The
profits tax go back (ITR filing) submitting closing date for FY 2019-20
has been in addition prolonged to 31 December 2020, for maximum person
taxpayers, from the sooner closing date of November 30, 2020. This the second
one time the tax submitting closing date for FY20 has been prolonged. With an
intention of offering greater time to taxpayers for furnishing in their ITR,
staying in line with the authorities’ press launch issued on October 24, 2020, it's
been determined to in addition amplify the due date for furnishing of
Income-Tax Returns as beneath:
Due
date set for furnishing of profits tax returns (ITR) for those person taxpayers
[for whom the due date (i.e. before the extension by the said notification
dated June 24, 2020 as per the Act was 31st July, 2020] has been prolonged to
thirty first December, 2020.The due date for furnishing of profits tax returns
for the taxpayers (which include their partners) who're required to get their
debts audited [for whom the due date (i.e. before the extension by the said
notification dated June 24, 2020) as per the Act is 31st October, 2020] has
been prolonged to thirty first January, 2021.The due date for furnishing of
profits tax returns for the taxpayers who're required to supply file in
recognize of international/particular home transactions [for whom the due date
(i.e. before the extension by the said notification of date June 24, 2020) as
per the Act is 30th November, 2020] has been prolonged to thirty first January,
2021.
Consequently,
the date for furnishing of numerous audit reviews beneath the Act which include
tax audit file and file in recognize of international/particular home
transaction has additionally been prolonged to thirty first December, 2020,
stated the authorities in a press launch. Further, alleviation is supplied to
small and center elegance taxpayers withinside the rely of price of
self-evaluation tax, the due date for price of self-evaluation tax date is
hereby once more being prolonged. Accordingly, the due date for price of
self-evaluation tax for taxpayers whose self-evaluation tax legal
responsibility is as much as Rs 1 lakh has been prolonged to thirty first
January, 2021 for the taxpayers whose debts are required to be audited and to
thirty first December, 2020 for the taxpayers whose debts aren't required to be
audited.
If you need any help regarding on Income tax return filing feel free to contact us our Toll Free number 180030702070, Our Business advisor will explain you in details.
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