Friday, April 23

ITR Day Extension: Deadline to file ITR extended till January 10 | India Business News

ITR Day Extension: Deadline to file ITR extended till January 10 | India Business News


NEW DELHI: The authorities on Wednesday additional prolonged the deadline to file money tax returns (ITRs) for economic calendar year 2019-20 (evaluation year 2020-21) for personal taxpayers by 10 times till January 10, 2021 in wake of the ongoing Covid-19 pandemic.
In a tweet, the I-T office mentioned: “In watch of the continued issues faced by taxpayers in conference statutory compliances because of to outbreak of Covid-19, the govt further more extends the dates for various compliances.”

In addition, the deadline for submitting ITR for the monetary calendar year 2019-20 by companies has also been prolonged by 15 times till February 15 from January 31.
The owing day for submitting profits tax return (ITR) by people today and companies was December 31, 2020, and January 31, 2021, respectively.
This is the third time that the I-T division has extended the return filing deadline. The Centre experienced in May extended the July 31 deadline till November 30, which was even further prolonged till December 31 later on.
Further more, the due date for filing declaration below the immediate tax dispute resolution scheme Vivad Se Vishwas has been prolonged by a thirty day period until January 31. While, that for submitting GST yearly return for 2019-20 fiscal has been extended by 2 months until February 28, 2021.
Independently, the tax section experienced educated that around 4.54 crore ITRs for the present fiscal year were being submitted till December 28. In the similar interval very last yr, 4.77 crore revenue tax returns were being submitted.





Source (important)

Leave a Reply

Your email address will not be published. Required fields are marked *