Income Tax Return last date for the FY 2018-19 extended till 30th September 2020

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 due to Covid-19 pandemic

The Centre, on July 29, extended the deadline for filing of original and revised income tax (I-T) returns for FY19 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-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.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 29th July, 2020

TAXATION AND OTHER LAWS

S.O. 2512(E).– In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (2 of 2020), the Central Government hereby makes the following amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, number 35/2020, dated the 24th June, 2020, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), vide number S.O. 2033(E), dated the 24th June, 2020, namely:-

(i) in the first proviso, in clause (i), in sub-clause (a), for the words, figures and letters “the 31st day of July, 2020” the words, figures and letters “the 30th day of September, 2020” shall be substituted;

(ii) after the second proviso, the following proviso shall be inserted, namely: –

“Provided also that for the purposes of the second proviso, in case of an individual resident in India referred to in sub-section (2) of section 207 of the Income-tax Act, 1961 (43 of 1961), the tax paid by him under section 140 A of that Act within the due date (before extension) provided in that Act, shall be deemed to be the advance tax:”.

2. This notification shall come into force from the date of its publication in the Official Gazette.

[Notification No. 56/2020/ F. No. 370142/23/2020-TPL]
NIRAJ KUMAR, Dy. Secy. (Tax Policy and Legislation Division)

Note:- The principal notification number S.O. 2033(E), dated the 24th June, 2020 was published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), dated 24th June, 2020.

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