CBDT extends due date of furnishing of Income of Tax Returns and Audit Reports

The Central Board of Direct Taxes (CBDT) has extended the due date of furnishing of Income Tax Returns and Audit Reports considering the challenges faced by the taxpayers in complying with the statutory and regulatory compliances.

Earlier, due to the outbreak of COVID-19, the Government of India brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (‘the Ordinance’) on 31st March, 2020 which is now  replaced by the “Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act 2020. Further, the Notification No. 35/2020 dated 24 June 2020 extended the due date for all Income Tax Returns for the Financial Year (FY) 2019-20 to 30 November 2020. Accordingly, the returns of income which were required to be filed by 31 July 2020 and 31 October 2020 were required to be filed by 30 November 2020. Consequently, the date for furnishing various audit reports including tax audit report had been extended to 31 October 2020.

In order to provide more time to taxpayers, the due date for furnishing of Income Tax Returns and Audit Reports have been extended as under:

• Income Tax Return for Financial Year 2019-20

S. No.	Particulars	Types of Taxpayer	Original Due Date	Revised Due Date
1	Taxpayers having international and specified domestic transactions required to file Form 3CEB	Corporate	30 November 2020	31 January 2021
		Non-Corporate
2	Taxpayers not having international and specified domestic transactions	Corporate	31 October 2020	31 January 2021
		Non-Corporate (Audit applicable)
		Partner of a firm (on which audit is applicable)
3	Other Assessee (not covered above)	Individual and Non-Audit Assessee	31 July 2020	31 December 2020

• Self-assessment tax up to INR 0.1 Million for Financial Year 2019-20

S. No.	Particulars	Types of Taxpayer	Original Due Date	Revised Due Date
1	Taxpayers having international and specified domestic transactions required to file Form 3CEB	Corporate	30 November 2020	31 January 2021
		Non-Corporate
2	Taxpayers not having international and specified domestic transactions	Corporate	31 October 2020	31 January 2021
		Non-Corporate (Audit applicable)
		Partner of a firm (on which audit is applicable)
3	Other Assessee (not covered above)	Individual and Non-Audit Assessee	31 July 2020	31 December 2020

• Tax Audit Report and Transfer Pricing Certification Report for Financial Year 2019-20

S. No.	Particulars	Types of Taxpayer	Original Due Date	Revised Due Date
1	Tax Audit & Transfer Pricing Certification (taxpayers having international and specified domestic transactions required to file Form 3CEB)	Corporate	31 October 2020	31 December 2020
		Non-Corporate
2	Tax Audit (taxpayers not covered above)	Corporate	30 September 2020	31 December 2020
		Non-Corporate (Audit applicable)

Last updated: 27/10/2020 Article contributed by: Himanshu Suryan Deputy Manager – Direct Tax MBG Corporate Services

Tag: Audit Reports, Income Tax Act, Income Tax Returns