In lieu of the COVID-19 pandemic, several organizations have come together to collectively request the Finance Minister Smt. Nirmala Sitharaman for an extension in the due date for filing of Tax Audit Report, Transfer Price Audit Report, and Income Tax Return for AY 2020-21. Such an extension is requested under Section 44AB and Section 92E of the Income Tax Act, 1961 for Tax Audit Report and Income Tax Return filing.
There has been a lot of conjecture on whether the due dates will be extended or not
Associations that have requested an extension in the due date for Tax Audit, Transfer Price Audit, and Income Tax Return Filing for AY 2020-21
S. No. | REQUEST MADE BY | REQUEST DATED |
---|---|---|
1. | Chamber of Tax Consultants | 7th Oct 2020 |
2. | Tax Bar Association, Alwar | 8th Oct 2020 |
3. | Tax Bar Association, Jodhpur | 10th Oct 2020 |
4. | संभागीयचैम्बरऑफ़कॉमर्सएंडइंडस्ट्रीजभरतपुर | 11th Oct 2020 |
5. | All Gujarat Federation of Tax Consultants | 12th Oct 2020 |
6. | Tax Practitioners Association, Indore | 13th Oct 2020 |
7. | All India Federation of Tax Practitioners (CZ) | 13th Oct 2020 |
8. | Tax Bar Association, Bhilwara | 14th Oct 2020 |
9. | Gujarat Chamber of commerce & Industry | 14th Oct 2020 |
10. | Karnataka State Chartered Accountants Association | 15th Oct 2020 |
11. | Tax Consultant's Association, Jaipur | |
12. | Udaipur Tax Bar Association | 10th Oct 2020 |
13. | Nagpur Chamber of Commerce Limited | |
14. | Lucknow Chartered Accountants Society, Bombay Chartered Accountants' Society, Chartered Accountants Association (Ahmedabad), Chartered Accountants Association (Surat), and Karnataka State Chartered Accountants Association | 21st Oct 2020 |
15. | All Odisha Tax Advocates Association (AOTAA) | 22nd Oct 2020 |
16. | Direct Taxes Professionals' Association, Kolkata | 22nd Oct 2020 |
Particulars | Current Due date | Requested Due Date |
---|---|---|
Income Tax Returns (ITRs) for all taxpayers (including where audit under the Income-tax Act or any other Act is applicable) for FY 2019-20 | 30th November 2020 | 31st March 2021 |
Tax Audit Report submission for FY 2019-20 | 31st October 2020 | 28th February 2021 |
Transfer Pricing Report submission for FY 2019-20 | 31st October 2020 | 28th February 2021 |
GST Annual Return (GSTR-9) and GST Audit (GSTR-9C) submission FY 2018-19 | 31st October 2020 | 31st December 2020 |
GST Annual Return (GSTR-9) and GST Audit (GSTR-9C) submission FY 2019-20 | 31st December 2020 | 30th June 2021 |