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Govt: 2019-20 ITR filing deadline extended for third time

Reported by:  PTC News Desk  Edited by:  Gitanjali Mangal -- December 30th 2020 09:29 PM -- Updated: December 30th 2020 09:30 PM
Govt: 2019-20 ITR filing deadline extended for third time

Govt: 2019-20 ITR filing deadline extended for third time

The government on Wednesday has extending the deadline for the third time, allowing individuals to file income tax returns for 2019-20 fiscal till January 10. The finance ministry said that the deadline for companies and individuals who need to get their accounts audited too have been extended by 15 days till February 15. Also Read | Punjab CM launches 'DigiNest' mobile app to ensure digital access to state govt. directory The due date for filing income tax return (ITR) by individuals and companies was December 31, 2020, and January 31, 2021, respectively. Income Tax: Is it mandatory to file ITR even if your annual income is less  than Rs 5 lakh/annum? | Zee Business Over 4.54 crore ITRs for 2019-20 fiscal (assessment year 2020-21) were filed till December 28. In the comparable period last year, 4.77 crore income tax returns were filed. Also Read | Dry run for COVID-19 vaccination successfully conducted in four states

At the close of deadline for filing ITRs without payment of late fees for fiscal 2018-19 (assessment year 2019-20), over 5.65 crore returns were filed by taxpayers. E-Filing ITR: Alert! Big changes in filing income tax return online, all  you need to know | Business News – India TV The income tax department tweeted about the same, stating that the extension in various deadline was given in view of the continued challenges faced by taxpayers in meeting statutory compliances due to the outbreak of COVID-19. https://twitter.com/IncomeTaxIndia/status/1344260412355665920?s=20   Also, the due date for filing declaration under the direct tax dispute resolution scheme Vivad Se Vishwas has been extended by a month till January 31. CBDT notifies income tax returns forms for 2019-20: Find all the details |  Business Standard News Also Read | Farmers defer Tractor March, Next meeting of farmers' leaders on Jan 2 The deadline for filing GST annual return for 2019-20 fiscal has been extended by 2 months till February 28, 2021.
-PTC News

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