ITR: Waiting for the income tax return (ITR) deadline to increase? So read this news

ITR: A few hours from now, it will be known whether the last date for filing returns is carried forward.

If it does not increase, you will have to file the return by 12 December till 31 December 2020.

Income Tax Return: Have you filed income tax return? Or are you also waiting for the deadline for return filing to go ahead? A few hours from now, it will be known whether the last date for filing returns is carried forward. If it does not increase, you will have to file the return by 12 December till 31 December 2020. Penalty will have to be paid as soon as 1 January 2020. According to experts, the government can give more extensions now. Because, many institutions have demanded the government to increase the return deadline by 31 March 2021. However, nothing has been clear about it from the Finance Ministry.

If sources are to be believed, after 31 December, the last date of return filing can be increased to 31 January 2021. The government can give one month more time to file the returns for the financial year 2019-20. Sources also say that the government can move forward the deadline to meet the previous target. Actually, a total of 5.65 crore returns were filed till 31 August 2019 in the last financial year, till December 24 this year only 3.97 crore returns have been received. Given this figure, the deadline can be increased.

Also Read: Income Tax Return: Trouble in e-verification through Aadhaar OTP, these other 5 options can also be used

How many returns have been filed so far

The Income Tax Department has said that till December 24 in the current financial year, 3.97 crore taxpayers have filed income tax returns for assessment year 2020-21 (FY 2019-20). 2.27 crore taxpayers have filled ITR-1. At the same time, 85.20 lakh ITR-4 (ITR-4), 46.78 lakh ITR-3 (ITR-3) and 28.74 have filled ITR-2 (ITR-2). Returns for individual taxpayers are to be filed by 31 December 2020. At the same time, the last date for filing returns for those accounts for which audit is necessary, 31 January 2021 has been kept.

Here’s how to fill online ITR

1. First you go to https://ift.tt/1dxxFKf.

2. Log in by entering user ID (PAN), password, date of birth and captcha code.

3. Go to the ‘e-File’ tab and click on the Income Tax Return link.

4. First of all, choose which ITR form to fill. Which is the assessment year

5. If you are filling the original return, then click on the ‘Original’ tab

6. If you are filing the revised return, then click on ‘Revised Return’

7. Then select Prepare and Submit Online then Continue Click

8. After this, fill all the information given in the new page and keep saving, because all the information filled will disappear after the session time is out

9. In this, you have to fill all the information related to investment, health and life insurance .

10. After filling all the information, at the end the Verification page will come, which you can verify at the same time, otherwise you can verify within 120 days.

11. After this, click on Previw and submit and submit to ITR.

Don’t forget the verification

The most important thing is that the taxpayer who files an electronic signature without electronic signature i.e. e-verification income tax return (ITR) has to verify it within 120 days of ITR uploading. There are 4 ways for this –

1. Through Aadhaar OTP

2. Logging in to e-filing account through Net Banking

3. Through Electronic Verification Code (EVC)

4. Copy of signed ITR-V on both sides of Bangalore Send

Remember that if you do not file ITR-V within 120 days, the return can be declared as ‘not filled’ i.e. invalid.