Income tax due dates extended for the FY 2019-2020 (AY 2020-21)

On October 24, 2020 the Income Tax Department extended the due dates for various compliances for FY 2019-2020.

The due date of furnishing Income Tax Returns(ITRs) for taxpayers whose accounts require to be audited has been extended to 31st, January, 2021.

The due date for furnishing of ITRs for the taxpayers who are required to furnish report in respect of international/specified domestic transactions has been extended to 31st January, 2021.

The due date for furnishing of ITRs for the other taxpayers has been extended to 31st December, 2020.

The date for furnishing of various audit reports under the Act, including tax audit report and report in respect of international/specified domestic transaction, has been extended to 31st December, 2020.

Providing further relief to small & middle-class taxpayers in the matter of payment of self-assessment tax, the due dates for payment of self-assessment tax have again been extended.

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