can we file this ITR now. will need to pay late fees?
Replies (2)
Quick Summary
You can still file your Income Tax Return (ITR) for Assessment Year 2019-20, but the deadline is 30th September 2020. After this date, filing will not be possible. A late fee applies if your income exceeds the exemption limit of £2,50,000; however, no late fee is charged if your income is below this threshold.
Yes, you can file ITR for A.Y 2019-20 up to 30th September, 2020 (After that you can't file) There is no late fee if income below Exemption limit (i.e less than 2,50,000), otherwise late fee applicable.