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Step 2   Read theory pdf file
 
Step 3  Solve Excel File
 
Step 4  Match your excel with Answer given on website
 
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Transcript

Example Financial Year Assessment Year 2018-19 2019-20 2019-20 2020-21 2020-21 2021-22 2021-22 2022-23 Q1 Suppose I earned Taxable Salary Income of 600000 in Jan 2020 Which Year ITR I have to File Financial Year 2019-2020 Assessment Year 2020-2021 Q2 What is Due Date for Filing this ITR? Original Due Date 31-Jul-20 Extended to 10-Jan-21 Q3 Can I file this ITR After this Date Also(Yes/No) yes Till What Date 31-Mar-21 DUE DATE FOR FY 2019-20(AY 2020-21) Particulars Salaried and Non Audit Audit Case Without Latefees 31-7-2020 10-Jan-2021 31-10-2020 15-Feb-2021 With Late fees of 5000 31-Dec-20 31-Dec-20 With Late fees of 10000 31-Mar-21 31-Mar-21 Exception If income upto 250000,No Late fees .ITR Filing is also not compulsory If income between 250000-500000,then 1000 Latefees Q4 Suppose I earned Taxable Salary Income of 600000 in Jan 2020 How much late fees is payable if AS PER ORIGINAL DUE DATE AS PER EXTENDED DATE I File ITR on 18-Oct-20 NO NO I File ITR on 18-Nov-20 5000 NO I File ITR on 18-Dec-20 5000 NO I File ITR on 18-Jan-21 10000 10000 I File ITR on 18-Mar-21 10000 10000 I File ITR on 18-Apr-2021 RETURN CANT BE FILED RETURN CANT BE FILED Q5 Suppose I earned Taxable Salary Income of 400000 in Jan 2020 How much late fees is payable if AS PER ORIGINAL DUE DATE AS PER EXTENDED DATE I File ITR on 18-Oct-20 NO NO I File ITR on 18-Nov-20 1000 NO I File ITR on 18-Dec-20 1000 NO I File ITR on 18-Jan-21 1000 1000 I File ITR on 18-Mar-21 1000 1000 I File ITR on 18-Apr-2021 RETURN CANT BE FILED RETURN CANT BE FILED Q6 Suppose I earned Taxable Salary Income of 200000 in Jan 2020 How much late fees is payable if AS PER ORIGINAL DUE DATE AS PER EXTENDED DATE I File ITR on 18-Oct-20 NO NO I File ITR on 18-Nov-20 NO NO I File ITR on 18-Dec-20 NO NO I File ITR on 18-Jan-21 NO NO I File ITR on 18-Mar-21 NO NO I File ITR on 18-Apr-2021 RETURN CANT BE FILED RETURN CANT BE FILED

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.