No Further Extension of Date - CBDT Rejects Representation

The Central Board of Direct Taxes has rejected the demand for further extension of the last date for income tax return (ITR) filing beyond February 15, 2021 for the ones where tax audit / TP audit filing deadline is January 15, 2021 is required and for others January 10, 2021.

In December 2020, the government extended the ITR filing deadline for individuals till January 10 and for the company till January 15 for various audit report and February 15 for Income-tax return.

"CBDT passes order u/s 119 of Income-tax Act, 1961 in F No. 370153/39/2020-TPL vide dated 11th January, 2021, disposing off the representations for extension of due date for filing of Audit Report u/s 44AB of the ITA, in compliance with the order of Hon''ble Gujarat High Court dated 8th January, 2021," the income tax department said in a tweet along with detail analysis of board contention.

This was in response to the Gujarat High Court order dated January 8, 2021 in the case of The All India Gujarat Federation of Tax Consultants versus Union of India directing the finance ministry to look into the issue of the extension of due dates for filing audit reports under Section 44AB of the Income Tax Act.

As per the provisions of the Act, the due date for filing of the audit report under Section 44AB is one month prior to the due date of filing of income tax return, it said.

The due dates for payment of self-assessment tax for taxpayers whose amount due does not exceed Rs 1 lakh also coincide with the due dates for filing of ITR, it said.

On December 30, 2020, the government announced the extension of the last dates for filing of returns by individuals to January 10, 2021 from December 31, 2020.

Click here CBDT order u/s 119 of Income-tax Act,1961 in F No. 370153/39/2020-TPL dt 11th January,2021, disposing off the representations for extension of due date for filing of Audit Report u/s 44AB, in compliance with the order of Hon'ble Gujarat High Court dt 8th January,2021 - https://www.incometaxindia.gov.in/news/order-under-section-119-dated-11-01-2021.pdf

Summary for Extended Date

1. Individual ITRs For AY – 2020-21 : 10th January, 2021

2. Tax Audit and other Audits AY – 2020-21 : 15th January, 2021

3. Income Tax Returns in case Audit (In case TP Audit) AY – 2020-21 : 15th February, 2021

4. Income Declaration Under Vivad se Vishwas Scheme : 31st January, 2021