No further extension to file income-tax returns: CBDT | Latest News India - Hindustan Times
close_game
close_game

No further extension to file income-tax returns: CBDT

ByHT Correspondent | Edited by Smriti Sinha
Jan 12, 2021 08:38 AM IST

The board’s order says that any further extension “would affect the return filing discipline and shall also cause injustice to those who have taken pains to file the return before the due date”

The Central Board of Direct Taxes (CBDT) on Monday rejected all representations for extending the deadlines to file income-tax returns (ITRs) on the ground that deadlines were already extended three times to provide relief to pandemic-hit individuals and corporate taxpayers.

Representational Image. (HT archive)
Representational Image. (HT archive)

“Any further extension would adversely affect the return filing discipline and shall also cause injustice to those who have taken pains to file the return before the due date,” said an order of CBDT, which has been reviewed by HT.

Hindustan Times - your fastest source for breaking news! Read now.

In a major relief to individual taxpayers (non-audit cases), the government on December 31 last year extended the deadline for filing ITRs from December 31 to January 10, 2021. The deadline for filing ITRs for tax audit cases was extended from January 31, 2021, to February 15, 2021.

“It would also postpone the collection of revenue thereby hampering the efforts of the government to provide relief to the poor during these Covid times,” the CBDT order said.

Various deadlines were extended for the third time on December 31, 2020, to provide relief to different category of taxpayers who had been badly hit by the Covid-19 pandemic. While the initial deadline for individual taxpayers was July 31, it was first extended to November 30, then to December 31 and finally to January 10, the order said. Similarly, deadlines were extended for corporate taxpayers and assesses who required to get their accounts audited.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Mukhtar Ansari Death News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On