Income Tax Date is extended
Manish Kumar 26th June 2020 384Category: Finance.(0)

Due date for filing #Income #Tax #Return for F.Y 2018-19 has been extended to 31st July, 2020 (Actual Due date was 31st March 2020, Revise June 2020)
Tax payer can deposit upto 31st July Deductions under Ch-VIA like Sec 80C, 80D, 80G earlier date was 31st March 2020, Revise 30th June 2020
Due date for filing Income Tax Return for F.Y 2019-20 has been extended to 30th Nov, 2020 from 31st July 2020.
TDS Return/ statements for the quarter ending on 31st March, 2020 has been extended to 31st July, 2020

Your Wait is over to file ITR.

Due date to file ITR 1 is 30th November 2020 for year AY 2020-21.

All tax payer has to answer following question before submitting Income Tax return for FY 2019-2020 AY 2020-21

Deposited into bank: Had you deposited more than Rs 1 cr in one or more bank accounts during previous year?

Spent on Foreign Travel: Had you spent more than Rs 2 Lakhs on foreign travel on yourself or anyone?

Electricity Bill: Had you spent more than Rs 1 Lakhs on electricity in last year?

Investments under section 80 for deduction: If you had made investment under section 80 between April 2020 to June 2020, the investment has to separately disclose.

Medical Insurance: This time ITR 1 has separate sheet for section 80D medical Insurance and salary person has give information about medical insurance and its family member if you taken medical insurance for them.

So it is advisable to all tax payer be careful and provide correct information about above questioner before filing and submitting ITRs  for year ending 31.3.2020.

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