ITR filing FY 2020-21 due date ends in just 2 days, know what happens if you miss December 31 deadline

Taxpayers are required to submit the returns for the FY 2020-21 financial year and the assessment year would be AY 2021-22 before December 31.

New Delhi: With just two days remaining for the filing of FY 2020-21 Income Tax Return (ITR), it is financially wise to complete the task before the end of the deadline.

In the wake of the COVID-19 pandemic, the government had extended the due date of filing all Income Tax Return (ITR) for FY 2020-21 to December 31. This year, taxpayers are required to submit the returns for the FY 2020-21 financial year and the assessment year would be AY 2021-22.

While it is advised that you must file your ITR before the end of the deadline, however if somehow you miss the deadline, you can still do so by paying penalty.