Paying heed to taxpayers' request, the CBDT has extended the due date to file ITR for FY 2019-20 (Assessment year -2020-21) for cases which are not required to be audited by 10 more days. So, the new revised due date to file ITR for fiscal year 2019-20 stands as January 10, 2021. This extension is for taxpayers who file their income tax return in ITR 1 or ITR 4 forms.
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.
The due date for companies and individuals who need to get their accounts audited has been extended by 15 days till February 15, the finance ministry said in a statement.
The government has also extended the due date for filing annual returns for the financial year 2019-20 under the Central Goods and Services Tax Act, 2017, to February 28.
Additionally, providing repreive to small and middle-class taxpayers, the due date for payment of self-assessment tax has been extended to February 15, 2021.
"In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of COVID-19, the Government of India further extends the dates for various compliances," the Central Board of Indirect Taxes and Customs said in a statement.
In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of COVID-19, the Govt further extends the dates for various compliances. Press release on extension of time limits issued today: pic.twitter.com/lMew09HXMq— Income Tax India (@IncomeTaxIndia) December 30, 2020
Notably, this is the third time the government extended the deadline for filing ITR for FY20. The deadline was first extended from July 31 to November 30 and then to December 31, 2020.