Deadline for filing IT Returns extended!

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. The Due dates of Filing has been extended as follows:

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 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 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 other taxpayers has been further extended to 10th January, 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, 2021.

The last date for making a declaration under Vivad Se Vishwas Scheme has been extended to 31′ January, 2021 from 31st December, 2020.

The date for passing of orders under Vivad Se Vishwas Scheme, has been extended to 31st January, 2021.

The date for passing of order or issuance of notice by the authorities under the Direct Taxes & Benami Acts has also been extended to 31st March, 2021.

The Government has also extended the due date of furnishing of annual return under section 44 of the Central Goods and Services Tax Act. 2017 for the financial year 2019-20 from 31′ December, 2020 to 28th February, 2021.