Students who are single and earned more than the $12,400 standard deduction in 2020 are required to file an income tax return. That $12,400 includes earned income (from a job) and unearned income (such as from investments). If income taxes were withheld from your paychecks, you can file a return and get money back.

Can I file a 2014 tax return in 2021?

You can no longer e-File a 2014 Federal or State Tax Return anywhere. 15, 2021 to e-File 2020 Tax Returns, however if you owe Taxes and did not e-File an extension by April 15, 2021, late filing penalties might apply in addition to late payment penalties.

When do you have to file income tax return?

If you are less than 60 years of age and your total annual gross income exceeds Rs. 2,50,000. If you are a senior citizen i.e. 60 years or above and below 80 years of age, and your total annual gross income exceeds Rs3,00,000.

When to file income tax return in India?

Thus, in simple terms we can say if your gross Total income is more that Rs.2,50,000 in FY 2014-15, you should file your income tax return by 31st August 2015. [Remember, this limit will be Rs3,00,000/- for individuals who have reached 60 years of age during the Financial Year or earlier.

What is penalty for not filing tax return by due date?

As per section 271F, the assessing officer can levy a penalty of Rs 5,000 in case you have failed to file your return by due date. This Return Form CAN be used by an individual whose total income for the assessment year 2015-16 includes:-

When do I have to file my tax return for 2020?

Filing of belated/revised return of income for the assessment year 2020-21 for all assessee (provided assessment has not been completed before May 31, 2021) The due date for filing of belated/revised return of income for the assessment year 2020-21 has been extended from March 31, 2021 to May 31, 2021 vide Circular 08/2021, dated 30-04-2021.