oi-Ajay Joseph Raj P
New Delhi, May 20: The government on Thursday extended the due date of filing income tax returns for 2020-21 for individuals by two months till September 30. The Central Board of Direct Taxes (CBDT) has also extended the ITR filing deadline for companies by a month till November 30.
As per the income tax law, for individuals whose accounts are not required to be audited and who usually file their income tax return using ITR-1 or ITR-4 forms the deadline to file ITR is July 31.
The deadline for taxpayers, like companies or firms, whose accounts are required to be audited is October 31.
In a circular, the CBDT said an extension of time limits is being given for certain tax compliances “to provide relief to taxpayers in view of the severe pandemic”. Also, the deadline for issuing Form 16 by…