Extended last date for filing income tax return; Latest information

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Income Tax Alert! Tax burden will increase on these people from July 1! Government prepared list
Income Tax Alert! Tax burden will increase on these people from July 1! Government prepared list

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.

Also Read: Income Tax return: Did High value transactions or large investments ? New Form 26AS will capture it all

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.

3 COMMENTS

  1. Is there any News with you about the extended date of filing the returns under the Income Tax Amnesty Scheme which is currently on ? Originally,the last date for filing these returns was 31st December,2020.

  2. THE PAST PRESIDENT OF INDIA; PRANAB MUKHERJEE INTRODUCED THE CLASS OF TAX PAYERS NAMED “SUPER SENIOR CITIZENS” BUT SUBSEQUENT FINANCE MINISTERS HAVE NOT BOTHERED TO OFFER ANY CONCESSIONS TO THIS CATEGORY – AND WITH THE LATEST RESTRICTIONS ON MOVEMENT OUTSIDE THEIR RESIDENCE – THEY ARE STUCK UP FROM ALL SIDES ; WHICH I HOPE WILL BE UNDERSTOOD BY THOSE ENJOYING POWER & POSITION TO TAKE DECISIONS : ADDED TO THE EXISTING PROBLEMS, THE CENTRAL GOVT. CONTINUES TO OFFER MORE & MORE TO GOVT. SERVANTS ONLY – RESULTING IN CRUSHING THE OTHERS WHO GET NO BENEFIT & FACE COST ESCALATION ONLY – BALASUBRAMANIAN

  3. India finance minister’s decision to waive all deductions under sections 80C,80D,80G, etc. is a humiliation for all regular honest tax payers & ITR filiers. This step of FM is discouraging investors to invest their hard earn money in the National saving certificates etc.

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