income tax return

Kolkata: December 31 is the last date for filing Income Tax Return (ITR) for the financial year 2019-20. In the wake of the corona epidemic, the government has already increased it several times. It is a different matter that the demand to increase it is starting to arise.

In the wake of the epidemic, the Direct Tax Professionals has sought to extend the deadline for filing tax audit reports, income tax returns in audit cases. Apart from this, we have requested to extend the deadline for the annual general meeting.

The ‘Direct Taxes Professionals Association’ (DTPA) has extended the date of submission of tax audit report under Section 44AB of Income Tax from Finance Minister Nirmala Sitharaman to February 28 and the deadline for filing income tax returns for the assessment year 2020-21 in audit cases March 31, 2020.

DTPA President N.K. In a written request submitted to the government, Goyal said that due to the corona epidemic, the functioning has not become normal so far. His staff, including many professionals, were also infected with the Corona virus. In such a situation, the last date for filling the tax audit report and ITR needs to be extended.

The chairman of the organization (PR and Representation Committee) Narayan Jain said that out of a total of 5.25 crore taxpayers, 3.75 crore have already filed income tax returns. This includes individual taxpayers. The rest are mostly companies where tax audit is required. There is a demand to increase its level. The deadline for filing personal income tax returns is December 31. The Association of Professionals has also demanded to extend the deadline for announcing the dispute under the trust scheme from 31 December 2020 to 28 February 2021.

income tax return

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