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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 24th June, 2020 TAXATION AND OTHER LAWS S.O. 2033(E). In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (2 of 2020) (hereinafter referred to as the Ordinance), the Central Government hereby specifies , for the purposes of the said sub-section (1),- (i) the 31st day of December, 20
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FAQ :
The due date for filing Income Tax Returns (ITR) for the financial year 2019-20 (assessment year commencing 1st April 2020) has been extended to 30th November 2020.
This extension specifically applies to the Income Tax Returns for the financial year 2019-20.
The extension is provided under the powers conferred by the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020.
Yes, the notification also extends deadlines for other compliances, including furnishing of audit reports and delivery of statements of tax deducted or collected at source.
The extension for furnishing returns under section 139 for the assessment year commencing 1st April 2020 is to 30th November 2020. However, there's a proviso regarding Explanation 1 to section 234A for cases where tax exceeds one lakh rupees.
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