The deadline for filing income tax returns has been extended by another month. Earlier, the Union Finance Ministry had said that the file should be filed by November 30. But the new decision was postponed to December 31. This is a very comforting announcement for taxpayers. The decision was made in light of the plight of the people in the context of the corona. Earlier, the date for filing the return was extended several times.
The extension of the income tax payment date is very comforting. Earlier, the closing time was October 31. It was later extended to November 30. It has now been extended to December 31st. The Income Tax Department has announced that the tax payment period for the financial year from April 1, 2019 to March 31, 2020 has been extended.
In the context of the Corona, the deadline was extended even as the functioning of government offices was not as old-fashioned. The Central Board of Direct Taxes (CBDT) has extended the deadline for payment of self-assessment tax to tax payers up to Rs 1 lakh.