INSUBCONTINENT EXCLUSIVE:
Income Tax Return Last Date: The due date for filing ITRs for financial year 2019-20 is November 30This is the last month for filing the
Last week, the Income Tax Department extended the due date for assessees to file their returns for for the income earned between April 1,
2018 to March 31, 2019 by one month, to July 31, 2020
The deadline for filing income tax returns (ITRs) for financial year 2019-20 is November 30
Therefore, the return of income earned between April 1, 2019 and March 31 2020 which was due by July 31 can now be filed by November 30
Meanwhile, the last date for the mandatory linking of PAN or Permanent Account Number with Aadhaar is March 31, 2021.The Central Board of
It also eased the last date for furnishing as well as issuing TDS (tax deducted at source) or TCS (tax collected at source)
statements/certificates pertaining to financial year 2019-20 to July 31 and August 15 respectively.Taxpayers are allowed a range of
deductions against investment in life insurance, provident fund (Section 80C of the Income Tax Act) and health insurance (Section 80D) for
financial year 2019-20.The Income Tax Department has also allowed assessees to claim deductions in capital gains arsing out of investments,
construction and purchases made till September 30, 2020
furnishing tax audit reports till October 31.The moves are likely to ease the burden of filing taxes for individuals and businesses alike on
