The last date for filing ITR for income earned in FY 2019-20 (Assessement Year 2020-21) was extended to December 31, 2020 in view of the pandemic
New Delhi: Days ahead of the last date for filing Income Tax Return (ITR), the Income Tax department launched a new initiative to make the experience better for taxpayers. It launched the ‘Jhatpat processing’ feature for seamless ITR filing process.
The I-T department announced the ‘jhatpat processing’ feature on Twitter earlier. It said the feature has already been announced for ITR-1 and ITR-4 forms and taxpayers can access the same for I-T returns for financial year 2019-20 or AY 2020-21 by visiting the e-filing website- incometaxindiaefiling.gov.in.
“Introducing Jhatpat Processing! File Karo Jhat Se, Processing Hogi Pat Se. Processing started for ITR-1 & 4,” the tax department said on Twitter.
The feature can be accessed only by those assessees who have their ITRs are verified and bank accounts pre-validated. In order to avail the feature, it is important that there are no pending arrears or income discrepancies. There should be no mismatch in TDS or challan either.
The Central Board of Direct Taxes (CBDT) earlier extended the last date for filing ITR for income earned in FY 2019-20 (Assessement Year 2020-21) to December 31, 2020 in view of the pandemic.
Usually, the taxpayers are supposed to file ITR by July 31 but an exception was made this year due to the pandemic. So, if you’re running late, you still just a few more days to sort it out.
Filing an income tax return (ITR) involves a lot of documents related to the taxpayer’s finances. These documents may not be required for submission, but are essential to finalise the ITR.