{"id":15678,"date":"2020-11-06T14:47:10","date_gmt":"2020-11-06T09:17:10","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=15678"},"modified":"2020-11-06T14:47:13","modified_gmt":"2020-11-06T09:17:13","slug":"extension-of-due-dates-for-tax-audit-report-and-itr-in-ay-2020-21","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/extension-of-due-dates-for-tax-audit-report-and-itr-in-ay-2020-21\/","title":{"rendered":"Extension of Due Dates for Tax Audit Report and ITR in AY 2020-21"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The Central Bureau of Direct\nTaxes (CBDT) by way of a Press Release issued on 24.10.2020 had extended the\ndue dates for submitting the Tax Audit Report and Income Tax Return for the\nA.Y. 2020 \u2013 2021. <\/p>\n\n\n\n<p>In this blog, we will discuss in detail about the extended due dates of Tax Audit Report and ITR.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a7787985bb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a7787985bb\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/extension-of-due-dates-for-tax-audit-report-and-itr-in-ay-2020-21\/#Extension_of_Due_Dates_for_Tax_Audit_Report_in_AY_2020-21\" title=\"Extension of Due Dates for Tax Audit Report in AY 2020-21\">Extension of Due Dates for Tax Audit Report in AY 2020-21<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/extension-of-due-dates-for-tax-audit-report-and-itr-in-ay-2020-21\/#Extension_of_Due_Dates_for_Filing_Income_Tax_Return\" title=\"Extension of Due Dates for Filing Income Tax Return\">Extension of Due Dates for Filing Income Tax Return<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/extension-of-due-dates-for-tax-audit-report-and-itr-in-ay-2020-21\/#Extension_of_Due_Dates_for_Non-_Audit_Cases_in_AY_2020-21\" title=\"Extension of Due Dates for Non- Audit Cases in AY 2020-21\">Extension of Due Dates for Non- Audit Cases in AY 2020-21<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/extension-of-due-dates-for-tax-audit-report-and-itr-in-ay-2020-21\/#Extension_of_Due_Dates_for_Self_Assessment\" title=\"Extension of Due Dates for Self Assessment\">Extension of Due Dates for Self Assessment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/extension-of-due-dates-for-tax-audit-report-and-itr-in-ay-2020-21\/#Summarised_Representation_for_the_Due_Dates_Extended_For_AY_2020_%E2%80%93_2021\" title=\"Summarised Representation for the Due Dates Extended For AY 2020 &#8211; 2021\">Summarised Representation for the Due Dates Extended For AY 2020 &#8211; 2021<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/extension-of-due-dates-for-tax-audit-report-and-itr-in-ay-2020-21\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/extension-of-due-dates-for-tax-audit-report-and-itr-in-ay-2020-21\/#Official_Press_Release\" title=\"Official Press Release\">Official Press Release<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Extension_of_Due_Dates_for_Tax_Audit_Report_in_AY_2020-21\"><\/span>Extension of Due Dates for Tax Audit Report in AY 2020-21<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The due dates for submitting the Tax Audit Report has been extended further by 2 months, i.e., <strong>from 31.10.2020 to 31.12.2020<\/strong>. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Extension_of_Due_Dates_for_Filing_Income_Tax_Return\"><\/span>Extension of Due Dates for Filing Income Tax Return<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The extended Due Dates for Filing Income\nTax Return are as follows:<\/p>\n\n\n\n<ol><li>The due date for furnishing ITR for the taxpayers who need to get their accounts audited has been extended further for 3 months, i.e., <strong>from 31.10.2020 to 31.01.2021<\/strong>.<\/li><li>The due date for filing ITRs for all assesses who are having Tax Audit requirement regarding Domestic and International Transactions has been extended further by 2 months, i.e., from <strong>30.11.2020 to 31.01.2021<\/strong>. <\/li><li>The due date for filing ITR by other taxpayers has now been extended 31.12.2020, for which the earlier date was <strong>31.07.2020<\/strong>. <\/li><\/ol>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/tax-audit-under-section-44ab-of-the-income-tax-act-1961\/\">Tax Audit under Section 44AB of the Income Tax Act, 1961<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Extension_of_Due_Dates_for_Non-_Audit_Cases_in_AY_2020-21\"><\/span>Extension of Due Dates for Non- Audit Cases in AY 2020-21<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Also, for the Non-audit cases, the due date has been extended by 1 month, i.e., <strong>from 30.11.2020 to 31.12.2020<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Extension_of_Due_Dates_for_Self_Assessment\"><\/span>Extension of Due Dates for Self Assessment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Further, to provide relief\nto all the small and middle class taxpayers, the CBIC has extended the due date\nfor making payment of self-assessment tax for the taxpayers whose liability is\nup to Rs1 lakh.<\/p>\n\n\n\n<p>Accordingly, the due date for making payment of self-assessment tax for the taxpayers who are not required to get their books of accounts audited was extended <strong>from 31.07.2020 to 30.11.2020<\/strong>. However, the same has been further <strong>extended to 31.01.2021<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Summarised_Representation_for_the_Due_Dates_Extended_For_AY_2020_%E2%80%93_2021\"><\/span>Summarised Representation for the Due Dates Extended For AY 2020 &#8211; 2021<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<table>\n<tbody>\n<tr>\n<td>\n<p><strong>Taxpayers<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Due Date prescribed under section 139(1)<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Extended Due Date<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Remarks<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">\n<p><strong>For the Taxpayers who are subject to Tax Audit<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Tax Audit Report<\/p>\n<\/td>\n<td>\n<p>30.09.2020<\/p>\n<\/td>\n<td>\n<p>31.12.2020<\/p>\n<\/td>\n<td>\n<p>Earlier the same was extended till 31.10.2020<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>ITR (Income Tax Returns) Forms<\/p>\n<\/td>\n<td>\n<p>31.10.2020<\/p>\n<\/td>\n<td>\n<p>31.01.2021<\/p>\n<\/td>\n<td>\n<p>Earlier the same was extended till 30.11.2020<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>For the Taxpayers who not subject to Tax Audit (Individuals, HUF [Hindu Undivided Family], etc.)<\/p>\n<\/td>\n<td>\n<p>31.07.2020<\/p>\n<\/td>\n<td>\n<p>31.12.2020<\/p>\n<\/td>\n<td>\n<p>Earlier the same was extended till 30.11.2020<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">\n<p><strong>For the Taxpayers who are having International or Specified Domestic Transactions<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Tax Audit Report<\/p>\n<\/td>\n<td>\n<p>31.10.2020<\/p>\n<\/td>\n<td>\n<p>31.12.2020<\/p>\n<\/td>\n<td>\n<p>Earlier there was no extension provided<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>ITR Forms<\/p>\n<\/td>\n<td>\n<p>30.11.2020<\/p>\n<\/td>\n<td>\n<p>31.01.2021<\/p>\n<\/td>\n<td>\n<p>Earlier there was no extension provided<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">\n<p><strong>For the Taxpayers who are subject to Self-Assessment Tax<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Self Assessment Tax<\/p>\n<\/td>\n<td>\n<p>31.07.2020<\/p>\n<\/td>\n<td>\n<p>31.01.2021<\/p>\n<\/td>\n<td>\n<p>Earlier the same was extended till 30.11.2020<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">\n<p><strong>For the Non-Audit Cases<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Non- Audit Cases<\/p>\n<\/td>\n<td>\n<p>30.11.2020<\/p>\n<\/td>\n<td>\n<p>31.12.2020<\/p>\n<\/td>\n<td>\n<p>Earlier there was no extension provided<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In a nutshell, the due dates for filing <strong><a href=\"https:\/\/swaritadvisors.com\/income-tax-return-filing\" class=\"text-primary\">Income Tax Returns filing<\/a><\/strong> for the A.Y. 2020-21 have been extended to provide relief to the taxpayers in the on-going pandemic situation. <\/p>\n\n\n\n<p>However, it shall be taken into consideration that the <strong>Government<\/strong><sup><a class=\"text-primary\" href=\"https:\/\/en.wikipedia.org\/wiki\/Government\"><strong><em>[1]<\/em><\/strong><\/a><\/sup> has not provided any \u201cImmunity\u201d from the levy of interest under section 234A for the filing of ITR by <strong>31.12.2020 or 31.01.2021<\/strong> from the due date mentioned under section 139 (1) of the Act if the self-assessment tax liability exceeds Rs 1 lakh. <\/p>\n\n\n\n<p>Further, suppose the self assessment liability is more than Rs 1 lakh. In that case the taxpayer needs to pay interest on the whole amount of the self- assessment tax, starting from the expiry of the actual due dates mentioned under section 139 (1), i.e., <strong>31.07.2020 or 31.10.2020<\/strong> as the case may be.<\/p>\n\n\n\n<p>Also, the interest under\nsection 234A will not be levied if the tax liability from self-assessment does\nnot exceed the threshold of Rs 1 lakh and the ITR is furnished within the\nextended due date.<\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/cbic-waives-off-late-fees-for-gstr-4-gstr-10-returns\/\">CBIC Waives off Late Fees For GSTR-4 and GSTR-10<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Official_Press_Release\"><\/span>Official Press Release<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/PressRelease_Extension_of_due_date_of_furnishing_of_IITR_and_Audit_Reports_24_10_20.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">PressRelease_Extension_of_due_date_of_furnishing_of_IITR_and_Audit_Reports_24_10_20<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bureau of Direct Taxes (CBDT) by way of a Press Release issued on 24.10.2020 had extended the due dates for submitting the Tax Audit Report and Income Tax Return for the A.Y. 2020 \u2013 2021. In this blog, we will discuss in detail about the extended due dates of Tax Audit Report and [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":15681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[416,1],"tags":[866,868,867],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/15678"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=15678"}],"version-history":[{"count":7,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/15678\/revisions"}],"predecessor-version":[{"id":15689,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/15678\/revisions\/15689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/15681"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=15678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=15678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=15678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}