The Income Tax Department on Saturday further extended the due date for furnishing of Income Tax Returns for various categories of taxpayers.
Due date for furnishing of Income Tax Returns for taxpayers (including their partners) who are required to get their accounts audited [for whom the due date (i.e. before the extension by new notification) as per Income Tax Act is 31 Oct 2020] is extended to 31 Jan 2021, the Central Board of Direct Taxes (CBDT) said.
"The due date for furnishing of Income Tax Returns for the other taxpayers [for whom the due date (i.e. before the extension by the said notification) as per the Act was 31 July, 2020] has been extended to 31 December 2020: Central Board of Direct Taxes," it added.
Date for furnishing audit reports incl tax audit report & report in respect of international/specified domestic transaction extended to 31 Dec 2020. Date for payment of self-assessment tax for those with self-assessment tax liability of upto Rs.1 lakh extended to 31 Jan 2021, it further said.
Earlier, the Income Tax Department issued a lengthy instruction manual running into hundreds of pages for filling up the tax returns for assessment year 2020-21.
The Income Tax Department has issued a detailed step by step reckoner for filing tax returns to be submitted under different heads.
