2023
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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December 15, 2020
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December 31, 2020
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January 15, 2021
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January 31, 2021
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Detailed explanation-1: -CBDT extended the deadline for filing of ITR for FY 2020-21 to December 31, 2021.
Detailed explanation-2: -The income tax department has also specified the due date of filing the belated return which is 31st December of the assessment year (unless extended by the government). For this year, you may file the belated return latest by 31 December 2023.
Detailed explanation-3: -The deadline to file updated income tax returns (ITR-U) is March 31, 2023, for Assessment Year (AY) 2020-2021 (FY20). The Finance Act, of 2022 introduced this new ITR filing facility known as an updated return.
Detailed explanation-4: -Taxpayers who have missed filing Income Tax returns (ITRs) or want to update the same for the financial year (FY) 2019-20–assessment year (AY) 2020-21–and FY 2020-21 (AY 2021-22) can now do that by paying additional fee.
Detailed explanation-5: -The last date to file revised or belated income tax return (ITR) for financial year 2021-22 was 31 December 2022. If you have missed this deadline, then the option is to file an updated tax return (ITR U).