Income tax return filing last date for FY20 extended till Dec 31

The tax return (ITR) filing last date for FY 2019-20 has been further extended to Dec 31, 2020, for many individual taxpayers, from 30 Nov 20. This the second extension of the ITR filing last date for FY2019-20.

As the government announced on 24 Oct 20, “In order to provide more time to taxpayers for filling their ITR, it’s been decided to further extend the last date of Income-Tax Returns filing as under mentioned:
Last date of tax returns (ITR) filing for these individuals [for whom the Last date (i.e. before the extension by the said notification dated 24 Jun 20 as per the Act was 31July 20] has been extended to 31 Dec 20.
The last date for tax returns for the taxpayers (including their partners) who are required to urge their accounts audited [for whom the last date (i.e. before the extension by the said notification dated 24 Jun 20) as per the Act is 31 Oct 20] has been extended to 31 Jan 21.

The last date of tax returns filing for the tax payers who are required to furnish report in respect of international/specified domestic transactions [for whom the last date (i.e. before the extension by the said notification dated 14 Jun 20) as per the Act is 30 Nov20] has been extended to 31 Jan21.
Consequently, the date for furnishing of various audit reports under the Act including tax audit report and report in respect of international/specified domestic transaction has also been extended to 31 Dec 20, said the govt in an announcement.

Further, relief is provided to small and middle class taxpayers in the matter of payment of self-assessment tax, the last date for payment of self-assessment tax date is hereby again being extended. Accordingly, the last date for payment of self-assessment tax for taxpayers whose self-assessment liabilities is up to Rs 1 lakh has been extended to 31 Jan 21 for the taxpayers whose accounts are required to be audited and to 31 Dec 20 for the taxpayers whose accounts aren’t subjected to be audit.”

Also read: How to file ITR? Here’s the step by step guide.

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