Earlier, the return on revenue earned between 1 April, 2019, and 31 March, 2020, was due by 31 July
The Income Tax (I-T) division of India has as soon as once more prolonged the deadline for submitting revenue tax return (ITR) for the monetary 12 months (FY) 2019-20 to 30 November 2020.
The announcement of the extension was made by Income Tax of India on its official Twitter deal with.
“Understanding and 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 30th Nov, 2020. We do hope this helps you plan things better,” the Income Tax India tweeted.
Understanding & maintaining in thoughts the instances that we’re in, now we have additional prolonged deadlines. Now, submitting of ITR for FY 2019-20 is prolonged to 30th Nov, 2020. We do hope this helps you propose issues higher.#ITDateExtension#FacilitationDuringCovid#WeCare #IndiaFightsCorona pic.twitter.com/ZoGBpok3V7
— Income Tax India (@IncomeTaxIndia) July 4, 2020
According to a report by Jagran English, the choice of extension of deadlines to file ITR for the FY 2019-2020 has been taken in view of the continued COVID-19 pandemic.
According to a report by NDTV, the return of revenue earned between 1 April, 2019 and 31 March, 2020, which was due by 31 July, can now be filed by 30 November.
Earlier this week, the IT division prolonged the deadlines for tax saving funding/funds for the monetary 12 months 2019-2020 as much as 31 July.
Taxpayers are allowed a variety of deductions towards funding in life insurance coverage, provident fund (Section 80C of the Income Tax Act) and medical health insurance (Section 80D) for the monetary 12 months 2019-20.
The IT division has additionally allowed assesses to say deductions in capital features arising out of investments, development and purchases made until 30 September 2020.
A report by TOI mentions that the Centre has additionally prolonged the deadline of linking biometric Aadhaar with PAN until 31 March, 2021.
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