ITR date for AY 2019-20 extended: CBDT gives breather to taxpayers amid COVID-19 pandemic

NE BUSINESS BUREAU
CHENNAI, JULY 30

The union government has extended the deadline for filing of original and revised income tax (I-T) returns for the Financial Year 2019 till September 30. The two-month extension – the third such given for the fiscal – comes as the government looks to mitigate taxpayers’ “hardships” amid the coronavirus pandemic.

In view of the constraints due to the Covid pandemic & to further ease compliances for taxpayers, CBDT extends the due dt for filing of Income Tax Returns for FY 2018-19(AY 2019-20) from 31st July, 2020 to 30th September, 2020,vide Notification in S.O. 2512(E) dt 29th July, 2020. pic.twitter.com/Wlzvf8S83x

— Income Tax India (@IncomeTaxIndia) July 29, 2020

“In view of the constraints due to the COVID-19 pandemic and to further ease compliances for taxpayers, the Central Board of Direct Taxes (CBDT) extends the due date for filing of Income Tax Returns for FY 2018-19 (AY 2019-20) from July 31 to September 30, 2020,” the I-T Department said in a tweet.

Earlier in March, the date was extended to June 30 from March 31, and in June till July 31.

A notification to this effect was issued by the CBDT on July 29 and comes after the Finance Ministry announced relaxations for the same on June 24.

In the June extension, the CBDT also said: “In order to provide relief to small and middle class taxpayers, the date for payment of self-assessment tax in the case of a taxpayer whose self-assessment tax liability is upto Rs. 1 lakh has also been extended to 30th November, 2020.”

However, no such relief has been granted to taxpayers with self-assessment tax liability exceeding Rs 1 lakh. Additionally, the CBDT noted that the reduced rate of interest of 9 percent for delayed payments of taxes and levies specified in the Ordinance, shall not be applicable for payments made after June 30, 2020.