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Extension of Due Date for Furnishing Income Tax Returns for AY 2020-21

The Central Board of Direct Taxation has further extended the due date for furnishing the income tax returns for the AY 2020-2021 because of the constraints being faced by the taxpayers owing to the second wave of COVID-19. The Government’s press release issued on April 30^th, 2021, states that the income tax return (ITR) filing deadline for FY 2020-2021 has been extended to 31st May 2021, from the earlier deadline of 31st March 2021. The article briefs the extensions so provided.

Synopsis of Notification

The Synopsis of Extension of the due date of furnishing of Income Tax Returns is as follows:

• Appeal before CIT (Appeals) may be filed by 31st May 2021.
• Income Tax Return required to be filed in response to notice under Section 148 may be filed by 31st May 2021
• Filing of belated and revised return for AY 2020-2021 extended to May 31, 2021.
• Challan-cum-statement for tax deducted under section 194-IA, Section 194-IB, and section 194M may be furnished till 31-05-2021 where the due date was 30-04-2021.
• Similarly, Statement in Form No. 61 may be furnished till 31-05-2021 where the due date was 30-04-2021.

Due Date for filing Income-tax return

Income-tax return in response to notice under Section 148 of the Income-tax Act, 1961, for which the last date of filing of return of income under the said notice was 1st  April 2021 or thereafter, may be filed within the time allowed under that notice or by 31″ May 2021, whichever is late

Due Date for Furnishing Appeal to Commissioner

The last date of filing Appeal to Commissioner (Appeals) under Chapter XX of the Income Tax Act was 1st April 2021. With this notification, CBDT announced that the appeal can be filed within the time provided under that Section or by 31st May 2021, whichever is later

Due Date for Submitting Objections to Dispute Resolution Panel

The last date of filing Objections to Dispute Resolution Panel (DRP) under Section 144C of the Income-tax Act, 1961 was 1^st  April 2021. As per the notification, the objection may be filed within the time provided under Section144C  or by 31″ May 2021, whichever is later.

Due Date for filing Filing of belated return

The due date for Filing of belated return under sub-section (4) of Section 139 of the Income-tax Act,1961 for Assessment Year 2020-21 was before 31 ” March 2021. According to the CBDT notification, a belated return can be filed on or before 31^st  May 2021.

Due Date for filing revised return

The due date for Filing of belated return under sub-section (5) of Section 139 of the Income-tax Act,1961 for Assessment Year 2020-21 was before 31 ” March 2021. According to the CBDT notification, a revised return can be filed on or before 31^st  May 2021.

Due Date for Payment of TDS

Payment of tax deducted under Section 194-IA (TDS on purchase of immovable property), Section 194-IB (TDS on payment of Rent by individuals), and Section 194M (TDS on payment of a commission, contractors, and professional by individuals) of the Income-tax Act, 1961 and filing of challan-cum-statement for such tax deducted, which are required to be paid and furnished by 30^th  April 2021 under Rule 30 of the Income-tax Rules, 1962, maybe paid and furnished on or before 31st May 2021.

Due Date for Furnishing Statement in Form No. 61

Statement in Form No. 61, containing particulars of declarations received in Form No.60, which is due to be furnished on or before 30th April 2021, maybe furnished on or before 31″ May 2021

The official notification pertaining to the Extension of Due Date for Furnishing Income Tax Returns for AY 2020-21 is as follows:

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