KTPA

Due date for filing ITR for Assessment Years 2019-20 & 2020-21 Extended...

 

Notification No. 35 /2020, dated 24-06-2020

The Central Board of Direct Taxes (CBDT) has extended the various due dates, which were previously extended, to June 30, 2020 by the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020.
 
a) Due date for furnishing revised/belated ITR for Assessment Year 2019-20 extended to July 31, 2020. Further, due date for furnishing ITR for Assessment Year 2020-21 has been extended to November 30, 2020 (for all categories of assessees)
b) Though the due date for filing of ITR for the Assessment Year 2020-21 has been extended to November 30, 2020 but there would be no relief in interest chargeable under section 234A if the tax liability exceeds Rs. 1 lakh.
c) The date for making various investment/ payment for claiming deduction under Chapter-VIA-B which includes section 80C (LIC, PPF, NSC etc.), section 80D, section 80G, etc. has also been extended to July 31, 2020.
d) The date for passing of order or issuance of notice by the authorities and various compliances under various Direct Taxes & Benami Law which are required to be passed/ issued/ made by 31-12-2020 has been extended to 31-03-2021.