ITR submitting 2019-20: Here are steps to file returns by 31 December and keep away from paying penalty

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There is a penalty payment that must be given if an individual misses their ITR submitting date.

Official brand of the Income Tax division

As the final date to file Income Tax Returns (ITR) inches nearer (the final date is 31 December), the variety of ITRs filed every day is rising steadily. The Income Tax division tweeted on Wednesday, 30 December that greater than  4.54 crore Income Tax Returns for AY 2020-21 have already been filed until 29 December, 2020.

There is a penalty fee that must be given if an individual misses their ITR submitting date. In such circumstances,  a penalty of minimal 50 % or a most of 200 % of the assessed tax will likely be levied on him/her. The assessee might also resist seven years of imprisonment and a superb in excessive and high-value circumstances.

Here are the steps to file ITR 2019-2020:

Step 1: Taxpayers want to go online to the official web site incometaxindiaefiling.gov.in.

Step 2: Next they should faucet on New to e-filling if one is registering for the primary time. One can click on on the registered consumer if they’ve already registered.

Step 3: Taxpayers want to pick the User kind after which enter PAN card element, surname, center title, first title, date of beginning and residential standing.

Step 4: Fill the registration type and confirm registration.

Step 5: After efficiently registering, login and file return, offering all related paperwork.

For those that don’t have digital signature, they will confirm their return both electronically utilizing Aadhaar OTP or Electronic Verification Code Method or by sending it to the Income Tax Department.

Follow this link to find out about ways to e-verify your 2019-2020 filing.

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