Haven’t filed ITR yet? Get ready to pay THESE penalties for missing Dec 31 deadline

The last date to file ITR is December 31. Taxpayers will need to pay a penalty for missing the ITR deadline and filing it late. 

New Delhi: The last date to file Income Tax Returns (ITR) for the assessment year 2020-2021 is December 31, 2021. The Income Tax Department, on Wednesday (December 29), said that so far, more than 5 crore taxpayers have filed ITR for the financial year 2021. 

The department had extended the ITR filing deadline twice, first from July 31 to September 30, 2021, and then from September 30 to December 31, 2021, due to the issues faced by taxpayers due to the pandemic.  

Penalty for missing ITR deadline