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Thursday, May 13, 2021

Compliance timelines extended: FY20 ITR can be filed till May 31

Taking in consideration the adverse circumstances arising due to the COVID-19 pandemic and also the requests received from taxpayers, tax consultants and other stakeholders from all over the country , the government decided to extend the timeline.

By: ENS Economic Bureau | New Delhi |
Updated: May 2, 2021 4:13:10 am
income tax, income tax deadline, income tax last date, Income Tax and Covid , ITR dealine extended , Income Tax Return filing , Income Tax Return Deadline , Covid impact on economy , Covid 19 updates , Indian express newsAlso, the due date for filing objections to Dispute Resolution Panel (DRP) and filing appeals to the commissioner has been extended till May 31.

The government Saturday extended timelines for various income tax compliances, including the filing of belated or revised return for 2019-20 fiscal, till May 31.

The Central Board of Direct Taxes (CBDT) said it had received representations from various stakeholders for relaxation on compliance requirements.

“In view of the adverse circumstances arising due to the severe COVID-19 pandemic and also in view of the several requests received from taxpayers, tax consultants & other stakeholders from across the country, requesting that various compliance dates may be relaxed, the Government has extended certain timelines today,” an official statement said.

Filing of belated return under sub-section (4) and revised return under sub-section (5) of Section 139 of the Act, for Assessment Year 2020-21, which was required to be filed on or before March 31, 2021, maybe filed on or before May 31, 2021, the CBDT said.

Also, the due date for filing objections to Dispute Resolution Panel (DRP) and filing appeals to the commissioner has been extended till May 31.

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