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of <h1>Income Tax Return and Audit Report Deadlines Extended for Assessment Year 2020-21 under Notification No. 88/2020.</h1> The Central Government, through Notification No. 88/2020, has extended certain deadlines under the Income-tax Act, 1961, for the assessment year starting April 1, 2020. The deadline for furnishing income tax returns is extended to January 31, 2021, for specific assessees, and to December 31, 2020, for others. Additionally, the deadline for submitting audit reports is extended to December 31, 2020. These extensions apply as per the provisions of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. The notification is effective from its publication date in the Official Gazette.
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