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Income Tax Return & Audit Report Due Date Extended for FY 2019-20

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By Arpit Kulshrestha
Extension for Tax Returns & Audit Report Date

The date of filing the tax audit report and Income tax return for the financial assessment year 2020-21 has been extended by CBDT. The amendment in dates is being listed in the table below.

Compliance NatureFinancial YearActual Due DateLast Extension of Due DateCurrent Due Date
Belated Income Tax Return2018-1931st March 202030th September 202030th November 2020
Revised Income Tax Return2018-1931st March 202030th September 202030th November 2020
Return of Income (In case of TP Audit)2019-2030th November 2020-31st January 2021
Return of Income (Company Assessee)2019-2031st October 202030th November 202031st January 2021
Income Tax Return Where Audit is Compulsory2019-2031st October 202030th November 202031st January 2021
Return of Income (In case of a Partner in a firm whose audit is mandatory)2019-2031st October 202030th November 202031st January 2021
Income Tax Return (In Any other case)2019-2031st July 202030th November 202031st December 2020
Filing of Tax Audit Report And All Other Reports2019-2030th September 202030th November 202031st December 2020

Read Also: Income Tax Return Filing Due Dates for FY 2019-20 (Last Date)

For the assessment year 2020-21, the last date for furnishing the Income-tax return is prolonged, however, there is no relief given for the interest levied beneath section 234A if the liability for the tax is more than Rs 1 lakh. Hence if the tax liabilities for an assessee in self-assessment are more than Rs 1 lakh he should have to pay the interest in section 234A with the last date. Which is 31-07-2020 or 31-10-2020. Under the Act 234A, the interest will not be payable if the liability is less than Rs 1 lakh along with the file income tax return furnished within the last date in the subject of self-assessment.

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