Income Tax Returns date for AY 2019-20 extended

The filing of original and revised income tax (I-T) returns for FY19 till extended till September 30, 2020 from July 31, 2020 by the Central Board of Direct Taxes (CBDT) due to this COVID Pandemic.

Earlier in March, the date was extended to June 30 from March 31, and in June till July 31.

In the June extension, the CBDT also said: “In order to provide relief to small and middle class taxpayers, the date for payment of self-assessment tax in the case of a taxpayer whose self-assessment tax liability is upto Rs. 1 lakh has also been extended to 30th November, 2020.”

No such relief has been granted to taxpayers with self-assessment tax liability exceeding Rs 1 lakh. Additionally, the CBDT noted that the reduced rate of interest of 9 percent for delayed payments of taxes and levies specified in the Ordinance, shall not be applicable for payments made after June 30, 2020.

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