ITR filing 2019-20: Here are steps to file returns by 31 December and avoid paying penalty

There is a penalty fee that needs to be given if a person misses their ITR filing date.

FP Trending December 30, 2020 12:40:26 IST
ITR filing 2019-20: Here are steps to file returns by 31 December and avoid paying penalty

Official logo of the Income Tax department

As the last date to file Income Tax Returns (ITR) inches closer (the last date is 31 December), the number of ITRs filed each day is rising steadily. The Income Tax department tweeted on Wednesday, 30 December that more than  4.54 crore Income Tax Returns for AY 2020-21 have already been filed till 29 December, 2020.

There is a penalty fee that needs to be given if a person misses their ITR filing date. In such cases,  a penalty of minimum 50 percent or a maximum of 200 percent of the assessed tax will be levied on him/her. The assessee may also face up to seven years of imprisonment and a fine in extreme and high-value cases.

Here are the steps to file ITR 2019-2020:

Step 1: Taxpayers need to log on to the official website incometaxindiaefiling.gov.in.

Step 2: Next they need to tap on New to e-filling if one is registering for the first time. One can click on the registered user if they have already registered.

Step 3: Taxpayers need to select the User type and then enter PAN card detail, surname, middle name, first name, date of birth and residential status.

Step 4: Fill the registration form and verify registration.

Step 5: After successfully registering, login and file return, providing all relevant documents.

For those who do not have digital signature, they can verify their return either electronically using Aadhaar OTP or Electronic Verification Code Method or by sending it to the Income Tax Department.

Follow this link to find out about ways to e-verify your 2019-2020 filing.

Updated Date:

also read

PAN-Aadhaar link: Last date today, double fine of Rs 1,000 from 1 July; check steps to link here
Business

PAN-Aadhaar link: Last date today, double fine of Rs 1,000 from 1 July; check steps to link here

You can link your Aadhaar and PAN via SMS as well by typing in UIDPAN<12 digit Aadhaar><10 digit PAN> and sending it to 567678 or 56161

Centre’s new e-filing portal hit by technical snags; IT dept blames 'irregular traffic'
Business

Centre’s new e-filing portal hit by technical snags; IT dept blames 'irregular traffic'

The new tax e-filing portal was launched on 7 June, 2021, and Infosys was paid Rs 164.5 crore to develop it. The website had also faced snags on the first anniversary of its launch when many users complained that they were unable to log in into the portal

'Received love letters from I-T': NCP's Sharad Pawar gets notices for affidavit in Lok Sabha polls
Politics

'Received love letters from I-T': NCP's Sharad Pawar gets notices for affidavit in Lok Sabha polls

Sharad Pawar said he has received notices from the Income Tax Department in regard with the affidavits filed by him during the 2004, 2009, 2014 and 2020 Lok Sabha elections