Economy

Govt extends 2019-20 ITR filing deadline till Jan 10

File photo used for representational purpose.   | Photo Credit: istock

The government on Wednesday extended the timelines to file tax returns till January 10.

The Finance Ministry said the extensions were initially granted “in view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19”. It said more time was being provided “considering the problems being faced by them”.

The income tax payers, who need to have their accounts audited or furnish details on specific domestic or international transactions, now have time till February 15, to file their returns instead of the earlier January 31 deadline .

“The date for furnishing of various audit reports under the Act including tax audit report and report in respect of international/specified domestic transaction for the Assessment Year 2020-21 has been further extended to 15th January, 2021,” the ministry said.

Similarly, the date for making declarations under the tax dispute resolution scheme Vivad Se Vishwas has been extended to January 31, 2021, from December 31, 2020, specified earlier. The last date for passing orders under the scheme has however been given just a one-day extension from January 30, 2021 to January 31, 2021.

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Printable version | Apr 17, 2021 5:33:24 AM | https://www.thehindu.com/business/Economy/over-454-crore-itrs-filed-for-fiscal-2019-20-till-dec-29/article33453625.ece

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