What Is The Due Date For Tax Filing FY 2019/20 AY 2020 21?

What is the extension deadline for 2019 taxes?

Due to COVID-19, the original filing deadline and tax payment due date for 2019 was postponed from April 15 to July 15.

The IRS reminds taxpayers filing Form 1040 series returns that they must file Form 4868 by July 15 to obtain the automatic extension to Oct.

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Can I file my taxes before January 27?

The IRS began accepting 2019 tax returns on January 27 and the deadline for filing is Wednesday, April 15. … If you receive your forms before then, you can start preparing your tax return as soon as you’d like.

Do I have to file my taxes by April 15?

I don’t owe taxes. … If April 15 doesn’t fall on a weekend or legal holiday, you must file Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return on or before April 15 for your return to be considered timely if filed after April 15.

What is the last date for tax return 2020?

July 15, 2020The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020.

How early can I file my 2020 taxes?

January 27, 2020In fact, for the 2019 tax year, the first day that you could submit your taxes was January 27, 2020. However, while your returns may be accepted as early as the last week of January, you can’t file until you’ve received the necessary tax documents to complete your returns.

What is the penalty for late ITR filing?

The deadline to file income tax return (ITR) has been extended to December 31, 2020 (from earlier deadline of November 30, 2020) for FY 2019-20. If you file your return after the deadline i.e. on or after January 1, 2021, then you would have to pay a late fee of up to Rs 10,000.

What is the due date for tax filing FY 2019/20 AY 2020 21?

31st December 2020The income tax return (ITR) filing deadline for FY 2019-20 (AY 2020-21) is extended to 31st December 2020. For tax audit and TP audit, the due date is 31 January 2021. The due date for filing income tax returns is the date by which the returns can be filed without any late fee or penalty.

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. … Belated return for FY 2018-19 can only be filed on or before 31 March 2020.

Do I need to file an extension 2020?

If you find yourself unable to complete your 2020 federal tax return by the April deadline, you’ll first need to file an extension with the IRS to avoid any potential late-filing or late payment penalties. Filing an extension will allow you to push your deadline to October 15, 2021.

Is there any chance of extension of tax audit date?

2020-21. 1. The due date for furnishing of Income Tax Returns for the taxpayers (Including their partners) who are required to get their accounts audited has also been extended to 31st January, 2021. …

Should I file my taxes now?

The federal tax deadline is now July 15. … If your tax situation is simple and you’re not directly impacted by the coronavirus, you should still file your taxes as soon as possible. As of now the IRS is processing returns and paying out tax refunds, but that could change.

Can I file ITR for AY 2020/21 now?

All Income Tax Return Preparation Software for AY 2020-21 are now available for e-Filing. ITR 1, 2, 3, 4, 5 & 7 for AY 2020-21 is now available for e-Filing. ITR 6 will be available shortly.

Are taxes being delayed in 2020?

Now, that’s not detrimental, but it is a longer wait than in past years. In fact, you can see our estimated tax refund calendar to know when you’re going to expect your tax refund. Note: Due to the Coronavirus pandemic, Trump announced that the filing deadline has been delayed to July 15, 2020.

When can I file 2020 taxes in 2021?

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.

Is ITR date extended?

The income tax return (ITR) filing deadline for FY 2019-20 has been further extended to December 31, 2020, for most individual taxpayers, from the earlier deadline of November 30, 2020. This the second time the tax return filing deadline for FY2019-20 has been extended.