Deadline for filing of Income Tax returns by individuals extended till Jan 10

The government on Wednesday (December 30) extended the date for filing income tax (IT) returns for individual taxpayers to January 10, 2021, from December 31, 2020.

The date for filing of tax return for companies has been extended to February 15, 2021.

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The date to file return has been extended thrice. Earlier, the last date had been pushed from July 31 to November 30 and then again to December 31. The extensions were granted to taxpayers in view of the difficulties faced during the COVID-19 pandemic.

“In view of the continued challenges faced by taxpayers in meeting statutory compliances due to the outbreak of COVID-19, the government further extends the dates for various compliances,” the Income tax Department said in a message on Twitter.

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“This extension was anticipated from the government as industry as a whole was not prepared to meet the timeline of December 31, and this extension gives the much-needed relief to businesses,” said Abhishek Jain, tax partner at EY.