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Income Tax Dept. Extends ITR Filing Deadline To Nov 30 For Fy 20

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For the financial year 2019-20, the department of income tax under whose ambit all tax-related matters fall formally announced the extension in deadline for filing of ITR from July 31, 2020 to November 30, 2020 on Saturday. The dates were notified earlier only by the centre.

Income Tax Dept. Extends ITR Filing Deadline To Nov 30 For Fy 20
 

In a tweet, the department said that the move has been taken "understanding and keeping in mind the times that we are in" and hoped it will help taxpayers "plan things better".

Earlier on Thursday, the department notified the extension in payment or investments to claim deduction benefits as part of Section 80C to July 31, 2020 instead of the earlier June 30, 2020.

The date for filing TDS return for February and March also was extended to July 31, 2020.

Tax compliance related deadlines extended further

Also, any excess amount invested in PF, PPF, NSC and similar instruments until July 31, 2020 shall be eligible for claiming deduction for the next financial year i.e. Fy 2020-21, if the investment exceeds minimum threshold limit.

GoodReturns.in

Read more about: income tax itr coronavirus
Story first published: Sunday, July 5, 2020, 1:24 [IST]
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