Revised Income Tax Return and Tax Audit Due date for Financial Year 2019-20 Assessment Year 2020-21

The finance minister has announced the 20 Lakh crore stimulus package in which the new due dates for Income tax return filing for various assesses.  In this article we will discuss about the old and new due dates of Income tax filing.

Due date for tax filing for Individuals, HUF, Firm and LLP:

As per section 139(1), individual or HUF or firm or LLP who is not required to gets their books of accounts audited under section 44AD or under any law are required to file their Income Tax Return on or before 31st July of the assessment year. The due date for Income tax return for the Financial year is 31st July 2020.

As per the announcement made by the finance minister in the press meet on 13th May 2020, the due date for filing Income Tax Return has been extended the new date is 30th November 2020.

Due date for tax filing for Individuals, HUF covered under Audit:

As per section 139(1), individual or HUF who is are required to gets their books of accounts audited under section 44AD or under any law are required to file their Income Tax Return on or before 30th September of the assessment year. The due date for Income tax return for the Financial year is 30th September 2020.

Audit Mandatory for the below persons:

  1. n case of individuals who are having annual turnover of more than Rs. 5 crores in case of business or Gross receipts of Rs. 50 Lakhs or more in case of Profession individual like doctor, lawyers etc.
  2. Where the assessee is covered by presumptive scheme and the profit reported by the assessee is less 8% or 6% of the total turnover in case of business and 50% of the total gross receipts.
  3. Companies covered under the companies act or any other law

The revised due dates can be summarised as below:


ParticularsNew Due dateOld Due date
Individuals/ HUF who are not required to get their books of accounts audited under section 44AD30th November 202031st July 2020
Individuals/ HUF who are required to get their books of accounts audited under section 44AD31st October 202030th September 2020
Persons other than Individual/ HUF who are required to get their books of accounts audited under section 44AD or under any other law31st October 202030th September 2020
Company who is covered under companies act 201331st October 202030th September 2020
Assessee covered under Vivad se Vishwas scheme31st December 202030th June 2020

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