{"id":10029,"date":"2020-10-26T19:18:43","date_gmt":"2020-10-26T13:48:43","guid":{"rendered":"https:\/\/www.mintyapp.in\/blog\/?p=9058"},"modified":"2021-08-23T12:02:53","modified_gmt":"2021-08-23T06:32:53","slug":"income-tax-return-itr-filing-deadline-for-2019-20-extended","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/income-tax-return-itr-filing-deadline-for-2019-20-extended\/","title":{"rendered":"ITR filing deadline for 2019-20 extended"},"content":{"rendered":"\n

On Saturday, CBDT (Central Board of Direct Taxes) extended the deadline for filing income tax return (ITR) for FY 2019-20 (AY 2020-21) from 30th November 2020 to 31st December 2020. This is the second time that the due date has been extended this year. Usually, the due date is 31st July which now has been extended till 31st Dec for the current assessment year.<\/p>\n\n\n\n

This announcement has provided a major relief to the tax payers who were facing the challenge of meeting the statutory and regulatory compliances owing to COVID-19 Pandemic. This will give more time to taxpayers to furnish their income tax returns.<\/p>\n\n\n\n

The government mentioned that it had received a large number of pleas for the extension in view of the outbreak of the COVID-19<\/a> pandemic and lockdown. The GST Council had also recommended that taxpayers should be granted more time to comply.<\/p>\n\n\n\n

Not only this, but several chartered accountant bodies had also been urging the government to extend the return filing deadlines this year looking at the disruptions caused by the Coronavirus pandemic which further led to a national lockdown.<\/p>\n\n\n\n

It was further announced that taxpayers whose accounts need to be audited will have to file their returns latest by 31st January 2021. This means such taxpayers got additional two months to file income tax returns. Earlier, the date was extended from 31st October to 30th November and now it got further extended till 31st December 2020.<\/p>\n\n\n\n

\"TAX\"<\/figure><\/div>\n\n\n\n

Also read: 10 Income Tax Return Filing Tips To Remember<\/a> <\/p>\n\n\n\n

CBDT statement further added that the due date for payment of self-assessment tax for taxpayers whose self-assessment tax liability is up to \u20b91 lakh has also been extended to provide relief to small and middle-class taxpayers. The new due date to pay self-assessment tax is 31 January 2021 for taxpayers whose account needs to be audited and for the rest, the due date is 31st Dec 2020.<\/p>\n\n\n\n

It is crucial to understand that though the due date for filing of income tax return for the Assessment Year 2020-21 has been extended, however, no relief shall be provided from the interest chargeable under section 234A if the tax liability exceeds \u20b91 lakh. Thus, if the self-assessment tax liability of a taxpayer exceeds \u20b91 lakh, he would be liable to pay interest under section 234A from the expiry of original due dates.<\/p>\n\n\n\n

The due date for furnishing of ITRs for the taxpayers who are required to furnish report in respect of international\/specified domestic transactions has also been extended to 31st January, 2021. <\/p>\n\n\n\n

Summary Table <\/strong><\/p>\n\n\n\n

\n Particulars<\/strong>\n <\/td>\n Original\n Due date<\/strong>\n <\/td>\n First\n Extension<\/strong>\n <\/td>\n Second\n Extension<\/strong>\n <\/td><\/tr>
\n ITR for FY\n 19-20 (AY 20-21)<\/strong>\n <\/td>\n 31st<\/sup>\n July 2020<\/strong>\n <\/td>\n 30th<\/sup>\n Nov 2020<\/strong>\n <\/td>\n 31st<\/sup>\n Dec 2020<\/strong>\n <\/td><\/tr>
\n Payment of\n Self-assessment Tax (if upto 1 lac)<\/strong>\n <\/td>31st<\/sup> july 2020<\/strong> <\/td>\n 30th<\/sup>\n Nov 2020<\/strong>\n <\/td>\n 31st<\/sup>\n Dec 2020<\/strong>\n <\/td><\/tr>
\n ITR for FY\n 19-20 (AY 20-21) for taxpayers whose account needs to be audited<\/strong>\n <\/td>\n 31st<\/sup>\n Oct 2020<\/strong>\n <\/td>\n 30th<\/sup>\n Nov 2020<\/strong>\n <\/td>\n 31st<\/sup>\n Jan 2021<\/strong>\n <\/td><\/tr>
\n Payment of\n Self-assessment Tax (if upto 1 lac) for taxpayers whose account needs to be\n audited<\/strong>\n <\/td>\n 31st<\/sup>\n Oct 2020<\/strong>\n <\/td>\n 30th<\/sup>\n Nov 2020<\/strong>\n <\/td>\n 31st<\/sup>\n Jan 2021<\/strong>\n <\/td><\/tr>
\n Due date for\n furnishing of various audit reports including tax audit report and reports on\n specific domestic or international transactions<\/strong>\n <\/td> 30th sep 2020<\/strong> <\/td>\n 31st<\/sup>\n Oct 2020<\/strong>\n <\/td>\n 31st<\/sup>\n Dec 2020<\/strong>\n <\/td><\/tr>
\n ITR for taxpayers\n who need to furnish reports on specific domestic or international transactions<\/strong>\n <\/td>\n 30th<\/sup>\n Nov 2020<\/strong>\n <\/td>\n NA<\/strong>\n <\/td>\n 31st<\/sup>\n Jan 2021<\/strong>\n <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The above table summarizes the extended deadlines for simple understanding.<\/p>\n\n\n\n

Related Article<\/strong> : Know These Changes In ITR Forms Before Filing!<\/a> <\/p>\n\n\n\n

Not only this, the government on Saturday has also extended the due date for GST annual returns for FY 2018-19 by two months to December 31, 2020. Owing to lockdown, normal operation of businesses have still not been possible in several parts of the country and thus it has been requested from the government that the due dates for the same should be extended. <\/p>\n\n\n\n

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Disclaimer:<\/strong> The views shared in blogs are based on personal opinion and does not endorse the company\u2019s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the sole decision of the investor and the company or any of its communication cannot be held responsible for it.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

On Saturday, CBDT (Central Board of Direct Taxes) extended the deadline for filing income tax return (ITR) for FY 2019-20 (AY 2020-21) from 30th November 2020 to 31st December 2020. This is the second time that the due date has been extended this year. Usually, the due date is 31st July which now has been extended till […]<\/p>\n","protected":false},"author":1,"featured_media":11731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[423,403],"tags":[473,474,475,476,477],"yoast_head":"\nITR filing deadline for 2019-20 extended - Fintoo Blog<\/title>\n<meta name=\"description\" content=\"Income Tax Return deadline for filing extended for FY 2019-20 (AY 2020-21) from 30th November 2020 to 31st December 2020.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.fintoo.in\/blog\/income-tax-return-itr-filing-deadline-for-2019-20-extended\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ITR filing deadline for 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Saturday, CBDT (Central Board of Direct Taxes) extended the deadline for filing income tax return (ITR) for FY 2019-20 (AY 2020-21) from 30th November 2020 to 31st December 2020. This is the second time that the due date has been extended this year. Usually, the due date is 31st July which now has been extended till…","_links":{"self":[{"href":"https:\/\/blog.fintoo.in\/blog\/wp-json\/wp\/v2\/posts\/10029"}],"collection":[{"href":"https:\/\/blog.fintoo.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.fintoo.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.fintoo.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.fintoo.in\/blog\/wp-json\/wp\/v2\/comments?post=10029"}],"version-history":[{"count":8,"href":"https:\/\/blog.fintoo.in\/blog\/wp-json\/wp\/v2\/posts\/10029\/revisions"}],"predecessor-version":[{"id":13138,"href":"https:\/\/blog.fintoo.in\/blog\/wp-json\/wp\/v2\/posts\/10029\/revisions\/13138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.fintoo.in\/blog\/wp-json\/wp\/v2\/media\/11731"}],"wp:attachment":[{"href":"https:\/\/blog.fintoo.in\/blog\/wp-json\/wp\/v2\/media?parent=10029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.fintoo.in\/blog\/wp-json\/wp\/v2\/categories?post=10029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.fintoo.in\/blog\/wp-json\/wp\/v2\/tags?post=10029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}