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ITR FILING FOR AY 2020-21

subhagan sreerangam (7056 Points)

13 February 2021

Can those with sales of more than 2crores file ITR after 15-02-2021?Give all details .

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CA SEEMA AGARWAL (Chartered Accountant) (414 Points)
Replied 13 February 2021

Yes they can but only after books of accounts are audited by a Chartered Accountant and penalty/interest will also be levied on tax

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 14 February 2021

Yes but penalty will be levied

subhagan sreerangam (7056 Points)
Replied 14 February 2021

How much penalty involved

1 Like

Manojit Ghosh (12 Points)
Replied 14 February 2021

. 0.5% of gross turnover subject to maximum of Rs. 1.5 lacs.

CA SEEMA AGARWAL (Chartered Accountant) (414 Points)
Replied 14 February 2021

Penalty is 10000 for itr

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subhagan sreerangam (7056 Points)
Replied 15 February 2021

Again Confused 0.50% of Gross turnover subject to maximum of ₹ 1.50 Lakhs or ₹ 10000/- which is Correct?

CA SEEMA AGARWAL (Chartered Accountant) (414 Points)
Replied 15 February 2021

0.5% of turnover maximum to 1.5lacs is penalty for delay in tax audit and 10000 is for late filing of itr

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 15 February 2021

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.