On December 25th, up to 9 PM, a significant number of 7,63,832 Income Tax Returns (ITRs) for AY 2020-21 were filed. This comes as the Finance Ministry has extended various tax filing deadlines. Taxpayers requiring an audit now have until February 15th, 2021, to file their ITRs, while those not requiring an audit have until January 10th, 2021. Deadlines for Tax Audit Reports and GST Annual Returns have also been adjusted.
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 :
On December 25th, up to 9 PM, a total of 7,63,832 Income Tax Returns for AY 2020-21 were filed.
The new due date for Income Tax Returns for taxpayers who are required to get their accounts audited is 15th February 2021.
Taxpayers who are not required to get their accounts audited have an extended deadline of 10th January 2021 for filing their Income Tax Returns.
The updated due date for filing Tax Audit Reports is 15th January 2021.
The deadline for the GST Annual Return for FY 19-20 has been extended to 28th February 2021.