The government today extended the due date of filing income tax returns for 2020-21 for individuals by two months till 30 September. The Central Board of Direct Taxes (CBDT) has also extended the ITR filing deadline for companies by a month till November 30. CBDT said an extension of time limits is being given for certain tax compliance’s “to provide relief to taxpayers in view of the severe pandemic”.
As per the income tax law, for individuals whose accounts are not required to be audited and who usually file their income tax return using ITR-1 or ITR-4 forms the deadline to file ITR is July 31. The deadline for taxpayers, like companies or firms, whose accounts are required to be audited is October 31.