To mitigate the Covid-19 impact, the government has further extended the due date for furnishing of Income Tax Returns to December 31, 2020 for the income earned during 2019-20. Normally, personal IT returns have to be submitted by July 31. The due date was earlier extended to November 30. Now, yet another extension has been given.
”In order to provide more time to taxpayers for furnishing of Income Tax Returns, it has been decided to further extend the due date for furnishing of Income-Tax Returns,” according to a Finance Ministry statement.
The date for furnishing of various audit reports including tax audit report and report in respect of international/specified domestic transaction has also been extended to December 31, 2020.