As of 8 PM on December 29th, a significant 1,365,147 Income Tax Returns (ITRs) for AY 2020-21 had been filed. This update comes as the Finance Ministry has extended several key filing deadlines. Taxpayers requiring an audit now have until February 15th, 2021, to submit their ITRs, while those not requiring an audit must file by January 10th, 2021. Tax Audit Reports are due by January 15th, 2021, and the GST Annual Return for FY 19-20 is now due on February 28th, 2021.
Update:
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
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FAQ :
As of 8 PM on December 29th, 1,365,147 Income Tax Returns had been filed.
For taxpayers requiring an audit, the new ITR due date is February 15th, 2021. For those not requiring an audit, the due date is January 10th, 2021.
The due date for Tax Audit Reports has been extended to January 15th, 2021.
The GST Annual Return for FY 19-20 is now due by February 28th, 2021.
The article mentions the due date for filing Income Tax Return for AY 19-20 is 31st December 2020, and the deadline for Tax Audit and Transfer Pricing Audit is 31st January 2021.