Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Twitter
Xiaomi
Adani Group
Life Insurance Corporation of India
Stock Market
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / ITR-filing deadline extended to January 10 for individuals: Details here
Business

ITR-filing deadline extended to January 10 for individuals: Details here

ITR-filing deadline extended to January 10 for individuals: Details here
Written by Ramya Patelkhana
Dec 30, 2020, 08:52 pm 2 min read
ITR-filing deadline extended to January 10 for individuals: Details here
Credits:

The Centre on Wednesday once again extended the deadline for individuals to file Income Tax Returns (ITRs) for FY2019-20, providing huge relief to taxpayers. The last date has now been extended by 10 days from December 31, 2020, to January 10, 2021. This is the third extension by the government in view of the challenges faced by taxpayers due to COVID-19 outbreak. Here's more.

Details
Government further extends the dates for various compliances: I-T Department

To recall, the original deadline for filing the ITRs was on July 31, which was first extended till November 30 and then again till December 31 for the second time. "In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of COVID-19, the Govt further extends the dates for various compliances (sic)," tweeted the Income Tax Department.

Twitter Post
Here's what the Income Tax Department tweeted

In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of COVID-19, the Govt further extends the dates for various compliances. Press release on extension of time limits issued today: pic.twitter.com/lMew09HXMq

— Income Tax India (@IncomeTaxIndia) December 30, 2020
Extension
Deadline for companies extended to February 15

It is important to note that the extension of the deadline to January 10, 2021, applies to individuals whose accounts need not be audited and those who usually file the returns using the ITR-1 or ITR-4 forms. Meanwhile, for those individuals who are required to get their accounts audited as well as companies, the deadline has been extended to February 15.

Deadlines
Deadline for declarations under Vivad Se Vishwas is January 31

Also, the last date to file ITRs for taxpayers required to produce reports in respect of international/specified domestic transactions has been extended to February 15, 2021. The deadline for making declarations under Vivad Se Vishwas Scheme has been extended to January 31. The new deadline for furnishing of annual returns under Section-44 of the Central Goods and Services Tax Act, 2017 is February 28.

Information
New deadline for payment of self-assessment tax

Providing relief to small- and middle-class taxpayers, the Centre has extended the last date for paying self-assessment tax as well. For taxpayers whose self-assessment tax liability is up to Rs. 1 lakh, the new deadline is February 15.

Late filing fees
Centre raised penalty amount for missing ITR deadline

This year, the Centre also increased the amount of penalty levied on taxpayers for missing the ITR filing deadline. A fine of up to Rs. 10,000 will be imposed in such cases as opposed to the Rs. 5,000 penalty imposed last year. Notably, the imposition of the penalty for delayed ITR filing as per Section-234F came into effect from FY2017-18 onwards.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Ramya Patelkhana
Ramya Patelkhana
Mail
Ramya Patelkhana is a senior editor at NewsBytes. She has nearly seven years of experience in digital journalism and has previously worked with India News and Authint Media. She has a Bachelor's degree in Journalism and Mass Communication from the IK Gujral Punjab Technical University, Kapurthala, and an advanced diploma in Media Studies from IPW, New Delhi.
Latest
ITR Deadline
Income Tax Department of India
Coronavirus
Latest
Honda teases its 2024 Prologue electric SUV: Check features
Honda teases its 2024 Prologue electric SUV: Check features Auto
Samsung Galaxy Z Flip 4 spotted on Geekbench; specifications revealed
Samsung Galaxy Z Flip 4 spotted on Geekbench; specifications revealed Technology
French Open: A look at the interesting facts
French Open: A look at the interesting facts Sports
5 homemade deodorants that really work
5 homemade deodorants that really work Lifestyle
Ola S1, S1 Pro's bookings to start from May 21
Ola S1, S1 Pro's bookings to start from May 21 Auto
ITR Deadline
Received notice from Income-tax department? These could be the reasons
Received notice from Income-tax department? These could be the reasons Business
Need to update/correct details in PAN card? Here's the procedure
Need to update/correct details in PAN card? Here's the procedure Business
Lost/misplaced PAN card? Here's how you can get a duplicate
Lost/misplaced PAN card? Here's how you can get a duplicate Business
How to quote your Aadhaar number in Income Tax return
How to quote your Aadhaar number in Income Tax return India
Protect your Aadhaar data: Here's how to lock/unlock Aadhaar number
Protect your Aadhaar data: Here's how to lock/unlock Aadhaar number India
More News
Income Tax Department of India
ED seizes Rs. 5,551cr from Xiaomi's bank accounts: Details here
ED seizes Rs. 5,551cr from Xiaomi's bank accounts: Details here India
Income Tax raid on Maharashtra minister Aaditya Thackeray's close aides
Income Tax raid on Maharashtra minister Aaditya Thackeray's close aides Politics
Income Tax Returns deadline extended to March 15
Income Tax Returns deadline extended to March 15 Business
IT Department raids SP MLC Pushpraj Jain over tax evasion
IT Department raids SP MLC Pushpraj Jain over tax evasion Politics
Pandora Papers probe begins; I-T notices sent to Indians, NRIs
Pandora Papers probe begins; I-T notices sent to Indians, NRIs India
More News
Coronavirus
COVID-19: India logs 3,303 new cases; 39 more deaths
COVID-19: India logs 3,303 new cases; 39 more deaths India
COVID-19 XE variant reported by Gujarat; detected in 67-year-old man
COVID-19 XE variant reported by Gujarat; detected in 67-year-old man India
COVID-19 vaccine precautionary dose available for 18+ from April 10
COVID-19 vaccine precautionary dose available for 18+ from April 10 India
COVID-19 survivors at risk of developing serious blood clots: Study
COVID-19 survivors at risk of developing serious blood clots: Study Technology
COVID-19: India reports 1,660 new cases, 4,100 more deaths
COVID-19: India reports 1,660 new cases, 4,100 more deaths India
More News
Next News Article
Next News Article

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022