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ITR FILING FOR AY 2020-21
Can those with sales of more than 2crores file ITR after 15-02-2021?Give all details .
Replies (8)
Quick Summary
Yes they can but only after books of accounts are audited by a Chartered Accountant and penalty/interest will also be levied on tax
Yes but penalty will be levied
How much penalty involved
. 0.5% of gross turnover subject to maximum of Rs. 1.5 lacs.
Penalty is 10000 for itr
Again Confused 0.50% of Gross turnover subject to maximum of ₹ 1.50 Lakhs or ₹ 10000/- which is Correct?
0.5% of turnover maximum to 1.5lacs is penalty for delay in tax audit and 10000 is for late filing of itr
As per the press release, the deadline of filing ITR for other taxpayers ... file income tax return (ITR) for FY 2019-20 for most individuals from the earlier ... financial transactions has been extended to February 15, 2021. ... Thus, the extension will provide relief to individuals who may have ... All rights reserved.
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