As the country has come to a standstill due to pan India lock down to contain spreading of highly infectious Novel Coronavirus COVID-19,
In the present lockdown and scare of a pandemic, it is impossible to carry out the business closures, audits for the year ending March 31, 2020 and plan for the FY 2020-21 beginning April 1, 2020.To keep away every taxpayers from all the hardships that would have been faced by them while filling their return during this pandemic situation ,Financial Minister Nirmala Sitharam has announced extension of due dates for Income tax return for Fy 2019-20
Due date of all income-tax return for FY 2019-20 has been extended from 31st July, 2020 & 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October, 2020.
The Date of assessments getting barred on 30th September, 2020 extended to 31st December, 2020 and those getting barred on 31st March, 2021 will be extended to 30th September, 2021.
The Period of Vivad se Vishwas Scheme for making payment without an additional amount will be extended to 31st December, 2020.