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.
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.