ITR submitting date for FY20 prolonged to November 30 – Occasions of India: NEW DELHI: The Revenue Tax (I-T) division on Saturday notiifed that the final date for submitting Revenue Tax returns (ITRs) for the monetary 12 months (FY) 2019-20 (evaluation 12 months 2020-21) has been prolonged until November 30, 2020, in view of the challenges confronted by the taxpayers because of the ongoing coronavirus pandemic.
ITR submitting date for FY20 prolonged to November 30 – Occasions of India
In a tweet, the I-T division stated: “Understanding & holding in thoughts the occasions that we’re in, we have now additional prolonged deadlines. Now, submitting of ITR for FY 2019-20 is prolonged to November 30, 2020.”
Understanding & holding in thoughts the occasions that we’re in, we have now additional prolonged deadlines. Now, submitting of ITR fo… https://t.co/5SV2i8TWe9
— Revenue Tax India (@IncomeTaxIndia) 1593842257000
Offering additional reduction to taxpayers, the CBDT (Central Board of Direct Taxes) had final week — by a notification — prolonged the timeline for submitting ITR for FY 2018-19 by a month to July 31, 2020.
“The time for submitting of authentic in addition to revised revenue tax returns for the FY 2018-19 (AY 2019-20) has been prolonged to July 31, 2020,” it had stated.
Additional, the CBDT had additionally prolonged the time restrict by a month until July 31, 2020, for making varied investments for claiming deductions beneath the I-T Act, which incorporates part 80C (LIC, PPF, NSC and so forth), 80D (mediclaim), 80G (donations) and so forth, for 2019-20.
The Centre had additionally prolonged the deadline for linking biometric Aadhaar with PAN until March 31, 2021.
As well as, the I-T division has additionally prolonged the deadline for furnishing of TDS (tax deducted at supply)/TCS (tax collected at supply) statements for FY 2019-20 until July 31, 2020. Whereas, that for issuance of TDS/TCS certificates for FY19-20 has been prolonged until August 15. Furnishing of TDS/TCS statements and issuance of TDS/TCS certificates are prerequisite for enabling the taxpayers to organize their return of revenue for the monetary 12 months.
(With PTI inputs)