INCOME TAX RETURN ITR FILE LAST DATE 2021 AY 2021-2022 AND PANELTY

        The due date for filing ITR INCOME TAX RETURN for the AY 2021-2022 has been extended to 31 DEC 2021. Being late, an individual need to give late fee if he/she fails to file the ITR on or before the due/ last date of filing Income Tax ie, 31 DEC 2021.
        Earlier, the last date to file Income tax return was set to be as Sep 30 2021. But due to problems arising on the New ITR portal, the government has extended the deadline. And before that too, the expected last date was July 31 2021. But that was extended due to Covid wave. So, this year, the last date for filing ITR has been extended 3 times and final last date to file the ITR is now as mentioned above.
        In case, if someone fails to file ITR on or before the last date, then a late fee/ panelty of upto Rs 5000/- and a maximum panelty of Rs 10,000/-. For SMALL TAX PAYERS (income less than 5 lakh pa), maximum panelty will be Rs 1000/-.

FILE INCOME TAX RETURN AFTER THE DUE DATE:
            The process of filing income tax before and after the due date remains the same. The difference only being late is the panelty and the liability of paying interest on the remaining tax at the rate of 1% per month.
To file income tax online: https://www.incometax.gov.in/iec/foportal
https www incometax gov in/ iec/foportal.

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