All the taxpayers who do not have filed their income tax returns for the financial year 2018-19 have now been provided with a relief of two months. The Central Board of Direct Taxes (CBDT) has extended the last date to file Income Tax Returns Get all due dates of income tax return and payment of advance taxes for FY 2018-19 (AY 2019-20). We update the last date as per the IT department notifications for the financial 2018-19, till 20th September 2020. The board said the decision was taken by the government further ease the compliances for the assessees amid the coronavirus pandemic.
Under a notification issued by the CBDT in S.O. 2512(E) dated 29th July 2020, the board decided to extend the last date of filing income tax returns from 31st July 2020 till 30th September 2020. The government had earlier extended the last date to file income tax returns for the financial year 201920 on 13th May 2002 for the same reason. Presently, the last date to file the income tax returns for the financial year 2019-20 is 30th November 2020.
The board has invoked all the powers provided by Taxation and other Laws (Relaxation of Certain Provisions) to take the decision and give some time to the taxpayers amid the pandemic. The decision of the government will be very beneficial for the taxpayers as the number of coronavirus cases have crossed 14 lakh and many states have re-imposed the state of lockdown in the cities. The move will motivate the taxpayers to file the IT returns Easy guide to file income tax return for the FY (financial year) 2018-19. Also, we added the document checklist related to Personal, Income, tax, bank, real estate, investment at their convenience and will ease the compliances.
“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 140A of that Act within the due date (before the extension) provided in that Act, shall be deemed to be the advance tax,” the notification read.