Income Tax Return Due Date Extended for FY 2019-20/AY 2020-21

On 01-May-2021, the Ministry of finance after taking into consideration the severe impact of the Covid-19 pandemic and the multiple representations from various tax associations as well as the stakeholders has announced several extensions under the income tax Act. One of the most sought extensions was the filing of income tax returns. Income Tax Return Due Date Extended for FY 2019-20 (AY 2020-21) again by issuing CBDT issues Circular No. 08/2021 dated 30.04.2021 under section 119 of the IT Act, 1961. It has extended due dates of filings income tax returns belated as well as revised, TDS payment and return due dates under certain sections, Income-tax return in response to section 148, Appeals, DRC applications, etc.

Finance Minister Nirmala Sitharaman earlier also announced that the income tax return due date extended for FY 2019-20 from 31st October 2020 to 31st March 2021. Now-Again Income tax return due dates for FY 2019-20 (AY 2020-21) extended to 31st May 2021.

Various Extension in Income Tax Due Dates Announced on 01-05-2021

Here are a gist of the announcement in various income tax due dates:

Income Tax Return due date extended for FY 2019-20 (AY 2020-21)

Extension in income tax return due dates for belated & revised return under section 139(4) and 139(5) of the income tax Act, for Financial Year 2019-20 (AY 2020-21), which was required to be filed on or before 31st March 2021. The extended due date to file the return is now 31st May 2021.

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Due date of Payment of TDS & Return Extended under Few Section

Due date of Payment of TDS under Section 194-IA, Section 194-IB and Section 194M of the income tax Act, and Filing of TDS return for the same, which is required to be paid and furnished by 30th April 2021(respectively) may be paid and furnished on or before 31st May 2021

CIT (Appeal) Due Date Extended

Income Tax Commissioner appeal (CIT Appeals), for which the last date of filing is 1st April 2021 or thereafter, may be filed within the time provided under that Section or by 31st May 2021, whichever is later

Objection to DRP due date extended

Objections to Dispute Resolution Panel (DRP) under Section 144C of the Act, for which the last date of filing under that Section is 1st April 2021 or thereafter, may be filed within the time provided under that Section or by 31st May 2021, whichever is later

Income tax return in response to notice under Section 148 extended

Income-tax return in response to notice under Section 148 of the Act, for which the last date of filing of return of income under the said notice is 1st April 2021 or thereafter, may be filed within the time allowed under that notice or by 31st May 2021, whichever is later;

Statement and Declaration (Form 61 & Form 60) Due Date Extended

Statement in Form No. 61, containing particulars of declarations received in Form No.60, which is due to be furnished on or before 30th April 2021, maybe furnished on or before 31st May 2021.

This will benefits various taxpayers who were not able to furnish their income tax returns on the extended due dates. Find below the announcement on the twitter:

Download Circular for extension of income tax due dates

Finance Ministery extended timelines of certain compliances, to mitigate the difficulties faced by taxpayers due to the ongoing COVID-19 pandemic. CBDT issues Circular No. 08/2021 dated 30.04.2021 u/s 119 of the IT Act, 1961

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