dear sir, i want to revise. income return for AY 2019-20 So penalty is applicable or Not. Plz do the needful.
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Quick Summary
You can revise your income tax return for Assessment Year 2019-20 without incurring a penalty. The deadline for filing a revised return without penalty has been extended to 31st July 2020. This is due to a recent notification from the CBDT, confirming that no penalty will be applicable if the revised return is submitted by this date.