Extension in Income Tax Returns due dates

Considering the situation created due to the prevailing Coronavirus situation and the subsequent expected delays both in deployment of the income tax return preparation utilities and the calculation of the same, the Government has extended the due dates for Financial Year 2019-20 (Assessment Year 2020-21) to November 30, 2020 for filing of income tax returns for those tax payers whose due date was July 31, 2020.

The Tax Audit and Transfer Pricing Dates have also been extended to 31 October, 2020 from September 30, 2020.

Article by CA Bhavesh Savla