In the Corona era, the Income Tax Department has extended the last date for filing returns. According to the information received from the Central Board of Direct Taxes (CBDT), now common citizens, who did not have to file an audit report along with their returns, can file their returns for the year 2019-20 by 31 December 2020. The last date for this was fixed November 30, 2020.
According to the information received from the Union Finance Ministry, now taxpayers, whose returns do not have an audit report, can file their returns by 31 December 2020. For taxpayers, whose returns have to be audited, the last date for filing IT returns has been fixed for January 31, 2021.
Earlier, in May, the government extended the last date for filing income tax returns for the financial year 2019-20 to 30 November 2020. Apart from this, the benefit of the trust scheme from the dispute brought for settlement of tax disputes was also extended till 31 December 2020 without any extra charge.
Leave a Reply