If you have missed the March 31 deadline to file ITR, the income tax department can allow taxpayers to file returns post the deadline for specific cases. March 31, 2018 was the deadline to file income tax returns (ITR) for the financial year 2015-16 and 2016-17.

When do I have to file my tax return for 2018?

Please note that an individual with business income, who is also an annual filer with a December 31 fiscal year-end, must file their GST/HST return by June 15 and pay their net GST/HST owing by April 30 to avoid penalties and interest. 12.

When do you file a joint tax return with your spouse?

You become jointly and severally liable for all taxes due when you file a joint return with your spouse, even on income that they personally earned. So, for example, if you earned $20,000 and your spouse earned $80,000 (but didn’t pay taxes on that amount), the IRS can collect the taxes due from you.

When is the last day to file income tax return?

Having said that for FY 2016-17, last date would be 31 March 2018, which would be the last opportunity for you to file return. One should never miss the due date of filing the income tax return otherwise one might have to pay heavy penalty for late filing.

When is the due date to file a tax return?

31 May 2021 – Due date for e-filing of a declaration in Form No. 61 containing particulars of Form No. 60 received during the period October 1, 2020 to March 31, 2021 The due date for filing of declaration has been extended from April 30, 2021 to May 31, 2021 vide Circular 08/2021, dated 30-04-2021. 31 May 2021 –

When do I have to file my tax return for 2020?

Filing of belated/revised return of income for the assessment year 2020-21 for all assessee (provided assessment has not been completed before May 31, 2021) The due date for filing of belated/revised return of income for the assessment year 2020-21 has been extended from March 31, 2021 to May 31, 2021 vide Circular 08/2021, dated 30-04-2021.

Which is the last date to file belated tax return?

Since a belated return will be filed between January and March 2020, you will be liable to pay penalty of Rs 10,000. However, for small taxpayers whose income does not exceed Rs 5 lakh, the penalty amount will not exceed Rs 1,000. According to income tax laws, the last date to file belated ITR is March 31, 2020.

When is the deadline to file income tax?

(Assessment year is the year immediately following the financial year). Therefore, for such taxpayers who have missed the deadline of March 31, 2018, can file such application by 31 March 2023 (for FY 2015-16) and 31 March 2024 (for FY 2016-17) .

Where do I go to file my income tax return?

You will be required to respond to that notice on the income tax e-filing website as well as file your ITR to comply with the notice issued by the tax officer. Penalties under such case will be levied for under-reporting of incomes.

Is there penalty for not filing income tax return?

No penalty will be levied if there is a genuine reason for such non-compliance and if the income tax officer is satisfied with the reasons, adds Soni. For non-filing of return, the department can take various actions against you.