Pay penalty if not already filed I-T returns, no more extensions now


New Delhi, Jan 12 (IANS): The Central Board of Direct Taxes dashed hopes of all taxpayers waiting for further extension of due dates for filing tax returns rejecting all representation in this regard, citing that the process cannot be delayed 'indefinitely' and hamper the functioning of the tax department and welfare programmes of the government.

The decision means that individual taxpayers who have missed the January 10 deadline for filing returns may now have to pay a penalty to complete the process. Similarly, taxpayers who need to file an audit report before filing returns will have to do so by January 15 and file their returns by February 15.

The income tax department had received several representations to further extend dates for filing returns as disruptions caused pandemic had continued to create problems for various taxpayers. The suggestion was to extend the dates for all categories of taxpayers to March 31.

In its office order directing all tax formation across the country to see the due dates for tax payment is followed as no further extensions were due, the CBDT cited that the contentions of lesser number of audit reports filed this year and thereby extension was required, as completely baseless. It said that even in previous years audit reports were filed in the last few days before the deadline and similar trends were seen even in 2020-21.

The board also cited that India has been more generous compared to other global economies, particularly, Covid hit the US and UK, in providing relief to its taxpayers on compliance issues.

Moreover, the statistics of returns filed this year clearly shows that the numbers are higher than last year already. In 2019-20, about 5.62 crore income tax returns were filed till the due date and this year (2020-21) already 5.95 ITRs have been filed (up to January 10).

Any further extension would adversely affect the return filing discipline and shall cause injustice to those who have taken pains to file the return before the due date, CBDT said in its order.

It will also hamper the government's efforts to provide relief to the poor during Covid times, the official order said.

 

  

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Comment on this article

  • Manoj, Kavoor

    Tue, Jan 12 2021

    I filed my returns in July as soon as d new ITR forms were released. Got my Refund in december 3rd week. It was inclusive of 20000 crore package during pandemic but delivered late. 😂

    DisAgree [1] Agree [1] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Tue, Jan 12 2021

    First give us Jobs & then ask us to file Returns ...

    DisAgree [4] Agree [3] Reply Report Abuse

  • OSWALD VAZ, THOTTAM/BAHRAIN

    Tue, Jan 12 2021

    Return filed in August, 2020 . Refund not received until now. when refund expected ?. Does it include Penalty also ?.

    DisAgree [1] Agree [4] Reply Report Abuse

  • Deshbhakt, Mangalore

    Tue, Jan 12 2021

    He He He... this is like the GST. Snatch the tax while a purchase is made but the states are not paid even after a year.

    Our TDS is made even before our salary/interest reaches our hand but repaying it, if we are eligible, might come with next years IT returns.

    Governance with a difference. Totally bankrupt India under Modi government.

    DisAgree [2] Agree [5] Reply Report Abuse


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