Income Tax Filing for FY 2020-21

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This discussion clarifies the earliest possible dates for filing Income Tax returns for FY 2020-21, particularly for those requiring a tax audit. While ITR forms typically become available from April onwards, with ITR 1 usually released first, filing with a tax audit report can generally be done in May or June. It's essential to file within the notified due dates, which for businesses requiring a tax audit is usually 31st July.

Rahul Singh

Rahul Singh (Querist)

27 January 2021 Hi, after 31st March when Income Tax with Audit can be done at the earliest? Is there any specific duration?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

28 January 2021 As soon as ITR forms are available you can file ITR with tax audit report. ITR and tax audit report should be filed within the due dates notified.

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Rahul Singh

Rahul Singh (Querist)

28 January 2021 Thanks sir. Usually ITR forms are available when after 31st march? Because will require that ITR asap for work.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

28 January 2021 From April onwards look for the forms in E-filing income tax. First ITR 1 will be released, other forms release will follow.

Rahul Singh

Rahul Singh (Querist)

28 January 2021 So in my case of proprietorship business usually forms get available till last May end? So I can plan things accordingly.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)