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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

To read the official announcement, click here

The Direct Taxes Committee of the Institute of Chartered Accountants of India has made a request to the Ministry of Finance regarding the extension of various due dates under the Income Tax Act, 1961 especially Tax Audit Reports and related returns and Income Tax Return Forms for AY 2020-21. Read the official representation letter below:

ICAI/DTC/2020-21/Rep-29
Dated: 26th December 2020

To
Chairman,
Central Board of Direct Taxes, Ministry of Finance,
Government of India,
North Block,
New Delhi-110 001.

Sir,

Re: Humble reminder to consider immediately our request(s) for extension of various due dates under Income-tax Act, 1961 especially Tax Audit Reports and related returns and Income Tax Return Forms for AY 2020-21

We refer to our earlier representation (ICAI/DTC/2020-21/Rep – 26 dated 13.12.2020) submitted to your good office detailing therein issues/concerns being faced by taxpayers/members due to ongoing COVID19 pandemic and the resultant need to further extend the due date of filing ITR Forms and Tax Audit report and other related returns/reports for AY 2020-21. It is reported that Income tax website has slowed down.

Extension of Income Tax Returns and Tax Audit Reports requested by ICAI

Urgent need to decide extension of due dates especially of ITR Forms and TAR for AY 2020-21 in the interest of assessees and professionals-Income tax website has slowed down

In this hyper atmosphere of pandemic, health of professionals as well as assessees is at risk and is highly vulnerable. Extensions of due dates of compliances for this year is highly justified and will do good both for revenue as well as assessees and professionals concerned.

It is also pertinent to mention that our members as well as assessees have reported that the official website of income-tax department (efiling) is having issues recently and has slowed down considerably may be due to online voluminous traffic. This has further added tensions and pressures to the already burdened assessees as well as professionals.

Extension of Income Tax Returns and Tax Audit Reports requested by ICAI

Suggestion(s):

In the interest of the Nation as a whole, it is once again humbly requested that the CBDT may decide on an immediate basis to extend due date of filing return of income u/s 139(1) as well as tax audit report and related returns for AY 2020-21 to a suitable date of say 31.03.2021 from 31.12.2020 which is fast approaching. Further, all the other due dates of compliances under Income-tax Act, 1961 (TDS/TCS/Section 11(1A)/54/54F/Advance tax payments etc.) be suitably extended to say 31.03.2021 to enable assessees to meet such deadlines without incurring any other extra cost.

We hope that our suggestions would be favourably considered. We would be happy to deliberate on the matter albeit virtually, if considered necessary by your good office.

With Warm Regards

CA Tarun Jamnadas Ghia 
Chairman, Direct Taxes Committee
The Institute of Chartered Accountants of India

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