ITR 2019-2020: The Finance Ministry educated on October 24, 2020, that the cutoff time for documenting the Income Tax Return (ITR) for Financial Year 2019-20 has been stretched out till December 31, 2020, prior the due date to record ITR was November 30.
The administration, what’s more, has likewise broadened the due date for the personal assessment installment for the individuals who have a duty obligation of not as much as Rs. 1 lakh to December 31, while for the individuals who have a higher assessment risk, no such help has been given. The enthusiasm for the tardy returns will be appropriate from August 1, 2020.
The Union Finance Ministry has additionally educated that for the citizens who are subject for the expense review or need to outfit a report with respect to the homegrown or worldwide exchanges, the due date for them has now been stretched out from October 31 to January 31, 2021. While the people and others (counting salaried) who are not dependent upon any review, will have the option to document a return till December 31, 2020.