DUE DATE FOR FILING INCOME TAX RETURN FOR THE ASSESSMENT YEAR 2020-21

DUE DATE FOR FILING INCOME TAX RETURN FOR THE ASSESSMENT YEAR 2020-21

In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (38 of 2020) (hereinafter referred to as the Act), the Central Government hereby specifies, for the purpose of the said sub-section (1), that, in a case where the specified Act is the Income-tax Act, 1961 and the compliance for the assessment year commencing on the 1st day of April, 2020, relates to –

(i) furnishing of return under section 139 thereof, the time-limit for furnishing of such return, shall - (a) in respect of the assessees referred to in Clause (a) and (aa) of Explanation 2 to sub-section (1) of the said section 139, stand extended to the 31st day of January, 2021; and (b) in respect of other assessees, stand extended to the 31st day of December, 2020: Provided that the provisions of the fourth proviso to sub-section (1) of the Act shall, mutatis mutandis apply to these extensions of due date, as they apply to the date referred to in sub-clause (b) of clause (i) of the third proviso thereof.

(ii) furnishing of report of audit under any provision of that Act, the time-limit for furnishing of such report of audit shall stand extended to the 31st day of December, 2020.

Where as the Explanation to Section 139(1) of the Income-tax Act 1961 –

Clause (a) where the assessee other than an assessee referred to in clause (aa) is —

(i)  a company; or

(ii)  a person (other than a company) whose accounts are required to be audited under this Act or under any other law for the time being in force; or

(iii)  a partner of a firm whose accounts are required to be audited under this Act or under any other law for the time being in force, the [31st day of October] of the assessment year;

Clause (aa)  in the case of an assessee who is required to furnish a report referred to in section 92E, the 30th day of November of the assessment year. 

Click here for Notification -   -  https://www.incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF_News/222832.pdf