GoI extends Deadline to file Income Tax Returns to January 10, 2021

The Central government has further extended the deadline to file an income tax return (ITR) for FY 2019-20 by 10 days, up to January 10, 2021. Earlier this deadline was December 31, 2020.

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This extension of the deadline is for those individuals whose accounts are not required to be audited and who usually file their income tax return using ITR-1 or ITR-4 forms, as applicable. This is the third extension of the deadline to file a tax return. The first extension was given from the normal deadline of July 31 to November 30, 2020, and then to December 31, 2020.

Important takeaways for all competitive exams:

• Union Minister of Finance and Corporate Affairs: Nirmala Sitharaman.
• Union Minister of State in the Ministry of Finance and Corporate Affairs: Anurag Singh Thakur.

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