Tax payers get 2 months extended for filing FY19 income tax returns

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Tax payers who have not yet filed their income tax returns for FY19 have got time till end of September to do so with the government giving a 2-month extension of the due date.

The Central Board of Direct Taxes (CBDT) on Wednesday notified the extension of due date for filing tax returns for FY19 from 31 July to 30 September.

In view of the constraints due to the Covid-19 pandemic to similarly ease compliances for taxpayers, CBDT extends the due date for filing of Income Tax Returns (ITR) for Financial year 2018-19 (Assessment year 2019-20) from 31st July, 2020 to 30th September, 2020, the Income Tax Department stated in a tweet.

It is to be mentioned that this is the third extension given through the Centre to taxpayers to file both original and revised tax returns for 2018-19 fiscal.

 In March, the Centre had extended the due date from March 31 to June 30 due to coronavirus pandemic. Later in June, the date was again extended by a month until July 31.

If an individual fails to file the belated ITR, if due, via the deadline (September 30, 2020), then he/she will not be able to file the income tax return for the financial year 2018-19. The CBDT has stated that an individual can also file a revised ITR for FY 2018-19 within this deadline.

The relaxation comes at a time the number of coronavirus infections in India has crossed 1.4 million and several parts of the country are under movement restrictions of some form or the other. One consideration for giving extra time for various statutory filings is to improve compliance.

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