Income tax

242 views
User Avatar

B.Com
143 Points Posted on 26 March 2020

IS FY 2019-20 IS EXTENDED UP TO JUNE 2020? AND WHAT IS THE MEANING OF CHANGE IN RBI'S FISCAL YEAR UPTO 30TH JUNE 2020 AND NEXT FISCAL BEGINS ON 01/07/2020?

1 Reply Share Follow
On 26 March 2020 at 15:54 Report
Replies (3)
Quick Summary
This discussion clarifies income tax deadlines for the 2019-20 financial year, confirming no extension beyond the usual dates. It also explains the distinction between the government's April-March fiscal year and the RBI's fiscal year ending June 30th, 2020. The last date to file ITR for FY 2018-19 has been extended to June 30th, 2020.

User Avatar

Consultant
1891 Points Posted on 26 March 2020

For FY 2019-20, there is no extension at present. The due dates are same 31st July 2020 and 30th September.

The last date upto which ITR for FY 2018-19 can be filed has been extended from 31st March 2020 to 30h June 2020.

Government & RBI were following different fiscal years. Just like we follow April to March.

1 Reply
On 26 March 2020 at 16:28
Guest
Well clarified.
Reply
On 26 March 2020 at 16:59
User Avatar

4 Points Posted on 01 April 2020
I have a query from income from house property by girish ahuja
Reply
On 01 April 2020 at 22:50

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading