Time for filing of original as well as revised income-tax returns for 2018-19 extended to 31st July, 2020
New circular by CBDT on 24.06.2020 summarises as:-
– The time for filing of original as well as revised income-tax returns for 2018-19 extended to 31st July, and
-due date for income tax return for 2019-20 extended to 30th November, 2020.
-Waiver of interest u/s 234A in cases where self assessment tax is upto Rs 1 lakh
-Deductions under Ch-VIA like Sec 80C, 80D, 80G, etc can now be made upto 31st July, 2020
-The date for furnishing of TDS/TCS statements for the quarter ending on 31st March, 2020 has been extended to 31st July, 2020
-Due date of Generating of Form 16 has been extended to 15th Aug 2020.