CBDT further Extends Due Date of filing of ITR for AY 2019-20: On further consideration of genuine difficulties being faced by taxpayers due to the Covid-19 situation, CBDT further extends the due date for furnishing of belated & revised ITRs for Assessment Yr 2019-20 from 30th September 2020 to 30th November 2020. Order u/s 119(2)(a) issued. CBDT stated in a tweet released on 30.09.2020.
Earlier, the due date for filing of Income Tax Return (ITR) for AY 2019-20 was extended till 30.09.2020. The time limit to file the belated or revised return for the AY 2019-20 ended on 31.03.2020 as per the provisions of section 139(4) and 139(5).
However, due to the imposition of nation-wide lockdown due to outbreak COVID-19, the date of 31.03.2020 was extended to 30.06.2020 by Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020. This was further extended by way of a notification being Notification No. 35/2020 dated 24.06.2020 and Notification No. 56/2020 dated 29.07.2020 issued under the provisions of the Ordinance of 2020. Later, this date of 30th September, 2020 was codified in the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 notified on 29.09.2020.
However, it should be noted that the due date for making investments in order to claim the exemption under section 54 to 54GB has not been extended. This date is ending today on 30.09.2020. Initially, this date was extended to 30-06-2020 by the Ordinance of 2020. This was further extended by the Notification No. 35/2020. Later, this date of 30th September, 2020 was ratified in the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
Section 54 to section 54GB deals with exemption from long term capital gains if the investment is made in the specified assets within the prescribed time limit.
Earlier, the date for making investments for claiming deduction u/s 80C, etc. (those referred to Chapter-VI-A) was extended to 30.06.2020 by the Ordinance of 2020.
The extension of the due date for the AY 2019-20 for filing belated and revised ITRs on the towards the end of the last day is really painful. Had this extension being given earlier, it would have provided relief to the taxpayers.
Further, it should be noted that there is no extension of due date for filing of return of income for all the assessees and it is still 30-11-2020. Hence, the due date for filing the belated and revised returns for AY 2019-200 and the Original return for AY 2020-21 is ending of the same day of 30th November 2020. However, the tax audit report is required to be filed on or before 31.10.2020.
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Read the full text of the Order of the CBDT issued under section 119(2)(a) extending the date of filing of returns for AY 2019-20
F. No. 225/150/2020-ITA-II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
*****
North Block, ITA-II Division
New Delhi, the 30th September,2020
Order under Section 119(2)(a) of the Income-tax Act, 1961
The date for furnishing of Income-tax returns under section 139 of the Income-tax Act, 1961 (‘Act’) for the Assessment Year 2019-20 was 31st March, 2020. However, on consideration of difficulties being faced by the taxpayers due to COVID-19 pandemic, the said date was initially extended to 30th June,2020 and subsequently to 31st July,2020 and 30th September,2020 vide the Taxation and other laws (Relaxations of certain provisions), Ordinance dated 31.03.2020, Notification No. 35/2020 dated 24.06.2020 and Notification No. 56/2020 dated 29.07.2020 respectively.
2. In this context, on further consideration of genuine difficulties being faced by the taxpayers due to the outbreak of COVID-19 pandemic, the Central Board of Direct Taxes (CBDT), in exercise of powers conferred under section 119(2)(a) of the Act, hereby, further extends the date for furnishing of belated and revised returns for the Assessment Year 2019-20 under sub-section (4) and (5) of section 139 of the Act respectively, from 30th September,2020 to 30th November,2020.
(Rajarajeswari R.)
Under Secretary to the Government of India
Download Copy of the Order of the CBDT issued under section 119(2)(a) extending the date of filing of returns for AY 2019-20
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