The Centre, on July 29, extended the deadline for filing of original and revised income tax (I-T) returns for FY19 till September 30. The two-month extension – the third such given for the fiscal – comes as the government looks to mitigate taxpayers’ “hardships” amid the coronavirus pandemic.
"In view of the constraints due to the COVID-19 pandemic and to further ease compliances for taxpayers, the Central Board of Direct Taxes (CBDT) extends the due date for filing of Income Tax Returns for FY 2018-19 (AY 2019-20) from July 31 to September 30, 2020,” the I-T Department said in a tweet.
Earlier in March, the date was extended to June 30 from March 31, and in June till July 31.
A notification to this effect was issued by the CBDT on July 29 and comes after the Finance Ministry announced relaxations for the same on June 24.
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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."
However, 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.(With inputs from PTI)