Stay Safe. Stay Healthy.
31 December 2020
Extension in Due Dates for various filings under Income Tax and Goods and Services Tax (GST) for AY 2020-21 (FY 2019-20)

Considering the challenges faced due to the ongoing pandemic, as well as many parts of the country facing partial lockdown, the Finance Minister of India has provided relief to the business and professional fraternity by once again extending the various due dates for compliances.
 
The revised due dates for filing a Return of Income, including the various certificates/forms, filing of Tax Audit Reports, and Transfer Pricing Reports vide Press Release dated 30 December 2020, are mentioned below:

 
Particulars Due Date as per Press Release dated
29 October 2020
Extended Due Date as per Press Release dated
30 December 2020
Filing of Tax Audit Report 31 December 2020 15 January 2021
Filing of Transfer Pricing Report in Form 3CEB 31 December 2020 15 January 2021
Filing of Return of Income where Tax Audit is applicable, and in the case of companies  31 January 2021 15 February 2021
Filing of Return of Income where Transfer Pricing is applicable 31 January 2021 15 February 2021
Filing of Return of Income where Tax Audit or Transfer Pricing is not applicable 31 December 2020 10 January 2021
Payment of Self-Assessment Tax where liability is up to INR 100,000
(~USD 1,333) and Tax Audit or Transfer Pricing is applicable
31 January 2021 15 February 2021
Payment of Self-Assessment Tax in all other cases 31 December 2020 10 January 2021
Filing of Master File in Form 3CEAA & Safe Harbor in Form 3CEFA 31 January 2021 15 February 2021
Designation for Master File in Form 3CEAB - 16 January 2021
Filing of certificates in Form 10CCB, 10DA, 29B, 56F, etc. 31 December 2020 15 January 2021
GST Annual Return - 28 February 2021
Our Comments

The extension in deadlines will provide a much-needed breather to taxpayers amidst these challenging times. This relief is a positive step by the government that keeps the needs of the public in mind.

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