EXTENSION OF INCOME TAX DUE DATES

EXTENSION OF DUE DATE OF INCOME TAX RETURN AND AUDIT REPORTS FOR FY 19-20

 

Government has given a big relief by extending the due date of Income Tax Return and Audit Report for FY 19-20 VIDE Press Release dt 24.10.2020.

Vide notification on 24th June 2020 govt has extended the due date for all Income Tax Returns for FY 19-20( AY 20-21) to 30.11.2020. Hence the due date of return which was required to file on 31.07.2020 and 31.10.2020 was required to file by 30.11.2020. Also the date of filing of tax audit report under Income Tax Act,1961 was also been extended to 31.10.2020

Now govt has given more time to furnish Income Tax Return as under:

  1. The due date for furnishing of ITR for the taxpayers (including their partners) who are required to get their accounts audited has been extended to 31st January, 2021

 

  1. The due date for furnishing of Income Tax Returns for the taxpayers who are required to furnish report in respect of international/specified domestic transactions has been extended to 31st January, 2021

 

  1. The due date for furnishing of Income Tax Returns for the other taxpayers has been extended to 31st December, 2020.

 

  1. The date for furnishing of various audit reports under the Act including tax audit report and report in respect of international/specified domestic transaction has also been extended to 31st December,2020.

 

Particulars
Date as per Act
Earlier Extended Date
Current Extended Tax
Assessee not required to get audited
31.07.2020
30.11.2020
31.12.2020
Assessee required to get audited
31.10.2020
30.11.2020
31.01.2021
IT Audit Report
30.09.2020
31.10.2020
31.12.2020

 

This is the big relief which is given by govt. The necessary notification in this regard shall be issued in due course.

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