Deadline to file ITR extended till January 10


2020-12-30 13:18:44

NEW DELHI: The government on Wednesday further extended the deadline to file income tax returns (ITRs) for financial year 2019-20 (assessment year 2020-21) for individual taxpayers by 10 days till January 10, 2021 in wake of the ongoing Covid-19 pandemic.
In a tweet, the I-T department said: “In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of Covid-19, the government further extends the dates for various compliances.”

In addition, the deadline for filing ITR for the financial year 2019-20 by companies has also been extended by 15 days till February 15 from January 31.
The due date for filing income tax return (ITR) by individuals and companies was December 31, 2020, and January 31, 2021, respectively.
This is the third time that the I-T department has extended the return filing deadline. The Centre had in May extended the July 31 deadline till November 30, which was further extended till December 31 later.
Further, the due date for filing declaration under the direct tax dispute resolution scheme Vivad Se Vishwas has been extended by a month till January 31. While, that for filing GST annual return for 2019-20 fiscal has been extended by 2 months till February 28, 2021.
Separately, the tax department had informed that over 4.54 crore ITRs for the current fiscal year were filed till December 28. In the comparable period last year, 4.77 crore income tax returns were filed.





Source link

Leave a Reply