{"id":2187,"date":"2020-01-21T18:58:00","date_gmt":"2020-01-21T13:28:00","guid":{"rendered":"http:\/\/cacube.in\/?p=2187"},"modified":"2023-01-24T22:21:54","modified_gmt":"2023-01-24T16:51:54","slug":"income-tax-due-dates-for-fy-2019-20-ay-2020-21","status":"publish","type":"post","link":"https:\/\/cacube.in\/?p=2187","title":{"rendered":"Income tax due dates for FY 2019-20 (AY 2020-21)"},"content":{"rendered":"
Category<\/th>\n | Sub-Category<\/th>\n | Due date<\/th>\n<\/tr>\n | ||||||||||||||||||||||||||||||||||||||||||||
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Individual & HUF<\/td>\n | whose accounts are required to be audited u\/s 44AB (ITR-3)<\/td>\n | 30th September 2020 (extended to 31st Jan. 2021)<\/span><\/strong><\/td>\n<\/tr>\n\u00a0<\/td>\n | A working partner where the firm in which he is a working partner has to get its accounts audited u\/s 44AB. (ITR-2)<\/td>\n | 30th September 2020 (extended to 31st Jan. 2021)<\/span><\/strong><\/td>\n<\/tr>\n | \u00a0<\/td>\n | who is required to furnish report u\/s 92E<\/td>\n | 30th November 2020 (extended to 31st January 2021)<\/span><\/strong><\/td>\n<\/tr>\n | \u00a0<\/td>\n | \u00a0Other Individuals or HUF (ITR-1 or ITR-2 or ITR-4-Sugam)<\/td>\n | \u00a031st July 2020 (extended to 31st December 2020)<\/span><\/strong><\/td>\n<\/tr>\n | \u00a0Firms, LLP, AOP, BOI, AJP, HUF, Co-op. Society , Local authority<\/td>\n | If required to get its accounts audited under income tax law or any other law (ITR-5)<\/td>\n | 30th September 2020 (extended to 31st Jan. 2021)<\/span><\/strong><\/td>\n<\/tr>\n | \u00a0<\/td>\n | If not required to get its accounts audited (ITR-5)<\/td>\n | 31st July 2020 (extended to 31st December 2020)<\/span><\/strong><\/td>\n<\/tr>\n | \u00a0Company<\/td>\n | Any Corporate Assessee (ITR-6)<\/td>\n | 30th September 2020 (extended to 31st Jan. 2021)<\/span><\/strong><\/td>\n<\/tr>\n | \u00a0Trust, Colleges, political parties<\/td>\n | Trust, Political parties and colleges etc who are required to file return u\/s 139(4A), 139(4B), 139(4C) or 139(4D) (ITR-7)<\/td>\n | 30th September 2020 (extended to 31st Jan. 2021)<\/span><\/strong><\/td>\n<\/tr>\n | \u00a0<\/td>\n | If not required to get its accounts audited<\/td>\n | 31st July 2020 (extended to 31st December 2020)<\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | Note: (1) As per section 139(4) any person who has not furnished a return within the time allowed to him under sub-section (1), may furnish the return for any previous year at any time before the end of the relevant assessment year or before the completion of the assessment,<\/strong> whichever is earlier. This is called belated return.<\/strong><\/p>\n (2) As per section 139(5) (as amended by Finance Act 2017) return filed as above can be revised up to the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. After amendment by the Finance Act\u20192016, the belated return<\/strong> can also be revised.<\/p>\n (3) W.e.f Financial year 2017-18, penalty u\/s 234F<\/strong> is introduced for delay in filing the return. If assessee failed to furnish return of income within due date as prescribed in section 139(1) then he is required to pay penalty as follows:-<\/p>\n Note-<\/p>\n (1) Only If your total tax liability is Rs 10,000 or more in a financial year then you have to pay advance tax.<\/p>\n (2) Taxpayers who opt for presumptive scheme are exempt from advance tax for FY2017-18.<\/p>\n (3) Upto FY 2015-16, there were separate percentage of advance tax payable for individual (nil, 30%, 60% & 100% due on same dates ) and separate percentage of advance tax for corporates (15%, 45%, 75% & 100% due on same dates) But by Budget 2016 (W.e.f FY 2016-17) common percentage of advance tax payable is made applicable for all assessees except the assesee who declares his income in accordance with section 44AD & 44ADA.<\/p>\n (4) Any payment of tax made on or before 31st march of same FY, shall also be treated as advance tax.\u00a0<\/p>\n |