NEW DELHI: The government on Saturday extended the deadline to file income tax (I-T) returns by individual taxpayers till December 31 for the financial year 2019-20 (FY20) in the wake of the ongoing Covid-19 crisis.
“The due date for furnishing of ITRs for the other (individual) taxpayers [for whom the due date (i.e. before the extension by the said notification) as per the Income Tax Act, 1961 was July 31, 2020] has been extended to December 31, 2020,” the ministry of finance said in a notification.
The Centre had in May extended the date for filing ITR for FY20 from July 31 to November 30.
It also stated that the “due date for furnishing of ITRs for the taxpayers (including their partners) who are required to get their accounts audited [for whom the due date (i.e. before the extension by the said notification) as per the Act is October 31, 2020] has been extended to January 31, 2021.”
The ministry added that the “due date for furnishing of ITRs for the taxpayers who are required to furnish report in respect of international/specified domestic transactions [for whom the due date (i.e. before the extension by the said notification) as per the Act is November 30, 2020] has been extended to January 31, 2021.”
Consequently, the date for furnishing of various audit reports including tax audit report and report in respect of international or specified domestic transaction has also been extended to December 31, 2020, the notification further mentioned.
“The due date for furnishing of ITRs for the other (individual) taxpayers [for whom the due date (i.e. before the extension by the said notification) as per the Income Tax Act, 1961 was July 31, 2020] has been extended to December 31, 2020,” the ministry of finance said in a notification.
The Centre had in May extended the date for filing ITR for FY20 from July 31 to November 30.
It also stated that the “due date for furnishing of ITRs for the taxpayers (including their partners) who are required to get their accounts audited [for whom the due date (i.e. before the extension by the said notification) as per the Act is October 31, 2020] has been extended to January 31, 2021.”
The ministry added that the “due date for furnishing of ITRs for the taxpayers who are required to furnish report in respect of international/specified domestic transactions [for whom the due date (i.e. before the extension by the said notification) as per the Act is November 30, 2020] has been extended to January 31, 2021.”
Consequently, the date for furnishing of various audit reports including tax audit report and report in respect of international or specified domestic transaction has also been extended to December 31, 2020, the notification further mentioned.
