Save Penalty on Income Tax Return Filing on Due Date
With relaxation in compliance norms for the corporate sector, the Government of India did announce for some effective policy measures for individuals and corporate entities to keep their business going and balance their compliance obligations during this time of the pandemic. In respite of the COVID-19 pandemic, the Finance Minister Nirmala Sitharaman in April 2020 announced to extend the due date for filing Income Tax Return for the AY 2020 -21 to 30 th November 2020 which was to be filed on 31 st July 2020. Due Date for Filling Income Tax Return for AY 2020-2021 (FY – 2019-2020) Particular Due Date For all taxpayers on whom audit provisions are not applied 30 th November 2020 For all taxpayers (inc. companies) on whom audit provisions are applicable 31 st October 2020 To file a return of Income tax is the responsibility of every Indian citizen. It is obligatory for both individua...