Sunday (Jaunaury 10, 2021) is the last date of filing Income Tax Returns for the financial year 2019-20 and the Income Tax department has been reminding taxpayers to file their return on time. In a tweet on Sunday, the I-T department said, "The Due Date for filing ITR for AY 2020-21 is almost here. Please do not leave it to the last minute," it had said. "Not Filed your ITR for AY2020-21 yet? Please do not miss the extended due date of 10th, January, 2021." "Some more statistics of Income Tax Returns filed today. 19,25,927 ITRs have been filed up to 2100 hrs today and 1,65,781 ITRs filed in the last 1hr," the Income Tax Department had said on Saturday.
Not Filed your #ITR for AY2020-21 yet? Please do not miss the extended due date of 10th, January, 2021. File your #ITR NOW by visiting https://t.co/EGL31K6szN#AajHiFileKaro #FileITRNow pic.twitter.com/sGzyV69y9O
— Income Tax India (@IncomeTaxIndia) January 10, 2021
However, the Chartered Accountant community is demanding a further extension owing to the massive pressure this time around. Social media is abounding in tweets with hashtags demanding a further extension. It is to be noted that the usual date for filing of Income Tax Returns is July 31. However, because of the COVID-19 pandemic, this deadline was extended thrice to November 30, 2020, followed by December 31, 2020 and January 10, 2021.
The January 10 deadline is for taxpayers whose accounts are not required to be audited and who file their returns using ITR-1 and ITR-4 forms. The due date for taxpayers requiring audit is February 15.
ITR-1 is opted by individuals whose income does not exceed Rs 50 lakh while ITR-4 is for individuals, who have an income of up to Rs 50 lakh and presumptive income from business and other professions.