Period for calculating income tax for assessment year 20-21.

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Mechanical
215 Points Posted on 22 September 2020
usually the period for calculation of tax for an assessment year is from 1st April to 31st March of next year

Due to the covid crisis
whether the Tax department has shifted the period for calculation of tax for assessment year 20 to 21. ???
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On 22 September 2020 at 21:08 Report
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The standard period for calculating income tax for an assessment year runs from 1st April to 31st March of the following year. Despite concerns due to the COVID-19 crisis, this period has not been shifted for Assessment Year 20-21. The calculation remains as normal, adhering to the April to March timeframe.

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Tax and Business Consultant
11616 Points Posted on 22 September 2020
No, there is no shifting in any period....it's as per normal, i.e April to March Only.
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On 22 September 2020 at 22:46
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Mechanical
215 Points Posted on 26 September 2020
Thank you
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On 26 September 2020 at 23:16
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Tax and Business Consultant
11616 Points Posted on 27 September 2020
Welcome...........
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On 27 September 2020 at 00:34

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