Itr forms for ay 2020-21 Forms and Templates

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Questions & answers

Can I file ITR for AY 2020/21 now?

The last date for filing your income tax return, or ITR, for FY 2020/21 (AY 2021/22) is March 31. The original deadline was July 31, 2021, but that was extended because of Covid. the date was revised to December 31, 2021, then February 15, 2021, and finally March 15, 2021.

Which ITR form should I fill for AY 2021 22?

ITR-1 OR SAHAJ This Return Form is for a resident individual whose total income for the AY 2021-22 includes: Income from Salary/ Pension. or. Income from One House Property (excluding cases where loss is brought forward from previous years). or.

What ITR form should I use for AY 2021-22?

ITR-1 OR SAHAJ This Return Form is for a resident individual whose total income for the AY 2021-22 includes: Income from Salary/ Pension. or. Income from One House Property (excluding cases where loss is brought forward from previous years). or.

Should I file ITR 1 or ITR2?

You do not need to fill the ITR-1 form if: You earn an income through short or long-term Capital Gains that are non-tax-exempted. You earn an Exempt Income over Rs. 5,000. You earn an income through Business or Profession.

Which ITR form to choose while filing?

If you are salaried individual having income above Rs 50 lakhs, you should file ITR 2. And if you are having income from business or profession, then you should file ITR 3. In case you are following presumptive income u/s 44AD /44AE, then you should file ITR 4 (sugam).

Who should file itr3?

ITR-3 is a form that is applicable for resident individuals and Hindu Undivided Families (HUFs). In order to file income tax returns with an ITR-3 form, an assessee must earn his/her income from a proprietorship business or a profession.

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