In view of the COVID-19 pandemic, states had filed their petitions requesting the Income Tax Department to extended the Due Dates to file Income Tax Return for FY 2019-20 i.e. AY 2020-21.
Just a day before the ITR filing due date of 31st December 2020, the Finance Ministry extend the due dates for Income Tax Returns, Tax Audit Report, and GST Compliances.
Also, 16,66,548 ITRs were filed on 30th December up to 8pm. And 1,58,168 ITRs were filed between 7pm to 8pm i.e. after the extension announcement was made.
The revised due dates are as follows:
|FY 2019-20 (AY 2020-21)||Extended From||Extended To|
ITR Filing due date when Tax Audit is not Applicable
|31st December 2020||
10th January 2021
|Submission of Tax Audit Report||31st December 2020||15th January 2021|
|ITR Filing due date when Tax Audit is Applicable||31st January 2021||15th February 2021|
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
Fun Fact: Almost 70% audience believed the ITR filing due date will be extended! Just like always 😉
As a #COVID19 relief, @IncomeTaxIndia had extended the deadline to file ITR for F.Y. 2019-20 to 31st Dec’20.— Quicko (@HowToQuicko) December 24, 2020
The deadline is inching closer & states have filed petitions with FM @nsitharaman.
Do you think we can expect yet another due date extension?🤔