Govt Has Extended Dates For Filing Income Tax Returns
- 24-Oct-2020
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New Delhi: The government has further extended the filing deadlines for income tax returns and GST annual returns. The deadline for filing income tax returns for individuals for financial year 2019-20 (assessment year 200-21) has been extended by a month to December 31 and the due date for Income Tax Returns for taxpayers whose accounts require to be audited has been extended till January 31 next year.
Many associations of tax consultants, chartered accountants had been over the last few weeks making representations for a further extension of filing deadlines citing difficulties being faced due to Covid-19 pandemic.
Though the CBDT had extended the due dates for filing of the IT Returns earlier, the associations and industry representatives said it is very unlikely that the assessee would be in a position to get the accounts audited by October 31 and then file the returns by November 30.
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