ITR Filing date extended again

ITR FILING DATE EXTENDED AGAIN FOR F.Y. 2018-19 & 2019-20

CBDT has issued a Notification No.35 /2020/ F. No. 370142/23/2020-TPL dated 24th June 2020 by this notification following time limits extended for ITR related under Income Tax Act:

• Due date for filing income tax return for the financial year 2018-19 has been extended upto 31st day of July 2020;

• Due date for filing income tax return for the financial year 2019-20 has been extended upto 30th day of November 2020;

• Due date for furnishing of audit report under any provision of Income Tax for Financial year 2019-20 has been extended to 31st day of October, 2020;

• Interest liability is waived off under section 234A in cases where self assessment tax is upto 1 lakh rupees for financial year 2019-20;

• Deductions under chapter VI-A like 80C, 80D, 80G, 80U etc can now be made upto 31st day of July 2020 for financial year 2019-20;

• Deductions under section 54 or 54B has been extended to 30th September 2020 for investment falling between 20th March 2020 to 29th September 2020;