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06/01/2021

Disclosure-Regarding life insurance policy with more than 1 insurer

Missing ITR filing deadline on Dec 31 will attract penalty twice that of last year 30/12/2020

https://m.economictimes.com/wealth/tax/missing-itr-filing-deadline-on-dec-31-will-attract-penalty-twice-that-of-last-year/amp_articleshow/79995676.cms

Missing ITR filing deadline on Dec 31 will attract penalty twice that of last year The last date to file income tax return for FY 2019-20 is December 31, 2020. As per the income tax laws, a penalty of Rs 10,000 will be levied if the ITR is filed after the expiry of the deadline i.e. between January 2021 and March 2021.

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