Notification No. 88/2020 [F. No. 370142/35/2020-TPL] / SO 3906(E)

Last updated: 31 October 2020

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This notification extends the deadline for furnishing income tax returns for the assessment year commencing 1st April 2020. For assessees under clauses (a) and (aa) of Explanation 2 to section 139(1), the deadline is extended to 31st January 2021. For all other assessees, the deadline is extended to 31st December 2020. Additionally, the time limit for furnishing audit reports under the Income-tax Act, 1961, has also been extended to 31st December 2020.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th October, 2020 TAXATION AND OTHER LAWS S.O. 3906(E).In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and A

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FAQ :

For assessees referred to in clauses (a) and (aa) of Explanation 2 to sub-section (1) of section 139, the time-limit for furnishing the return has been extended to the 31st day of January, 2021.

For other assessees not covered by the specific clauses mentioned, the time-limit for furnishing the income tax return has been extended to the 31st day of December, 2020.

Yes, the time-limit for furnishing audit reports under any provision of the Income-tax Act, 1961, has been extended to the 31st day of December, 2020.

This notification applies to compliance for the assessment year commencing on the 1st day of April, 2020.

This notification comes into force from the date of its publication in the Official Gazette.