Income tax return last date extended till 31st December 2020
Income tax return last date
The CBDT has announce on 24/10/2020 via a notification that Income tax return last date for financial year FY 19-20 till 31st December 2020. This is after the CBDT earlier extending the Income tax return last date to 30th Nov 2020.
Govt of India is quite vocal about supporting tax payers in the time of COVID-19 and doing what ever possible to help the tax payers in terms of income tax returns.
The CBDT notification on income tax return last date
Here is a copy of CBDT Notification on the income tax return last date:-
Here is what the notification spefically say about last date for filling income tax returns for FY 19-20
In order to provide more time to taxpayers for furnishing of Income Tax Returns, it has been decided to further extend the due date for furnishing of Income-Tax Returns as under:
(A) The due date for furnishing of Income Tax Returns for the taxpayers (including their partners) who are required to get their accounts audited [for whom the due date (i.e. before the extension by the said notification) as per the Act is 31st October, 2020] has been extended to 31st January, 2021.
(B) The due date for furnishing of Income Tax Returns for the taxpayers who are required to furnish report in respect of international/specified domestic transactions [for whom the due date (i.e. before the extension by the said notification) as per the Act is 30th November, 2020] has been extended to 31st January, 2021.
(C) The due date for furnishing of Income Tax Returns for the other taxpayers [for whom the due date (i.e. before the extension by the said notification) as per the Act was 31st July, 2020] has been extended to 31st December, 2020.
It is indeed a welcome step by govt for the tax payers as many people are struggling to get the returns filed because of issues around COVID-19.