Wednesday 30 September 2020

Due date for 'filing belated, revised' ITRs for AY20 extended to Nov 30

 The deadline for filing "belated, revised' Income Tax returns has been extended from September 30 to November 30, said the government on Wednesday.

The date is being extended for the "genuine difficulties" taxpayers face in the Covid-19 pandemic, said the Central Board of Direct Taxes on Twitter.

The last date for filing tax returns for AY 2019-20 is being extended for the fourth time for the pandemic. The date was first revised till June 30, then July 31, and then till September 30.

The Income Tax department on Wednesday said it has issued refunds worth over Rs 1.18 lakh crore to over 33 lakh taxpayers in 6 months till September 29, said news agency PTI.

This include personal income tax (PIT) refunds amounting to Rs 32,230 crore issued to 31.75 lakh taxpayers, and corporate tax refunds amounting to Rs 86,094 crore to over 1.78 lakh taxpayers during this period.

"CBDT issues refunds of over Rs 1,18,324 crore to more than 33.54 lakh taxpayers between 1st April, 2020 to 29th September,2020. Income tax refunds of Rs 32,230 crore have been issued in 31,75,358 cases & corporate tax refunds of Rs 86,094 crore have been issued in 1,78,540 cases," the Central Board of Direct Taxes (CBDT) tweeted.

The government has emphasised on providing tax-related services to the taxpayers without any hassles during the pandemic and to that end has been clearing up pending tax refunds.

(With inputs from PTI.)

No comments:

Post a Comment