New Delhi: A new year has begun and the income tax department has issued a new e-calendar for the year 2021. The calendar lists all the important tax-related deadlines. Designed as the ‘Honoring the honest’ calendar, the income tax department in an email sent to the taxpayers wrote, “Welcome to a new era where tax system is becoming seamless, faceless and paperless. Every taxpayer is a nation builder. “Here is a calendar to make your tax journey simpler and easier.”
Here are all the important dates you need to know from income tax perspective in 2021:
Note that the Central Board of Direct Taxes (CBDT), on Wednesday, extended the due date for furnishing Income Tax Returns (ITR) for the Assessment Year 2020-21 (AY21) for the income earned in the financial year 2019-20 by ten days. The new deadline for filing income tax return for AY21 was extended from December 31, 2020 to January 10, 2021.
This is the third time that the last date for furnishing of ITR has been extended. The deadline, which usually falls on July 31every year was first postponed till November 31, then December 31 and then further extended till January 10, for those under ITR-1, ITR-4 categories. Forms ITR-1 and ITR-4 largely pertain to salaried individuals including income from house.