The Finance Ministry has announced an extension for several tax-related deadlines. This includes new due dates for Income Tax Returns for both audited and non-audited accounts, as well as Tax Audit Reports for the financial year 19-20. Additionally, the deadline for filing GST Annual Returns for FY 19-20 has also been extended.
The Finance Ministry via its press releasedated 30th December 2020, has extended the due dates for Income Tax Returns, Tax Audit Reports, and GST Compliances. The extended due dates are mentioned below:
Particulars
Extended Due Date
INCOME TAX RETURN (For taxpayers who are required to get their accounts audited) - FY 19-20
15th February 2021
INCOME TAX RETURN (As per the provisions of Section 139(1)) - FY 19-20
15th February 2021
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FAQ :
The due dates for Income Tax Returns (for audited and non-audited accounts), Tax Audit Reports, and GST Annual Returns for FY 19-20 have been extended.
The extended due date for Income Tax Returns for taxpayers who are required to get their accounts audited for FY 19-20 is 15th February 2021.
For taxpayers not required to get their accounts audited, the extended due date for Income Tax Returns for FY 19-20 is 10th January 2021.
The extended due date for Tax Audit Reports for FY 19-20 is 15th January 2021.
The extended due date for the GST Annual Return for FY 19-20 is 28th February 2021.