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No Further Extension Of Due Dates For Filing Income Tax Returns & Tax Audit Reports: CBDT

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No Further Extension Of Due Dates For Filing Income Tax Returns & Tax Audit Reports: CBDT
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The Central Board of Direct Taxes (CBDT) on Monday has passed the detailed order regarding no further extension for filing of audit reports related with Assessment Year 2020-21 (Financial Year 2019-20).

In December 2020, the government had extended the income tax return (ITR) filing deadline for individuals till January 10, and for companies till February 15.

“All representations for further extension of the due date are hereby rejected,” the CBDT said in an order dated January 11.

The order was passed in compliance with the directions of the Gujarat High Court that had directed the finance ministry to look into the issue of extension of the due dates for filing of audit report under Section 44AB of the Income Tax Act, in an order dated January 8.

The CBDT urged that the due dates for filing of return/tax audit have already been extended three times. – from October 31, to November 30, January 31 and now to February 15.

“Any delay in filing returns affects collection of taxes and other welfare functions of the state for the vulnerable and weaker sections of society which is funded through the revenue collected. Sufficient time has already been given to taxpayers to file their tax returns and a large number of taxpayers have already filed their returns of Income.” Said in a order.

Read Order:

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