Make sure you don't miss extended tax filing deadline: Analysts

The new deadlines for uploading declarations in Form 15G/15H for Q1 is November 30. For Q2, the deadline is December 31

The income tax return (ITR) filing deadline for financial year 2020-21 (FY21) for individuals has already been extended to September 30. Since then, the government has also extended deadlines for e-filing various forms, including 15G and 15H. 

The new deadlines for uploading declarations in Form 15G/15H for the first quarter (Q1) is November 30. For Q2, the deadline is December 31.

What are Forms 15G and 15H?

I-T law allows taxpayers to receive certain incomes (like interest, dividend, rent, insurance commission, etc) without deduction of tax at source (TDS). Gopal Bohra, partner, NA Shah and Associates, says, “A taxpayer can avail such benefit