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Itr for ay 2020-21 and audit date

ANIL KUMAR KHETAN (PROPRIETOR) (542 Points)

21 September 2020

Itr for ay 2020-21 and Audit date extended up to 31 March 2021, it is right or wrong. Please clarify the latest position.

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3 Replies

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 21 September 2020

There is no official Notification regarding same, as on date.....

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ANIL KUMAR KHETAN (PROPRIETOR) (542 Points)
Replied 21 September 2020

According to latest bill 2020 bill pass in lok sabha ,above situation is correct or not

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 21 September 2020

The Taxation And Other Laws (Relaxation And Amendment Of Certain Provisions) Bill, 2020 (Bill) is introduced in Lok Sabha on 18th September 2020 and was having lot of Drafting mistakes fr which it subsequently issued Errata. This bill was passed in Lok Sabha on 19th September 2020 and it replaces Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020, promulgated in March, 2020.

The ambiguity of language of this Bill created an impression that dates for filing ITRs etc has been extended. However that is not true...