The Bharatiya Janata Party government in power at the Center has extended the filing date for the FY 2018-19, from the Goods and Services Tax (GST) return to the income tax return. This has brought great relief to millions of businessmen and taxpayers of Delhi-NCR. The Central Board of Indirect Taxes and Customs has tweeted that after receiving the appropriate approval from the Election Commission in view of the model code of conduct, the government has extended the deadline for filing GST annual returns and audit reports. The new deadline has been extended by a month to 31 October 2020. With this, taxpayers will now be able to file their returns by 31 October.

It is worth mentioning that according to the Ministry of Finance, for the financial year 2018-19, traders have been given relief in filing returns of GSTR-9 and 9-C. Now traders will be able to file these returns by October 31. The period ended on Wednesday. In view of the Corona transition, the date of income tax return on Wednesday has also been increased.

Now the date of income tax return to be filed for the financial year 2018-19 and assessment year 2019-20 has been extended to 30 November. This deadline also came to an end on 30 September. Even before this, its deadline has increased many times.

This is tweet

The due date for filing annual returns under GSTR-9 and GSTR 9C has been extended from 30 September 2020 to 31 October 2020. Explain that earlier, the government extended the last date for filing annual GST returns for 2018-19 in May for three months till September 2020.

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The department said in a tweet, ‘In view of the corona virus epidemic, giving more relief to the income tax payers, the Central Board of Direct Taxes (CBDT) last date for filing the income tax returns for the financial year 2018-19 (assessment year 2019-20) It has been increased from July 2020 to 30 September 2020. 

In March this date was extended from 31 March to 30 June. Later in June it was again extended for a month to 31 July. Now the date has been extended once again. If a person is not able to file ITR by the stipulated time frame (ie, September 30, 2020), then he will not be able to file income tax returns for the financial year 2018-19. CBDT has stated that the person can also file a revised ITR for FY2018-19 within this time frame.

If you are going to file Income Tax Return (ITR) for FY 2019-2020 or Assessment Year 2020-21, then it is very important for you to look at some things. These include the confirmation of its details from the recently introduced revised Form 26AS, among other things. 

The post ITR Filing Date: CBDT has extended the date of filing of income tax returns, now ITR can be filled till September 30 appeared first on News in Headlines.