Extension of due date of 31.12.2020 for tax audit & ITR filing for AY 2020-21 – Read CBDT Order

Extension of due date of 31.12.2020 for tax and other audit and ITRs filing for AY 2020-21 – Read CBDT Order 

Extension of due date for tax audit and ITRs filing for AY 2020-21

In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of COVID-19, the Govt further extends the dates for various compliances. 

a. The due date for furnishing of Income Tax Returns for the taxpayers (including their partners) who are required to get their accounts audited and companies has been further extended to 15th February. 2021.

b. The due date for furnishing of Income Tax Returns for taxpayers required to furnish report in respect of international/specified domestic transactions has been further extended to 15th February, 2021.

c. The due date for furnishing of Income Tax Returns for the other taxpayers has been further extended to 10th January, 2021.

d. The date for furnishing of various audit reports has been further extended to 15th January, 2021.

e. The last date for making a declaration under Vivad Se Vishwas Scheme has been extended to 31^s‘ January, 2021.

f. The date for passing of orders under Vivad Se Vishwas Scheme, has been extended to 31st January, 2021.

g. The date for passing of order or issuance of notice by the authorities under the Direct Taxes & Benami Acts extended to 31st March, 2021.

Due date for payment of Self Assessment Tax

Due date for payment of self-assessment tax for taxpayers whose self-assessment tax liability is up to Rs. 1 lakh has been extended to 15^th February 2021 for the taxpayers mentioned in para 4(a) and para 4(b) and to 10^th January, 2021 for the taxpayers mentioned in para 4(c).

Due date for filing GST Annual Return Extended

The Government has also extended the due date of furnishing of GST annual return for the financial year 2019-20 to 28^th February, 2021.

Earlier CBDT vide Notification No. 88/2020 dated 29.10.2020 extended the date for furnishing of various audit reports under the Income Tax Act including tax audit report and report in respect of international/specified domestic transaction for FY 2019-20 ( AY 2020-21 ) to 31st December, 2020

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