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New Delhi, May 1 The government on Saturday extended last dates for various income tax compliances, including the filing of belated or revised return for the 2019-20 fiscal, till May 31. The Central
Government extends timelines for tax compliance till May 31 Experts said the extension was ‘unrealistic’ given the lockdown and intensity of the pandemic The government on Saturday extended timelines for various income tax compliances, including the filing of belated or revised returns for 2019-20, till May 31. The Central Board of Direct Taxes (CBDT) said it had received representations from various stakeholders for relaxation on compliance requirements because of the ongoing pandemic situatio...
Income-tax return in response to notice under Section 148 of the Act, for which the last date of filing of return of income under the said notice is April 1, 2021, or thereafter, may be filed within the time allowed under that notice or May 31, 2021, whichever is later.
Belated income tax returns can now be filed before May 31, 2021 In order to provide relief to taxpayers amid the second wave of COVID-19 in the country, the government has extended various Income Tax compliance deadlines, under the Income Tax Act 1961. In a circular issued on Saturday, May 1, the Central Board of Direct Taxes or CBDT, stated that under its powers under Section 119 of the Income-tax Act, 1961, the organisation has provided certain relaxations with respect to Income-Tax compliances by taxpayers. ( According to the Income Tax Department (I-T), the various compliances as part of...
URL copied Govt extends timelines for tax compliance, ITR for FY20 can be filed till May 31 The government on Saturday extended timelines for various income tax compliances, including the filing of belated or revised return for the 2019-20 fiscal, till May 31. The Central Board of Direct Taxes (CBDT) said it had received representations from various stakeholders for relaxation on compliance requirements. "In view of the adverse circumstances arising due to the severe COVID-19 pandemic and also in view of the several requests received from taxpayers, tax consultants & other stakehold...