Super Senior Citizen Self Assessment Tax Payment last date

Tax queries 248 views 4 replies

Dear Experts,

For super senior citizens 80+ in case income is only from pension and bank interest, what is the last date for submission of self assessment tax if total tax liability is more than 1 lac? AY is 20-21.

Thanks in advance.

Replies (4)
See for every assesee unless he is subjected to audit the late date to file return ay 20- 21 is Nov 30

Yes but will they charge penal interest to super senior citizen if self assessment tax is deposited after 31st July 2020.

No .... department itself extended know....so I think it won't be any problem.

thank u
For the AY 2020-21 (FY 2019-20), the government extended the tax return due date to 30 November 2020. While the government gave relief through an extension of the due date to file income tax returns, the extension is not for paying the tax dues above Rs 1 lakh.

In non-audit cases, a taxpayer should pay the tax due above Rs 1 lakh by 31 July 2020. In the case of taxpayers whose accounts of the business or profession are subject to a tax audit, the self-assessment tax should be paid by 31 October 2020. Such taxpayers can, however, file the return by 30 November 2020.

So, Non-payment of tax by 31 July 2020 or 31 October 2020 will be liable for penal interest under section 234A. The rate of interest levy is 1% per month/part of a month until the payment of the tax dues.

So, in your case due date of filing is 30th November, 2020 but as your tax liability is more than 1 lakh, you have to pay it by 31st July, 2020
otherwise late interest applicable.


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