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Deadline To File Income Tax Returns Extended Till January 10

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New Delhi: The central government extended the December 31-deadline for filing the income tax return (ITRs) to January 10, 2021 for individual taxpayers and the date for filing tax returns by the companies was extended to February 15, 2021.

This is the second time the deadline was extended. The first time it was extended from July 31 to December 31 to get accounts audited. Generally, the last date to file income tax returns is July 31.

According to the Finance Ministry, the due date for filing of income tax returns for the assessment year 2020 to 2021 for taxpayers, including their partners, who are required to get their accounts audited has been extended to February 15.

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“In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of COVID-19, the government further extends the dates for various compliances,” the Income Tax Department said via Twitter.

The last date of filing of annual returns under the Central Goods and Services Tax Act, 2017, for the year 2019-2020 has been extended to February 28, the Income Tax Department stated.

The announcement under the ‘Vivaad Se Vishwas’ Scheme last date was also extended to January 31, 2021. Income Tax Department stated that more than 4.54 crore tax returns have been filed for 2019-20 fiscal until December 29.

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