Income Tax Returns: The deadline for filing income tax returns is tomorrow, January 10, 2021, by individual taxpayers for the financial year 2019-20, as set by the income tax department. On December 30, 2020, the government had extended the deadline to file the income tax return (ITR) for individuals by 10 days. Earlier, the last date was December 31, 2020. In order to provide relief to taxpayers amid the COVID-19 pandemic, the government extended the last date for filing ITR’s for the third time. The first deadline was July 31, 2002, which was then extended to November 30, 2020, and then to December 31, 2020. (Also Read: Filed Your Income Tax Return? Here’s The Right Form For You )
The due date for filing declaration under the direct tax dispute resolution scheme Vivad Se Vishwas has also been extended by a month till January 31. Additionally, the date for filing GST annual return for 2019-20 fiscal has been extended by two months, i.e., till February 28, 2021.
In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of COVID-19, the Govt further extends the dates for various compliances. Press release on extension of time limits issued today: pic.twitter.com/lMew09HXMq
— Income Tax India (@IncomeTaxIndia) December 30, 2020
Here’s how you can file your ITR through the official income tax department website in six simple steps:
- Visit the income tax department’s portal
On the portal (www.incometaxindiaefiling.gov.in) for filing returns online, register yourself using your Permanent Account Number (PAN). Your PAN will be your user ID. If already registered yourself, click on ‘Log in here’ on the website
Click on the e-file option or on the “Income Tax Return” link. Select the correct assessment year, ITR form number, the filing type as ‘original/revised return’, the submission mode as ‘prepare and submit online’, then click on continue.
- Fill all details, compute the tax
Read the instructions and fill in all the mandatory details in the form. Calculate the final tax payable and then proceed.
- Preview the form
After calculating the tax, confirm all the tabs of the ITR form. Select the correct verification option in the ‘taxes paid and verification’ tab. Click on ‘preview and submit’
- Verify ITR
Verify returns using the Electronic Verification Code (EVC) or Aadhaar OTP or digital signature certificate.
- Submit the income tax return
Enter the EVC or the OTP received on your mobile number within one minute.