Sunday 1 November 2020

Last date for filing income tax returns extended to 30 November

Income Tax Department said, "Understanding & keeping in mind the times that we are in, we have further extended deadlines

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The Income Tax Department on Saturday extended the last date to file ITR returns. The decision to move the date for filing ITR returns came in the wake of coronavirus pandemic. According to the Income Tax Department’s statement, all Income Tax Returns can now be filed latest by November 30, 2020. 

In a tweet posted Saturday, the Income Tax Department said, “Understanding & keeping in mind the times that we are in, we have further extended deadlines. Now, filing of ITR for FY 2019-20 is extended to 30 November, 2020. We do hope this helps you plan things better.”

The Central Board of Direct Taxes (CBDT) decided extension of various time limits last week in view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of COVID-19.

CBDT’s 24 June notification, the time for filing of original as well as revised income-tax returns for the FY 2018-19 or assessment year (AY) 2019-20 has been extended to 31 July, 2020. “Hence, the returns of income which are required to be filed by 31 July, 2020 and 31st October, 2020 can be filed up to 30 November, 2020,” CBDT had said in a statement.

The Centre had also extended the deadline for linking biometric Aadhaar with PAN till 31 March, 2021.

In addition, the I-T department has also extended the deadline for furnishing of TDS (tax deducted at source)/TCS (tax collected at source) statements for FY 2019-20 till 31 July, 2020.

While that for issuance of TDS/TCS certificates for FY19-20 has been extended till 15 August. Furnishing of TDS/TCS statements and issuance of TDS/TCS certificates are prerequisites for enabling the taxpayers to prepare their return of income for the financial year. 

The date for making various investments for claiming deductions has also been extended to 31 July, 2020.

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