What is the due date for TDS payment for March 2020?
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Has TDS payment date been extended?
The last date of filing Tax Deducted at Source (TDS) for the fourth quarter of financial year 2020-21 has been extended to June 30, according to the circular issued by the Income Tax department. Accordingly, the due date of issuance of Form 16 has also been extended to July 15 from June 15.
Is TDS date extended?
Quarterly filing of TDS return for TDS deposits made for quarter ending March 31, 2021 (The government has extended the deadline to June 30, 2021.) Due date of furnishing statement of financial transaction u/s 285BA for FY 2020-21 (The government has extended the deadline to June 30, 2021.)
What is the due date for TDS 2020 21?
Due Date for Filing TDS Returns FY 2020-2021
| Quarter | Quarter Period | Due Date |
|---|---|---|
| 1st Quarter | April – June | 31 March 2021 |
| 2nd Quarter | July – September | 31 March 2021 |
| 3rd Quarter | October – December | 31 January 2021 |
| 4th Quarter | January – March | 31 May 2021 |
Is TDS due date for March 2021 extended?
CBDT has extended the due date for payment or deposit of TDS for March 2021 from April 30, 2021 to May 31, 2021 vide Notification dated only in certain cases. The tax is deducted by the deductor and deposits the TDS to the government within the prescribed due date.
What is the due date for filing FY 2019 20?
The last day for filing Income tax returns for FY 2019-20 is 31st December 2020 for most of the individual taxpayers.
What is the last date for filing ITR 2020?
The government today extended the due date of filing income tax returns for 2020-21 for individuals by two months till 30 September. The Central Board of Direct Taxes (CBDT) has also extended the ITR filing deadline for companies by a month till November 30.
Can I file ITR after due date?
Generally, 31 July of the assessment year (AY) is the last date for filing the income tax return. If you haven’t filed your tax return even now, you still have the time to file a late or belated ITR. An income tax return filed after the due date is known as belated return.
Can we file ITR for AY 2020/21 now?
Q- Can I file ITR for AY 2020-21 (FY 2019-20) now? Ans. Yes, the Income Tax Return for AY 2020-21 can be done now.
What is the rebate for AY 2020-21?
From the AY 2020-21 rebate u/s 87A (only for Individual) is available only if the Net Total Income < Rs. 5,00,000/-. The quantum of maximum rebate will be Rs. 12500/-….Income tax slabs.
| Taxable income | Tax Rate |
|---|---|
| Up to Rs. 2,50,000 | Nil |
| Rs. 2,50,000 to Rs. 5,00,000 | 5% |
| Rs. 5,00,000 to Rs. 10,00,000 | 20% |
| Above Rs. 10,00,000 | 30% |
Can I file ITR for last 3 years now?
A tax return can only be filed ONLINE for FY2018-19 (AY2019-20) and FY2019-20 (AY2020-21). Also for FY2018-19, tax return can be filed online only till 30th June 2020, unless extended.
Can I file my ITR for AY 2019/20 now?
Late Filing of Income Tax Return 2019: The due date to file income tax return (ITR) for Financial Year 2018-19 (Assessment Year 2019-20) was extended from 31 July 2019 to 31 August 2019. You can still file your income tax return.
Who can use ITR 7?
Any taxpayer can use ITR-7 Form for filing Income Tax Return if they file as a Trust, Company, Firm, Local authority, Association of Person (AOP) or Artificial Judicial Person and claims exemption under Section 139 (4A), Section 139 (4B), Section 139 (4C)or Section 139 (4D).
Can we file ITR for last 2 years?
Filing ITR for Previous Years According to the Finance Act 1987 amendment, you can file your belated IT Returns anytime on or before 1 year from the end of the relevant Assessment Year (AY). Example, for the AY 2016-17, the timeline to file a belated return was on or before 31 March 2018.
Can I still file my 2019 taxes in 2021?
The Tax Deadline to e-File 2020 Taxes is April 15, 2021. If you miss this date, you have until October 15, 2021. Keep in mind, if you owe taxes and don’t file an extension, you might be subject to Tax Penalties. 15, 2021, you can no longer e-File IRS or State Income back taxes prior to Tax Year 2020.
Can I file my 2020 taxes now?
Even in a normal economic environment, early tax filers usually try to file their taxes once they get their final pay stub of the year. However, Americans cannot legally file their tax returns for the prior year until January 1st, meaning you cannot file your taxes for 2020 until January 1, 2021.
Do I still have to file taxes by April 15?
So the simple answer is, no, Thursday, April 15, is not this year’s federal income-tax-filing deadline. The Internal Revenue Service pushed that date back to May 17. Now, taxpayers face a unique series of deadlines that may or may not apply, depending on what they do for a living and where they live.
Can I still file my 2019 taxes electronically in 2020?
Answer: Yes, you can file an original Form 1040 series tax return electronically using any filing status. Filing your return electronically is faster, safer and more accurate than mailing your tax return because it’s transmitted electronically to the IRS computer systems.