Auto Refresh
Advertisement

News, Business

Government rejects demand for further extension of returns filing date

Published Jan 12, 2021, 12:57 pm IST | Updated Jan 12, 2021, 12:57 pm IST

Finance ministry has rejected demand for further extension of the last date for filing returns where audit is required beyond February 15.

Income Tax
Income Tax

New Delhi: The finance ministry has rejected the demand for further extension of the last date for filing returns where audit is required beyond February 15.

Last month, the government had extended the income tax return (ITR) filing deadline for individuals till January 10, and for companies till February 15.

Advertisement

Income Tax returnIncome Tax return

"CBDT passes order u/s 119 of Income-tax Act, 1961 in F No. 370153/39/2020-TPL dt 11th January, 2021, disposing off the representations for extension of due date for filing of Audit Report u/s 44AB, in compliance with the order of hon'ble Gujarat High Court dt 8th January, 2021," the income tax department said in a tweet on Monday.

This was in response to the Gujarat High Court order dated January 8, 2021 in the case of The All India Gujarat Federation of Tax Consultants versus Union of India directing the finance ministry to look into the issue of extension of due dates for filing of audit reports under Section 44AB of the Income Tax Act.

Advertisement

Income Tax DepartmentIncome Tax Department

As per the provisions of the Act, the due date for filing of the audit report under Section 44AB is one month prior to the due date of filing of income tax return, it said.

On December 30, 2020, the government had announced extension of the last dates for filing of returns by individuals to January 10, 2021 from December 31, 2020.

Advertisement

ROZANA SPOKESMAN

Advertisement
Advertisement

This policeman got angry with social media star Deep Matharu!

28 Sep 2021 11:21 AM
CM Charanjit Singh Channi Statement on Electricity bill Impact on Punjab Poor People 's

CM Charanjit Singh Channi Statement on Electricity bill Impact on Punjab Poor People 's

Balbir Rajewal's Explosive Speech from KMP - India Closed - Farm Law

Balbir Rajewal's Explosive Speech from KMP - India Closed - Farm Law

CM Charanjit Channi First Cabinet Meeting - Taken Big Decision on Farmer Protest & Bill's

CM Charanjit Channi First Cabinet Meeting - Taken Big Decision on Farmer Protest & Bill's

Advertisement