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Article by Vijay Pal Dalmia, Advocate, Supreme
Court of India and Delhi High Court, Partner & Head of
Intellectual Property Laws Division, Vaish Associates Advocates,
India
Cryptocurrencies have been subjected to the spotlight of the
decade and have been grabbing the attention of the tax authorities
essentially due to the high prices at which they were seen trading
on exchanges in India and across the globe and the regulatory
mechanism of taxation has to be determined looking at the current
legal landscape.
The Constitution of India under Article 246 grants the power to
Deadline for filing Income Tax Return extended further newsonair.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsonair.com Daily Mail and Mail on Sunday newspapers.
Deadline For Filing ITR 2020 Income Tax Returns Extended Till January 10 Dec 31, 2020, 15:17 IST
NEW DELHI: The Central Government has further extended the deadline to file the income tax return (ITR) for individual taxpayers till 10th January 2021 in view of the Covid-19 pandemic. The deadline for filing ITR for the financial year 2019-20 by companies has also been extended till 15th February 2021, it stated in a release.
The Income Tax department said, the decision has been taken in view of the continued challenges faced by taxpayers in meeting statutory compliances due to Covid-19 outbreak.
The due date for filing income tax return by individuals and companies was December 31st, 2020, and January 31st, 2021 earlier. This is the third time that the Income Tax department has extended the return filing deadline.
Coronavirus impact: Govt extends deadline for income tax filing, GST compliance; check out details
The government has decided to provide further time to the taxpayers for furnishing of Income Tax Returns, tax audit reports and declaration under Vivad Se Vishwas Scheme
Govt extends time limits for income tax returns
The government has extended various tax compliance deadlines, including Income Tax Returns, tax audit reports and declaration under Vivad Se Vishwas Scheme, in view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19 pandemic.
The last date for filing income tax return (ITR) for FY 2019-20 has been extended to January 10, 2021, from the earlier deadline of December 31, 2020. In addition, the deadline for furnishing the annual returns under Central Goods and Services Tax Act, 2017 for the financial year 2019-20 has been extended by two months to February 28, 2021.
GST Annual Return Last Date: Deadline For Filing Annual GST Return Extended ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.