CBDT further extends due date for furnishing of Income Tax Return and Tax Audit Report for AY 2020-21

Ministry of Finance has issued a Press Release dated 24th October, 2020 to inform about further extension of due date in furnishing of Income Tax Return and Audit Report under Income Tax Act, 1961.

Key points of the Press Release are:

1. The due date for furnishing of Income Tax Returns for the taxpayers (including their partners) who are required to get their accounts audited for whom the due date as per the Act is 31st October, 2020 (i.e. 30th November, 2020 after the extension provided by Notification No. 35/2020 dated 24th June, 2020) has been extended to 31st day of January, 2021.
2. The due date for furnishing of Income Tax Returns for the taxpayers who are required to furnish report in respect of international/specified domestic transactions for whom the due date as per the Act is 30th November, 2020 has been extended to 31st day of January, 2021.
3. The due date for furnishing of Income Tax Returns for the other taxpayers for whom the due date as per the Act was 31st July, 2020 (i.e. 30th November, 2020 after the extension provided by Notification No. 35/2020 dated 24th June, 2020) has been extended to 31st day of December, 2020.
4. The due date for furnishing of various audit reports under the Act including tax audit report and report in respect of international/specified domestic transaction has also been extended to 31st day of December, 2020.
For further details please refer the attached document. We will share the relevant Notification once it is out in public domain.

 

Source: Central Board of Direct Taxes (CBDT)

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