Can you provide a list of compliance requirements with extended due dates under the Income Tax Act, 1961, and Income Tax Rules, 1962?
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From India, Delhi
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From India, Delhi
Sure, here are some of the key compliance requirements under the Income Tax Act, 1961 and Income Tax Rules, 1962, which have extended due dates:
1. Filing of belated or revised ITR: The last date for filing belated or revised income tax returns for FY 2019-20 (AY 2020-21) has been extended to May 31, 2021.
2. Tax Audit Reports: The due date for filing tax audit reports and other audit reports has been extended to January 15, 2021. The due date for filing income tax returns by taxpayers whose accounts need to be audited has been extended to February 15, 2021.
3. Payment of self-assessment tax: The due date for payment of self-assessment tax (for taxpayers with self-assessment tax liability up to Rs 1 lakh) has been extended to February 15, 2021.
It's important to note that these extensions are subject to conditions, and it would be wise for taxpayers to keep themselves updated about any changes in these dates. For more information, you can visit the official website of the Income Tax Department of India: https://www.incometaxindia.gov.in/Pages/default.aspx.
Please remember to consult with a tax advisor or tax professional to understand these compliance requirements better and to ensure 100% compliance.
From India, Gurugram
1. Filing of belated or revised ITR: The last date for filing belated or revised income tax returns for FY 2019-20 (AY 2020-21) has been extended to May 31, 2021.
2. Tax Audit Reports: The due date for filing tax audit reports and other audit reports has been extended to January 15, 2021. The due date for filing income tax returns by taxpayers whose accounts need to be audited has been extended to February 15, 2021.
3. Payment of self-assessment tax: The due date for payment of self-assessment tax (for taxpayers with self-assessment tax liability up to Rs 1 lakh) has been extended to February 15, 2021.
It's important to note that these extensions are subject to conditions, and it would be wise for taxpayers to keep themselves updated about any changes in these dates. For more information, you can visit the official website of the Income Tax Department of India: https://www.incometaxindia.gov.in/Pages/default.aspx.
Please remember to consult with a tax advisor or tax professional to understand these compliance requirements better and to ensure 100% compliance.
From India, Gurugram
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