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ITR 2019-20: Govt extends closing date until 10 Jan; participants, companies requiring audit can file profits tax return by 15 Feb

The government on Wednesday prolonged the closing date to file profits tax returns for the third time permitting participants to file profits tax returns for 2019-20 fiscal until 10 January.

The closing date for companies and participants who want to win their accounts audited too has been prolonged by 15 days until 15 February, the finance ministry said in an announcement, based totally on PTI.

The due date for filing profits tax return (ITR) by participants and companies became 31 December, 2020, and 31 January, 2021, respectively. The closing date to file ITR for AY2020-21 has been prolonged until 10 January for participants who don’t want their accounts audited.

Over 4.54 crore ITRs for Monetary Year 2019-20 (Assessment Year 2020-21) had been filed until 28 December. Within the linked duration closing yr, 4.77 crore profits tax returns had been filed. On the shut of the closing date for filing ITRs with out price of leisurely charges for fiscal 2018-19 (Assessment Year 2019-20), over 5.65 crore returns had been filed by taxpayers.

The profits tax department tweeted that the extension in rather a couple of closing date became given in look at of the continuing challenges faced by taxpayers in assembly statutory compliances attributable to the outbreak of COVID-19.

Also, the due date for filing declaration below the say tax dispute resolution draw Vivad Se Vishwas has been prolonged by a month until 31 January. The closing date for filing GST annual return for 2019-20 fiscal has been prolonged by two months until 28 February, 2021

Listed below are the steps to file ITR 2019-2020:

Step 1: Taxpayers want to switch browsing to the legitimate net site

Step 2: Next they want to faucet on New to e-filling if one is registering for the principle time. One can click on the registered user if they’ve already registered.

Step 3: Taxpayers want to make a different the User form after which enter PAN card detail, surname, center name, first name, date of starting up, and residential contrivance.

Step 4: Hang the registration assemble and look at the registration.

Step 5: After efficiently registering, login and file return, providing all linked documents.

For these that possess no longer dangle a digital signature, they can look at their return either electronically using Aadhaar OTP or Digital Verification Code Strategy or by sending it to the Earnings Tax Department.

Apply this hyperlink to search out out about ways to e-look at your 2019-2020 filing.

With inputs from PTI

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