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  • Writer's pictureGalactic Advisors
    • Dec 23, 2020
    • 1 min read

Tis the season... to be tax-y

While the world enjoys a Christmas break, us Chartered Accountants in India are grappling with the tax filing due date of 31 December 2020.

Tax Christmas

Due Date for filing ITR for Tax Audit cases: 31 January 2021

Due Date for filing Tax Audit report:

31 December 2020

Due Date for filing ITR (non Tax Audit cases):

31 December 2020





This means the tax filing due date for most people is 31 December 2020. 8 days!


With no further extension in sight, it's time to stop procrastinating. Contact your CAs and start moving. No time to waste.


What happens if you don't file ITR on time?

  1. You will be charged with a penalty of up to INR 5,000.

  2. You will not be allowed to carry forward losses.

In addition to the above, your refund (if any) will also be delayed.


Okay. What ITR do I file? There's so many options.


Luckily for you, we've simplified this over here. Just pick your ITR based on your sources of income.


Still confused? File ITR with Galactic Advisors - we'll do all the confusing bits for you!


 

Get a personalized quote for filing your Income Tax Return for FY 2019-20 STEP 1 Download our Sources of Income File

Sources of Income_FY 2019-20
.xlsx
Download XLSX • 66KB




STEP 2 Fill up file with your sources of income ​


STEP 3 Send us the file at support@thegalacticadvisors.com ​


STEP 4 Sit back and relax as our team shares with you a personalized quote for filing Income Tax Returns within 24 hours!

 

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We bring the archaic advisory practice to the 21st Century. Advisors have long been dragged down by their age old practices which just do not hold up in the current business environment.

 

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