The Finance Ministry has extended the due dates for filing Income Tax Returns, Tax Audit Reports, and GST Compliances. The updated due dates are as follows:
1. INCOME TAX RETURN (For taxpayers who are required to get their accounts audited) - 15th February 2021
2. INCOME TAX RETURN (For taxpayers who are not required to get their accounts audited) - 10th January 2021
3. TAX AUDIT REPORTS - 15th January 2021
4. GST ANNUAL RETURN (FY 19-20) - 28th February 2021
To read the official announcement, click here
Over the last couple of weeks, professionals and taxpayers all over the country have come together to collectively request the Union and Finance Minister Smt. Nirmala Sitharaman to extend the due dates for Income Tax Returns, Tax Audit Reports, and GST Compliances. This request has been generated keeping in mind the large-scale disruption caused by the COVID-19 pandemic.
Hashtags like #Extend_Due_date #Extend_Due_Date_Immediately #extendreturnfillingdates were trending on the Social Networking Site Twitter for a long time. However, there was something peculiar in the Twitter hashtag #dateextendkarojhatpat.
The Income Tax Department commenced with the Jhatpat Processing for ITR 1 and ITR 4 in the month of December. In order to promote the initiative, the department did a paid promotion of the #ITRFileKaroJhatpat.
This is when the taxpayers and professionals felt extremely disheartened because even after numerous requests for due date extension, the Income Tax Department and the Ministry of Finance did not understand the plight and the disruption of the professionals caused by the COVID-19 pandemic.
Professionals, all over the country unionized and the #dateextendkarojhatpat started trending on Twitter, in no time, showcasing an unbelievable power that common citizens of the country hold with themselves.
Mentioned below, are the current due dates and the requested due dates by Taxpayers and Professional
|
Particulars |
Current Due Date |
Proposed Due Date |
|
Tax Audit Report |
31st December 2020 |
28th February 2021 |
|
Transfer Pricing Audit Return |
31st December 2020 |
28th February 2021 |
|
Income Tax Returns (ITRs) for AY 2020-21 |
31st December 2020 |
28th February 2021 |
|
Income Tax Returns (Tax Audit) for AY 2020-21 |
31st January 2021 |
31st March 2021 |
|
Furnishing of declaration under Vivad Se Vishwas Act, 2020 |
31st December 2021 |
15th March 2021 |
|
GSTR-9, 9A, and 9C for FY 2018-19 |
31st December 2020 |
31st March 2021 |
|
GSTR-9, 9A, and 9C for FY 2019-20 |
31st December 2020 |
30th June 2021 |
|
Holding of AGM by companies for the financial year 2019-20 ended on 31.3.2020 |
31st December 2020 |
31st March 2021 |
Some taxpayers are also requesting for #1date, for making good all the compliances i.e., 31st March 2021.
Request for date extension generated by several Tax Practitioners and CA Associations
|
Sr. No. |
Request Made By |
Date of Request |
Requested Date |
|
1. |
26th Dec 2020 |
31st March 2021 |
|
|
2. |
15th Dec 2020 |
31st March 2021 |
|
|
3. |
27th Dec 2020 |
ITR, ITR (Tax Audit), TAR, Transfer Pricing Audit: 31st March 2021 GSTR-9, 9C (FY 2018-19, 2019-20): 31st January 2021 |
|
|
4. |
Western Maharashtra Tax Practitioners' Association |
9th Dec 2020 |
Tax Audit Report: 28th February 2021 ITR: 31st March 2021 |
|
5. |
Gujarat Sales Tax Bar Association |
12th Dec 2020 |
GSTR-9, 9A, 9C (FY 2019-20): 30th June 2021 |
|
6. |
Chamber Of Tax Consultants |
12th Dec 2020 |
Tax Audit, Transfer Pricing Audit: 28th February 2021 ITR: 31st March 2021 |
|
7. |
Tax Practitioners' Association, Indore |
12th Dec 2020 |
Tax Audit, Transfer Pricing Audit, Income Tax Return: 28th February 2021 ITR (Tax Audit): 31st March 2021 |
|
8. |
AGFTC, ITBC, and CAA |
14th Dec 2020 |
Tax Audit Report, ITR (Tax Audit): 31st March 2021 |
|
9. |
15th Dec 2020 |
ITR, ITR (Tax Audit), TAR, Transfer Pricing Audit: 31st March 2021 GSTR-9, 9C (FY 2018-19, 2019-20): 31st March 2021 |
|
|
10. |
Tax Bar Association, Bhilwara |
15th Dec 2020 |
TAR: 28th February 2021 ITR: 31st March 2021 |
|
11. |
Direct Taxes Professionals' Association |
15th Dec 2020 |
TAR, ITR: 31st March 2021 AGM of Companies: 31st March 2021 Declaration under Vivad Se Vishwas Scheme: 15th March 2021 |
|
12. |
CA Social Affiliation (CASA) |
15th Dec 2020 |
TAR, Transfer Pricing Audit: 28th February 2021 ITR: 31st March 2021 (for all assessee) |
|
13. |
Association of Tax Payers & Professional, Agra |
15th Dec 2020 |
GSTR-9: 31st January 2021 GSTR-9A, 9C: 31st March 2021 |
|
14. |
16th Dec 2020 |
TAR: 28th February 2021 ITR for AY 2019-20: 31st January 2021 ITR (all assessee) for AY 2020-21: 31st March 2021 |
|
|
15. |
Jamshedpur Chartered Accountants Society |
16th Dec 2020 |
TAR, ITR: 31st March 2021 |
|
16. |
Emerging Businesses Chamber Of Commerce |
17th Dec 2020 |
Tax Audit Report, TP Audit: 28th February 2021 ITR: 28th Feb 2021 ITR (Tax Audit): 31st March 2021 |
|
17. |
Chartered Accountants Association, Jalandhar |
19th Dec 2020 |
TAR: 28th February 2021 ITR: 31st January 2021 ITR (Tax Audit): 31st March 2021 |
|
18. |
All India Federation of Tax Practitioners (CZ) |
19th Dec 2020 |
TAR, ITR: 28th February 2021 ITR (Tax Audit): 31st March 2021 Vivad Se Vishwas Scheme: 31st January 2021 |
|
19. |
Vyyapaar Mandal Association, Nagore & All India MSME and Tax Practitioners Association |
19th Dec 2020 |
ITR, Tax Audit, GSTR Annual Returns: 31st March 2021 |
|
20. |
Uttar Pradesh Tax Bar Association |
ITR, TAR: 31st March 2021 |
|
|
21. |
Tax Bar Association Guwahati |
19th Dec 2020 |
TAR: 28th February 2021 ITR: 31st March 2021 (for all assessee) |
|
22. |
Tax Bar Association Guwahati |
21st Dec 2020 |
GSTR-9, 9C (FY 2018-19): 31st march 2021 GSTR-9, 9C (FY 2019-20): 30th June 2021 |
However, even after several requests, the announcement for the date extension hasn’t been made yet. In these times, one can only hope that the request of the taxpayers and professionals are met. Let us know your thoughts on this, in the comments section below.
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