Missed last date for ITR filing? Don’t worry you can still file but with late fee
As the deadline for filing the Income Tax Returns (ITR) has passed (July 31), and the government has given no…
The government on Saturday further extended the deadline for filing income tax returns for the assessment 2020-21 by a month to December 31. The earlier extension allowed such filing by general taxpayers by November 30.
Along with the general category of taxpayers, the government also extended the deadline of filing the returns by taxpayers whose accounts need to be audited. For such people, the Income-Tax Return filing deadline has been extended by two months till January 31, 2021.
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The government had in May extended the date for filing ITR for FY2019-20 from July 31 to November 30, to give compliance relief to taxpayers.
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In a statement, the Central Board of Direct Taxes (CBDT) said, “The due date for furnishing of Income Tax Returns for the 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.”
The due date for furnishing of ITR for the taxpayers, who are required to get their accounts audited (for whom the due date as per the I-T Act is October 31, 2020), has been extended to January 31, 2021, it added.
The CBDT said the deadlines have been extended in order to “provide more time to taxpayers for furnishing of Income Tax Returns”.
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