The Income Tax department on Monday extended the time-period till December 31 to file income tax returns for the financial year 2019/20. This decision was taken by the department to the ease the burden on people in the view of coronavirus pandemic.
The income tax department from its official Twitter handle shared that “More than 4.23 crore Income Tax Returns for AY 2020-21 have already been filed till 27th of December, 2020. Have you filed yours? If not filed as yet, don't wait. File your #ITR for AY 2020-21 TODAY!”
More than 4.23 crore Income Tax Returns for AY 2020-21 have already been filed till 27th of December, 2020.
Have you filed yours?
If not filed as yet, don't wait. File your #ITR for AY 2020-21 TODAY!
Visit https://t.co/EGL31K6szN for details.#ITR#AajHiFileKaro pic.twitter.com/fbxXDYnZjH— Income Tax India (@IncomeTaxIndia) December 28, 2020Advertisement
Here are the key dates to remember by the taxpayers for filing ITR:
- January 31, 2021, is the due date for furnishing the income tax returns for taxpayers whose accounts require to be audited.
-December 31, 2020, is the due date for furnishing various audit reports under the Act, including the tax audit report and report in respect of international or specified domestic transactions.
-January 31, 2021, is the due date for the small taxpayers, or income tax assessees with tax liability up to Rs 1 lakh.
