Extension of Due Dates of Income Tax Return, Tax Audit for F.Y. 2019-20 & GST Annual Return/Audit for F.Y. 2018-19

• Filing of Income Tax Returns for Financial year 2019-2020 (A.Y. 2020-2021) for the taxpayers required to furnish report in respect of international/specified domestic transactions and who are required to get their accounts audited (Tax Audit) extended to 31st January, 2021.

• Audit due date under Income Tax Act ,1961 for Financial year 2019-2020 (A.Y. 2020-2021) for taxpayers extended to 31st December, 2020.

• For all other taxpayers , for Financial year 2019-2020 (A.Y. 2020-2021) filing of Income Tax Returns extended to 31st December, 2020.

• Due date of GSTR9/9C for F.Y. 2018-2019 is now 31st December, 2020.

(Abovementioned i.e. Annual Return (GSTR9) - Required only for GST Taxpayers with annual turnover > 2 crore during Financial Year 2018-19 & GST Audit (GSTR9C) for Taxpayers with annual turnover > 5 crore during Financial Year 2018-19 )

Contact us for any queries & further assistance,

Regards,

CA Abhay Shah

Source : - Ministry of Finance , CBIC Press Release 24.10.2020 & CBDT Press Release 24.10.2020