New Delhi: The Income Tax Department on Saturday announced extension of the last date for filing Income Tax returns (ITR returns). In view of the challenges faced by the taxpayers amid the Coronavirus pandemic, the Income Tax Department's announced that all Income Tax Returns can now be filed latest by November 30, 2020.
"Understanding & 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," tweeted the IT department.
Earlier on June 24, the deadline for filing income tax returns (ITR) for FY 2019-20 had been extended up to Julky 31 by Central Board of Direct Taxes (CBDT). CBDT through a notification also extended the time limit by a month till July 31, 2020, for making various investments for claiming deductions under the I-T Act, which includes section 80C (LIC, PPF, NSC etc), 80D (mediclaim), 80G (donations) etc, for 2019-20.
With this, the taxpayers will now be able to make investments for claiming deductions under the Income Tax Act for the financial year 2019-20 up to July 31.
The I-T department has also extended the deadline for furnishing of TDS (tax deducted at source)/TCS (tax collected at source) statements for FY 2019-20 till July 31, 2020.
While that for issuance of TDS/TCS certificates for FY19-20 has been extended till August 15. Furnishing of TDS/TCS statements and issuance of TDS/TCS certificates are prerequisites for enabling the taxpayers to prepare their return of income for the financial year.
(With PTI Inputs)
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