Can I file ITR for AY 2012/13 now?
The return for the financial (previous) year 2012-13 and earlier cannot be filed now. Normally the need for filing returns voluntarily for the previous years beyond the time allowed even for belated return arises when there is a claim for refund, which could not be claimed for some genuine reasons.
Is ITR date further extended?
One should keep in mind that last year too, the government has extended the due date of filing ITR for individuals four times – first from July 31 to November 30, 2020, then to December 31, 2020, and finally to January 10, 2021.
What was the due date for filing ITR ay 2013-14?
Last date for filing I-T returns extended to 5th August. The finance ministry has extended the due date for filing income tax (I-T) returns for assessment year 2013-14 (FY2012-13) to 5th August from 31st July. This means, you can file your I-T returns for FY2012-13 until 5th August.
What is Section 234B of Income tax Act?
Under section 234B, interest for default in payment of advance tax is levied at 1% per month or part of a month. The nature of interest is simple interest. In other words, the taxpayer is liable to pay simple interest at 1% per month or part of a month for default in payment of advance tax.
When do I have to file my tax return for 2012?
Also those who miss the date of filing i.e. for 31st July, 2012 and who have no tax due can file their return up to 31st March, 2013. There is no penalty on the same as the last date of assessment of return for financial year 2011-12 is 31st March, 2013 and an assesse can file his return before completion of assessment.
When is the deadline to file taxes for 2020?
This includes the May 17 deadline for filing 2020 individual income tax returns and paying any tax due. Taxpayers also have until August 2 to make 2020 IRA contributions. The August 2, 2021 deadline applies to the first quarter estimated tax payment, normally due on April 15, and the second quarter payment normally due on June 15.
When do you have to file taxes after a storm?
Tennessee — Victims of severe storms, straight-line winds, tornadoes, and flooding that began March 25, 2021 now have until August 2, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
When do you have to pay taxes after a tornado?
The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after March 25, 2021, and before August 2, 2021 are postponed through August 2, 2021.