In a move to ease down the financial burden due to the ongoing Coronavirus pandemic, the government on Saturday extended the deadline to file income tax return by “Individual Taxpayers” till 31st December, 2020, and 31st of January 2021 for those whose accounts need to be audited for the financial year 2019-2020. ALSO READ | PM Modi Virtually Inaugurates 3 Key Projects In Gujarat, Here's How It Will Benefit You
In a statement, the Central Board of Direct Taxes (CBDT) said, "The due date for furnishing of Income Tax Returns for the taxpayers [for whom the due date (i.e. before the extension by the said notification) as per the Act was July 31, 2020] has been extended to December 31, 2020."
The central government in May extend the day for filing ITR from July 31st to November 30th. For those taxpayers whose accounts need to be audited, the Income-Tax Return filing deadline has been extended by two months till January 31, 2021.
Adding to the statement the CBDT for those individuals who need auditing, said “The due date for furnishing of ITR for the taxpayers, who are required to get their accounts audited (for whom the due date as per the I-T Act is October 31, 2020), has been extended to January 31, 2021”.
Following the relief notification, the agency has also extended the deadline to submit various audit reports including tax audit report and report in respect of international transaction or specified domestic transaction to 31st of December, 2020.
The CBDT said the deadlines have been extended in order to "provide more time to taxpayers for furnishing of Income Tax Returns".
Income Tax Return Deadline For FY 2019-20 Extended Till December 31; Check Details
ABP News Bureau
Updated at:
24 Oct 2020 06:40 PM (IST)
The central government in May extend the day for filing ITR from July 31st to November 30th. For those taxpayers whose accounts need to be audited, the Income-Tax Return filing deadline has been extended by two months till January 31, 2021.
Income Tax FIling (Representational Image / AFP)
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