Getting emails and messages for not filing income-tax returns for FY 2019-20? Here’s what to do
Did a high-value purchase in 2019-20? Or invested large sums in mutual funds? If you haven’t filed income-tax returns for income earned in 2019-20, then March31 is the last date for filing or else furnish reasons for not filing income-tax returns
Your last date to file income-tax returns (ITR) for income earned in the current financial year (2020-21) is July 31. But if you haven’t yet filed tour income-tax returns for income earned in the previous financial year (2019-20), then chances are that the income-tax department may have already sent you and email or message. The last date to file returns (with penalty) for income-earned in the financial year (FY) 2019-20 is March 31.
The message reads like this: “Attention XXXXX1234X, Your PAN has been flagged for not filing ITR for A.Y-2020-21. Please file your ITR or submit an online response under e-Campaign tab on Compliance Portal (CP). Access CP by logging into e-filing portal (My Account) – ITD.” These are for cases where you may not have felt the need to file an ITR, but the taxman feels you should. Here’s what you need to do.