Deadline to file income tax returns extended further

The Central Board of Direct Taxes (CBDT) has extended the due date for furnishing Income Tax Returns for FY2019-20 to January 10, 2021. The earlier deadline to file the tax returns was December 31, 2020.

"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," said the Central Board of Indirect Taxes & Customs in a statement. 

The due date for furnishing of Income Tax Returns for the Assessment Year 2020-21 for the taxpayers (including their partners) who are required to get their accounts audited and companies [for whom the due date, as per the provisions of section 139(1) of the Income-tax Act,1961, was 31st October, 2020 and which was extended to 30th November, 2020 and then to 31st January, 2021) has been further extended to 15th February, 2021.

The due date for furnishing of Income Tax Returns for the Assessment Year 2020-21 for the taxpayers who are required to furnish report in respect of international/specified domestic transactions [for whom the due date, as per the provisions of section 139(1) of the Income­ tax Act,1961,was 30th November, 2020 and which was extended to 31st January, 2021) has been further extended to 15th February, 2021.

The date for furnishing of various audit reports under the Act including tax audit report and report in respect of international/specified domestic transaction for the Assessment Year 2020-21 has been further extended to 15th January, 2020.