Final Due date for ITR for F.Y. 2019-20 and A.Y. 2020-21 - Last Date For Audited firm partner income tax return
The government via a press release dated October 24, 2020 has announced it has extended the deadline to file ITR, for most individual taxpayers, for financial year 2019-20 to December 31, 2020 from the earlier extended deadline of November 30, 2020. Remember, the government has extended the deadline of filing ITR from the original filing deadline of July 31 to November 30, 2020 due to novel coronavirus pandemic.
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| Final Due date for ITR for F.Y. 2019-20 and A.Y. 2020-21 |
Extend due dates for filing Tax/TP Audit Report & ITR for AY 2020-21
Returns /Audit Reports Present Due Dates Requested Due Dates
Tax Audit/TP Audit 31st December 2020 28th February 2021
Tax Practitioner’s Association, Indore has made a Request for Extension of Due Dates for filing Tax Audit, Audit Reports under Income Tax Act and ITR for Assessment Year 2020-21. it has requested that due date for Tax Audit/TP Audit and Income Tax Return (Non Audit) be extended to 28th February 2021 and due date for Income Tax Return (Audit Case) be extended to 31st March 2021.
Relevant Text of their representation to Smt. Nirmala Sitharaman, The Hon’ble Union Finance Minister, Government of India, North Block, New Delhi is as follows-
12th Dec , 2020
To,
Smt. Nirmala Sitharaman,
Ministry of Finance,
North Block, New Delhi 110 001.
Hon’ble Madam,
Sub: Request for Extension of Due Dates for filing Tax Audit, Audit Reports under Income Tax Act and ITR for Assessment Year 2020-21.
Tax Practitioners Association (TPA), Indore having Advocates, CAs, CS and Tax Practitioners as its members with over 550 members. The TPA regularly takes up initiatives to act as a bridge between stakeholders and concerned regulatory bodies in order to convey and help in resolving genuine grievances or effectively implement the laws.
Today, we have come forward with a request of extending the due dates of Tax Audit, Transfer Pricing Audit, various other Audit Reports under Income Tax Act and Income Tax Return filing for AY 2020-21.
Apart from others, this request is based on following major reasons being:
The Covid-19 Pandemic, Night Curfew and its effect on professional work:
1. At the outset, we appreciate the earlier extension provided for tax audit and income tax return filing up to December 31, 2020 due to continuing pandemic of Covid -19. The spread and severity of the Corona virus has not been reduced and instead it is rising each day, Night curfew continue, Restriction on Keeping offices open etc. impacting adversely in conducting audit and preparing tax returns. Commuting via public buses/trains and/or other public transport is restricted and not fully operational.
Due to this, several industries and private offices have still not resumed functioning at all. This also includes the offices of the Tax Advocates, CA’s , Tax Practitioners etc. resulting the details required for carrying on tax audit and filing the return of income are not being received promptly and thus the audits cannot be efficiently performed. Further also travelling to the place of audit is very difficult for the professionals and their staff.
Several our members have also been infected and have not been able to work for minimum of 14 days which extends to a month due to post Covid-19 health recovery. Also, visiting any audit place exposes them to the virus making them prone infection. Further, the senior citizens including senior aged professionals and senior aged assessee are advised to stay at home. These hindrance are making it very difficult for the assessee, the Tax Advocates, CAs and the Tax Practitioners to comply with the presently extended due dates. We would like to appreciate that for the very same reasons that we have cited above, i.e. genuine difficulties being faced by the taxpayers due to outbreak of COVID-19 pandemic, Night Curfew the CBDT has earlier extended the date for filing Tax audit and income tax return filing up to 31st December, 2020 and 31st Jan., 2021 respectively, but the underlying reason of COVID-19 still continuing more vigorously.
2. Delay in release of return filing software utilities: The utilities for the income tax return were made available only June’20 onwards instead of April’20 and latest on updated during first week Dec., 2020. Usually, the income tax returns are notified in the month of April, but due to the pandemic, the release of the returns also have been delayed on an average by 4 to 5 months. We are submitting the summery return wise as under:
Extend due dates for filing Tax/TP Audit Report & ITR for AY 2020-21
Returns /Audit Reports Present Due Dates Requested Due Dates
Tax Audit/TP Audit 31st December 2020 28th February 2021
The entire fraternity of taxpayer and professionals will highly appreciate if this is done soon enough (i.e. well in advance) to allow them to get a clarity to. We look forward for your kind consideration to the genuine request.
Yours Sincerely,
For Tax Practitioner’s Association, Indore
Sd/-
(CA Manoj Gupta)
President
Sd/-
(CA J P Saraf)
Hon. Secretary
CC: Chairman CBDT, New Delhi.
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