The government has extended the due date to file the income tax return (ITR) for the assessment year 2020-2021 to 10 January 2021 from 31 December 2020. Similarly, the due dates for a few other compliances are also extended.
In the notification, the government has mentioned why this extension is the taxpayers’ continued challenges to meet statutory and regulatory compliances due to COVID-19. It is also noted that many taxpayers had requested the government to extend the due date for filing income tax returns for the financial year 2019-2020 through social media channel, such as Twitter.
Here is a list of all the due date extensions announced by the government:
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The income tax department has shared that more than 4.73 crore income tax returns have been filed for the assessment year 2020-2021 until 30 December 2020. It is said taxpayers assumed that the ITR filing due date would not be extended again. Whereas, 4.51 crore ITRs were filed by the same time last year.
We all know that the government is in financial deficit due to the three-month nationwide lockdown and disturbed economic activities. The government is still recovering from the drastic change caused by the pandemic from all aspects.
For any clarifications/feedback on the topic, please contact the writer at apoorva.n@cleartax.in
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