INSUBCONTINENT EXCLUSIVE:
The Income Tax (I-T) department, also allows taxpayers to file belated returns.The last day to file income tax returns (ITRs) for assessment
year 2019-20 (financial year 2018-19) was August 31, 2019
According to the Income Tax Department, about 4.93 lakh income tax returns were filed on August 31, 2019
The taxman said that the total number of ITRs filed from April 1 to August 31 this year rose to 5.65 crore, compared to the corresponding
Individuals, who have filed their ITR during this duration, can find information on the status of their submission through the Income Tax
Department's website - incometaxindia.gov.in
This helps them to be aware of whether the ITR has been processed or not and if any further action is required on their part. Step 1: On
the Income tax e-filing website - incometaxindiaefiling.gov.in, click on the "ITR Status" option given on the homepage .Step 2: On the next
page, submit details such as PAN (Permanent Account Number) and acknowledgement number
Acknowledgement number is an identification number provided by the Income Tax Department on submission of an income tax return online
through its e-filing portal.Step 3: Now, click on 'submit'
The portal displays the message: "Return submitted and verified." This indicates that the income tax return has been filed and as well as
verified.Key things to know about filing a belated returnThe Income Tax (I-T) department, also allows taxpayers to file belated returns
"Any person who has not furnished a return of income within the time period allowed under section 139(1) of Income Tax Act can furnish
return for any previous year - at any time before the end of the relevant assessment year or before completion of the assessment, whichever
is earlier," said the I-T department. However, a belated return attracts late filing fees
The amount of penalty payable by the assessees filing a late return increases based on the degree of delay.Get Breaking news, live coverage,
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