Income Tax Return Deadline Extended Till December 31 By Centre

Due to the prevailing situation around COVID-19, lockdowns, and economic conditions, many taxpayers have not been able to file their income tax returns this year.

If you are one of them there is some good news - the Government announced extension of the due date for filing income tax returns for the assessment 2020-21 by another month to December 31, 2020.

AFP

The earlier extension allowed such filing by general taxpayers by November 30.

In a statement, the Central Board of Direct Taxes (CBDT) said, "The due date for furnishing of Income Tax Returns for the other 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."

In view of constraints being faced by taxpayers due to COVID-19,CBDT further extends due dates for various compliances for FY 2019-20:
The due dt of furnishing Income Tax Returns(ITRs)for taxpayers whose accounts require to be audited has been extended to 31st, January,2021 (1/5) pic.twitter.com/cWWbXu80K9

¡ª Income Tax India (@IncomeTaxIndia) October 24, 2020

Along with general category of taxpayers, the government also extended the date of filing returns by taxpayers (including their partners) who are required to get their accounts audited and those who are required to furnish report in respect of international/specified domestic transactions by two months to January 31, 2020.

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The further extension for filing tax returns has been given in view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, finance ministry said in a statement.

In order to extend relief of delayed tax filing to small and middle class taxpayers who are liable for payment of self assessment tax, tax returns by such category of taxpayers can also now be filed upto January 31, 2021.

This extension will be available to taxpayers whose self-assessment tax liability is up to Rs 1 lakh.

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The government had brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 ('the Ordinance') on 31st March, 2020 which, inter alia, extended various time limits. The Ordinance has since been replaced by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act.

The Government issued a Notification on 24th June, 2020 under the Ordinance which, inter alia, extended the due date for all Income Tax Returns for the FY 2019-20 (AY 2020-21) to 30th November, 2020. Fresh notification will now be issued by Income In AC department for further extensions.