Announcement for Income Tax Returns and Annual Return: The Central Board of Direct Taxation (CBDT) on Saturday announced that the deadline for filing returns by individual taxpayers for Financial Year 2019-20 has been extended by a month till December 31.
The CBDT was quoted by news agency ANI as saying: “The due date for furnishing of Income Tax Returns for the other taxpayers [for whom the due date (i.e. before the extension by the said notification) as per the Act was July 31, 2020] has been extended to December 31, 2020.
Apart from the deadline for filing returns, the due date for furnishing of Income Tax Returns for taxpayers (including their partners) who are required to get their accounts audited [for whom the due date (i.e. before the extension by new notification) as per Income Tax Act is 31 Oct 2020] has also been extended to January 31, 2021.
Likewise, the date for furnishing audit reports including tax audit reports and reports in respect of international/specified domestic transactions extended to December 31, 2020.
The date for payment of self-assessment tax for those with a self-assessment tax liability of up to Rs.1 lakh has been extended to January 31, 2021, the CBDT stated.
It has also been decided to extend the due date for filing Annual Return (FORM GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for Financial Year 2018-19 from October 31, 2020, to December 31, 2020, the Central Board of Indirect Taxes and Customs (CBIC) stated.