Relief for taxpayers – Extension of Due Dates for Filing of Income Tax Returns

In view of challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (‘the Ordinance’) on 31.03.2020 which, inter alia, extended various time limits. Thereafter, Enactment of Amendment Act followed by several notifications, due dates for (ITR) and other forms were extended to 30.11.2020.

Further, due to delayed release of amended income return forms on income tax portal, several professional organizations requested the government to provide relief to taxpayers to comply with the statutory compliances i.e. filing of income tax returns and audit reports, which has been considered by CBDT and due dates have been further extended vide Press Release dated 24.10.2020. A gist of extended due dates stands as follows:

S. No.ParticularsOriginal due dateExtended due date
1ITR for AY 2020-21 – Cases where audit is required under any law for the time being in force.31.10.202031.01.2021
2ITR for AY 2020-21 – Cases where are to be furnished under international / specified domestic transactions30.11.202031.01.2021
3ITR for AY 2020-21 – Person other than those specified above31.07.202031.12.2020
4Tax Audit Report u/s 44AB (Non-TP Case)30.09.202031.12.2020
5Tax Audit Report u/s 44AB (TP Case)31.10.202031.12.2020
6Transfer Pricing Report u/s 92E for international transaction / specified domestic transaction.31.10.202031.12.2020
7Waiver of Interest u/s 234A for self-assessment tax having liability below Rs. 1,00,000. (In case of Row 1 and 2 – 31.01.2021 and for Row 3 – 31.12.2020.)NA31.01.2021  

 Source: Press Information Bureau (Govt. of India)