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Deadline for filing income tax returns by individuals extended to Jan 10

 ‘Continued challenges’ faced by people in the coronavirus pandemic prompts tax department to extend deadlines.

income tax

The deadline for individuals to file income tax returns has been extended by 10 days to January 10, 2021 due to “continued challenges” people face due to the coronavirus. The new deadline for filing GST annual return is February 28. The last date for declaration under Vivad Se Vishwas Scheme has been extended to December 31, 2020. The new date for furnishing of Income Tax Returns for taxpayers (including their partners) who have to get their accounts audited is January 31.

The date for furnishing of Income Tax Returns for the taxpayers who are required to furnish report in respect of international/specified domestic transactions was extended to January 31, 2021. The date for furnishing of Income Tax Returns for other taxpayers was extended to December 31, 2020. “In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of Covid-19, the Govt further extends the dates for various compliances,” said the Income tax Department said on Twitter. Around 43.7 million income tax returns for fiscal 2019-20 (Assessment Year 2020-21) had been filed till December 28, the tax department said on Tuesday.

 
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