Income Tax Return Filing AY 2020-21 Latest Updates: Govt extends ITR filing deadline

By: |
Updated: December 30, 2020 7:07 PM

Income Tax Return Filing AY 2020-21 Latest Updates: The Income Tax Department said that more than 4.54 crore income tax returns for fiscal 2019-20 (Assessment Year 2020-21) were filed till December 29.

income tax return due dateThe Income Tax Department said in a tweet that 7,65,836 ITRs were filed up to 1600 hour today and 1,35,408 ITRs were filed in the last 1 hour.

Income Tax Return Filing AY 2020-21 Latest Updates: Keeping in view the continued challenges faced by taxpayers in meeting statutory compliances due to the outbreak of COVID-19, the government has further extended the dates for various compliances, the Income Tax Department said on Wednesday. Thus, the deadline for filing income tax return for AY 2020-21 for individuals has been extended to January 10, 2021, from the current deadline of December 31, 2020.

It may be noted that more than 4.54 crore Income Tax Returns for AY 2020-21 had already been filed till 29th of December, 2020, particularly as taxpayers feared that the ITR filing deadline may not be extended again. The Income Tax Department had earlier said in a tweet on Wednesday that 8,96,617 ITRs have been filed upto 1500 hrs today & 1,67,093 ITRs filed in the last 1hr.

During the same period last year, 4.51 crore ITRs were filed. The tax department had earlier asked taxpayers not to wait and file returns early. The Income Tax Department had tweeted that “the Due Date is almost here. Do not miss the due date. File your #ITR NOW by visiting https://incometaxindiaefiling.gov.in”

Here are the latest updates related to ITR Filing:

  • Income Tax department’s advice for e-verification: “It has come to our notice that users are experiencing some difficulty in receipt of Aadhaar based OTP for the purpose of e-verification of ITRs filed. This issue has been taken up with the authorities concerned. However, it is reiterated that, while, filing of ITR is to be done within the stipulated period, the e-verification of ITR filed can/may be done with Aadhaar OTP or other options within 120 days from the date of filing of the ITR,” I-T department said in a series of tweets.
  • Due Date Extension demand: Even as a large number of taxpayers are filing their returns before the end of the due date, several of them are also seeking an extension of the due date. These include professionals and others whose livelihoods were hit by the lockdown imposed due to COVID-19 pandemic. Several of them are running a campaign on social media for an immediate extension of the due date.
  • ITR filing update at 5 pm (December 30, 2020): 8,96,617 #ITRs have been filed upto 1500 hrs today & 1,67,093 #ITRs filed in the last 1hr.
  • ITR filing update at 10 pm (December 29, 2020): 13,65,147 ITRs have been filed up to 2000 hours today; 1,48,516 ITRs filed in the last 1 hour, says Income tax department.
  • ITR filing update at 8 pm (December 29, 2020): 12,16,631 ITRs have been filed up to 1800 hours today; 1,50,366 ITRs filed in the last 1 hour, says Income tax department.
  • ITR filing update at 6 pm (December 29, 2020): 10,64,084 ITRs have been filed up to 1800 hours today; 1,50,366 ITRs filed in the last 1 hour, says Income tax department.
  • ITR filing update at 5 pm (December 29, 2020): 9,13,718 ITRs have been filed up to 1700 hours today; 1,47,882 ITRs filed in the last 1 hour, says Income tax department.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Your Queries – Income Tax: Gains from share trading taxed under business profit, file ITR 3/4
2Govt extends timelines for tax compliance, ITR for FY20 can be filed till May 31
3YOUR QUERIES: INCOME TAX- For NRIs, only income sourced from India will be liable to tax