Extension of IT Return Due date
On July 29, the Centre extended the deadline for filing of original and revised income tax (I.T.) returns for FY19 till September 30. The IT Department said in a tweet - "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,” 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 up to Rs. 1 lakh has also been extended to 30th November 2020." However, no such relief has b...