New Delhi. Good news has come for the taxpayers. The Income Tax (IT) department has extended the last date for filing Income Tax Return (ITR) for the financial year 2019-20 (assessment year 2020-21) till 30 November 2020. This decision has been taken in view of the challenges faced by taxpayers due to the current coronavirus epidemic. According to IT, ITR can now be filed by November 30, 2020 for the financial year 2019-20. Providing further relief to taxpayers, the Central Board of Direct Taxes (CBDT) had last week extended the filing deadline for ITR for the financial year 2018-19 by one month to 31 July 2020, through a notification.
Apart from citing the Corona crisis, the IT department had announced to extend the tax saving investment / payment deadline to 31 July for the financial year 2019-20. The IT department had recently informed that tax saving investments / payments can be made by July 31, 2020 for the financial year 2019-20. This deadline extends to various investment instruments for claiming deductions under the Income Tax Act. These include Section 80C (Life Insurance, LIC), Public Provident Fund (PPF), National Savings Certificate (NSC) Equity Linked Savings Scheme (ELSS), 80D (for medical insurance), 80G (for donations) .
