How can I file my income tax return online for assessment year 2020-21?
Table of contents
- ITR Efiling – Login & Required Documents.
- Login.
- Enter Your Personal Information.
- Enter Your Salary Details.
- Provide your salary and TDS information.
- Enter the Details for Claiming Deduction.
- Enter the Details of Taxes Paid.
- e-File.
When can I file return for assessment year 2020-21?
The government has once again extended the deadline to file income tax return (ITR) for FY 2020-21 by three months to December 31, 2021 from September 30, 2021.
What is assessment year?
The assessment year (AY) is the year that comes after the FY. This is the time in which the income earned during FY is assessed and taxed. Both FY and AY start on 1 April and end on 31 March. For instance, for FY 2020-21, the assessment year is AY 2021-22.
How do I file an old tax return?
If you have received a notice from the Income Tax Department asking you to file your returns that go beyond 2 financial years, you can log on to www.cleartax.in to prepare your returns. You can then print this return and submit it to the Income Tax Office in your ward.
When can you file a 2021 tax return?
Even though taxes for most taxpayers are due by April 15, 2021, you can e-file (electronically file) your taxes earlier. The IRS likely will begin accepting electronic returns anywhere between Jan. 15 and Feb. 1, 2021, when taxpayers should have received their last paychecks of the 2020 fiscal year.
When can you file income tax 2021?
31st December 2021
ITR filing: The last date for income tax return or ITR filing for AY 2021-22 is 31st December 2021.
When can you e file taxes 2021?
Each year, the IRS issues a statement in early January with the first day to file taxes. Typically, the official date when you can file taxes falls in mid to late January. January 2021 update: The IRS announced it will start processing tax returns Feb. 12.
What is Assessment year & previous year?
Assessment Year. Meaning. Previous Year is the financial year, in which the assessee earns income. Assessment Year is the financial year, in which the income of the assessee earned during the previous year is evaluated and taxed.
When is the due date to file income tax return for 2020-21?
The due date to file Income Tax Return for FY 2020-21 (AY 2021-22) is 31st Dec 2021. The Government gives another helping hand to small taxpayers in fighting COVID-19 crisis by immediately issuing all pending Income Tax, GST & Customs refunds up to Rs 5 Lakhs. The due date to file Income Tax Return for FY 2020-21 (AY 2021-22) is 31st Dec 2021.
How to save taxes in Assessment Year 2020-21?
By following these options one can save taxes easily in the assessment year 2020-21: The maximum tax exemption allowed under section 80C is not changed and is retained to Rs.1.5 Lakh. Different investment options that can be claimed for tax deduction under section 80C are:
What is the due date for filing ITR 2021-22?
The due date for filing of Tax Audit Report for all categories of assessees whose account are required to be audited extended up to 30th September 2021. The revised last date is 31st October 2021. Revised & Belated ITR Due Dates for AY 2021-22
How to file income tax return for FY 2018-19 (Ay 2019-20)?
Tax2win is the reliable source to e-File Income Tax Return for FY 2018-19 (AY 2019-20). File ITR for income from Salary, Interest, Business, Capital Gains, House Property & utilize Deductions under 80C, 80D, 80CCF, 80G, 80E, 80U etc.
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