000 will be applicable.

Taxpayers who miss the last date as well i.e. 31st March 2022 will be a bigger loss as they have to pay a penalty of half of the amount paid as tax.

Income Tax Return Last Date income tax e-filling portal e-filling of income tax Income Tax Return Income Tax