Deadline for filing returns by individual taxpayers for FY2019-20 extended by a month till December 31

The date for furnishing audit reports, which includes tax audit report and report in respect of international or specified domestic transaction, has also been extended to December 31, the Central Board of Direct Taxes (CBDT) said.

The deadline for filing returns for individual taxpayers for financial year 2019-20 has been extended by one month, the Union finance ministry said on Saturday. The deadline will now be on December 31, 2020.

The union finance ministry on Saturday said that the deadline for filing returns for individual taxpayers for financial year 2019-20 has been extended by one month. (AP file photo. Representative image)

The date for furnishing audit reports, which includes tax audit report and report in respect of international or specified domestic transaction, has also been extended to December 31, the Central Board of Direct Taxes (CBDT) said. CBDT added that the date for payment of self-assessment tax for those with self-assessment tax liability of upto Rs 1 lakh is extended to January 31, 2021.

Meanwhile, the due date for furnishing of income tax returns for taxpayers (including their partners) required to get their accounts audited and for whom the due date, which is before the extension by new notification according to the Income Tax Act was October 31, 2020, has been extended to January 31, 2021, CBDT said.

The Central Board of Indirect Taxes and Customs (CBIC) on Saturday mentioned that it has been decided to extend the due date for filing Annual Return (FORM GSTR-9/GSTR-9A) and the Reconciliation Statement (FORM GSTR-9C) for financial year 2018-19 from 31st October 2020 to 31st December 2020.