A tax season (prepare and e-file returns for the previous calendar or tax year) is from January 1 until October 15 of any current year. For example, you have until April 15, 2024 to claim a 2020 Tax Refund, April 15, 2023 to claim 2019 Tax Refund, for 2018 until April 15, 2022, and 2017 until April 15, 2021.

What date can we file tax return?

Like last year, the IRS pushed Tax Day back this year because of the COVID-19 pandemic. In 2020, Tax Day (the deadline for filing your federal income tax return) was pushed back from April 15 to July 15 because of the COVID-19 pandemic. This year, the IRS extended the due date again – this time to May 17.

When to file belated income tax return 2019-20?

So if you fail to file returns for the current AY 2019-20 in time, you can file a belated return till 31 March 2019 or before the completion of assessment by the income tax department, whichever is earlier. However, you will have to pay penalty (late fee) at the time of filing returns.

When is due date to file income tax return?

Due date of filing the Income Tax Return by Assesse whose Books of Account are not required to be audited is 31st July 2019. The income tax department has extended the due date till 31st August 2019. Notification here

What is penalty for not filing tax return by due date?

The penalty is ₹ 5,000 if you file your return after the due date but before 31 December of the AY, and ₹ 10,000 if you file it between 1 January and 31 March. However, the penalty is limited to ₹ 1,000 for those who have an income below ₹ 5 lakh. The penalty along with the due tax needs to be paid before you submit your belated ITR.

What happens if I fail to file my ITR by the due date?

Remember that if you fail to file your ITR by the due date, you will have to pay a penalty and face certain restrictions when you file belated return. If you fail to file the tax return within the stipulated due date, you can still file a belated return any time during the current assessment year (AY) 2019-20.