InvestorQ : Which deadline has been extended by the Income Tax Department?
Purvesh made post

Which deadline has been extended by the Income Tax Department?

Answer
image
Gauravi Patel answered.
4 weeks ago
Follow
The government has further extended the filing deadlines for income-tax (I-T) returns and GST annual returns. The deadline for filing I-T returns for individuals for the financial year 2019-20 (the assessment year 2020-21) has been extended by a month to 31st December. Separately, the government on Saturday also extended the due date for GST annual returns for FY2018-19 by two months to 31st December.

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 as per the I-T Act is October 31, 2020] has been extended to January 31, 2021, it said. Also, the due date for furnishing of ITRs for the taxpayers who are required to furnish a report in respect of international/specified domestic transactions has been extended to January 31, 2021.

The government has extended the due date for filing ITR returns for FY19-20 In order to provide more time to taxpayers for furnishing their ITR. The government has also given relief to small and middle-class taxpayers in the matter of payment of self-assessment tax.
5 Views