Taxontips
No Result
View All Result
Thursday, November 30, 2023
Login/ Register
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Talk to an Expert
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
No Result
View All Result
Taxontips
No Result
View All Result

CBDT modifies ITR to let people take benefit of extended time limit due to Covid-19

Income tax Expert by Income tax Expert
April 19, 2020 - Updated on April 25, 2020
in Income Tax News
0
Due date for Tax audit for A.Y. 2019-20 extended from 30th September to 31st October
104
SHARES
1.3k
VIEWS
image_pdfPDFimage_printPrint

As we all know CBDT had extended date for filing revised return u/s 139(5) for A.Y. 2019-20 along with extension of due date for investing in instruments mentioned u/s 80C, 54, 54F or donation u/s 80G etc till 30.06.2020 relevant to A.Y. 2020-21.

Thus, now to let people take benefit of such investment while filing their return of income and so that the inputs after 31.03.2020 are also accepted in F.Y. 2019-20 income tax return, CBDT has said that it will modify the Income tax return for FY 2019-20 (relevant to A.Y. 2020-21) and same shall be notified by the end of this month.

CBDT has explained that such modifications have been made so that people can take benefit of transaction done between 01.04.2020 to 30.06.2020 relevant to FY 2019-20.

CBDT has said that generally the Income tax return forms are notified in the first week of April. This year also the e-filing utility for filing of return of income for A.Y. 2020-21 was made available as on 01.04.2020, also the Income tax return forms ITR 1 and 4 were already notified on 03.01.2020. However to ensure that the taxpayer is enabled to avail all benefits of the timeline extension due to Covid -19 pandemic, the return form revision is being carried out.

Now, don’t go to E-filing for checking the utility as the same is not available there may be it was only prepared for internal purpose. Let’s wait for revised Income tax return as we all know not all Income tax returns are available in April.

ITD changing ITR for corona virus

You can read the original Post HERE.

 

This article is just for information purpose it is always advisable to hire a professional for practical execution. If you need assistance you can ask a question to our expert and get the answer within an hour or post a comment about your views on the post and also subscribe to our newsletter for latest weekly updates.

image_pdfPDFimage_printPrint
Tags: CBDT to issue new income tax returnITR due dateITR for AY 2020-21ITR for FY 2019-20ITR for FY 2019-20 releasedNew ITR released
Previous Post

WIRC makes representation for including CA services under essential services amid COVID-19

Next Post

TDS Rate Chart for FY 2020-21

Related Posts

Due date for Tax audit for A.Y. 2019-20 extended from 30th September to 31st October
Income Tax News

What is discard return? How to discard Income tax return? FAQ on discard return

November 29, 2023
CBDT issues circular for detailed explanation on TDS deduction u/s 192 of the Income tax act
Income Tax News

Inoperative PAN resulting in TDS notice to deduct TDS at the rate of 20%. Here’s why?

November 16, 2023
Calculation sheet for comparison of tax payable under new and old tax regime for individual and HUF – 115BAC
Income Tax News

Comparison between Section 115BAC before and after AY 2024-25

November 15, 2023 - Updated on November 16, 2023
Tax rate of domestic companies slashed/ reduced to 15% and 22% – What’s the truth? – A Summary
Income Tax News

Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year 2021-22

November 7, 2023
GST registration
Income Tax News

GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ₹1.72 lakh crore

November 6, 2023
Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-
Income Tax News

ITR V showing invalid due to non-verification for income tax return filed by audited entities [AY 2023-24]

November 2, 2023
Next Post
TDS Rate Chart for FY 2020-21

TDS Rate Chart for FY 2020-21

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Google Custom search

Recent Posts

  • What is discard return? How to discard Income tax return? FAQ on discard return
  • CGST Delhi East busts a syndicate of 48 fake firms availing fraudulent ITC of over ₹199 crores in “Operation Clean Sweep”, 3 arrested
  • ITC reversal on account of Rule 37(A) by the recipient
  • Inoperative PAN resulting in TDS notice to deduct TDS at the rate of 20%. Here’s why?
  • Comparison between Section 115BAC before and after AY 2024-25

Recent Comments

  • Srinivasan Venkatasubramanian Venkatasubramanian on GST turnover limit for services increased to Rs. 40 lakh by CBIC?
  • Notification under PMLA by Ministry of Finance which could affect CA, CS and CMA - Taxontips on CA, CS and CMA now under PMLA. KYC of clients required
  • ITR 4 is now available on e-filing website for FY 2022-23 i.e. AY 2023-24 | File ITR with experts on Taxontips – Taxontips on Businessman with turnover below 1 crore and having profit below 8% need to compulsorily get books of accounts audited: Let’s find out
  • Can a person earning income from speculative business transaction file return u/s 44AD of Income tax act - Taxontips on How to calculate turnover in case of intra day and future and option trading for Income Tax purpose?
  • Extension of last date for updation of Member’s Profile with GSTIN at Self Service Portal – Till 23rd April, 2023 - Taxontips on Updation of Member’s Profile at Self Service Portal with GSTIN to get GST credit till 15.04.2023

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Browse Topics by Date

November 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930  
« Oct    
  • GSTR 9/ 9C extended : AGAIN

    GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning

    6458 shares
    Share 2583 Tweet 1615
  • How to pay Membership and COP fees of ICAI for 2020-21 |

    6358 shares
    Share 2543 Tweet 1590
  • Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods

    5753 shares
    Share 2301 Tweet 1438
  • Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020

    4772 shares
    Share 1909 Tweet 1193
  • SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type

    4000 shares
    Share 1600 Tweet 1000

Recent Notification

Due date for Tax audit for A.Y. 2019-20 extended from 30th September to 31st October

What is discard return? How to discard Income tax return? FAQ on discard return

November 29, 2023
Income Tax department conducting the biggest raid of 2020 in Raipur!

CGST Delhi East busts a syndicate of 48 fake firms availing fraudulent ITC of over ₹199 crores in “Operation Clean Sweep”, 3 arrested

November 21, 2023

RSS Taxontips

  • What is discard return? How to discard Income tax return? FAQ on discard return
  • CGST Delhi East busts a syndicate of 48 fake firms availing fraudulent ITC of over ₹199 crores in “Operation Clean Sweep”, 3 arrested
  • ITC reversal on account of Rule 37(A) by the recipient
  • Inoperative PAN resulting in TDS notice to deduct TDS at the rate of 20%. Here’s why?
  • Comparison between Section 115BAC before and after AY 2024-25
  • Advisory for the procedures and provisions related to the amnesty for taxpayers for filing appeal under GST
  • Statutory Compliance Calendar for November 2023 | Income tax, GST and various other laws
  • Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration
  • Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year 2021-22
  • GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ₹1.72 lakh crore

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Site menu

  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Taxontips

TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India

© 2019-2023 Taxontips.com - Tax assistance at your Fingertips

No Result
View All Result
  • Login/Signup
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • About us
  • Contact us
  • Ask an expert/ Talk to an expert
  • Q & A
  • Privacy Policy
  • Terms of use

© 2019-2023 Taxontips.com - Tax assistance at your Fingertips

Book Phone consultation with expert

Sitting home or at your office and don't have time to visit CA's office or don't know where to consult CA. Book your consultation with an expert practicing Chartered Accountant and get your query solved.

Book a phone consultation for 30 minutes with our expert at a very basic cost.

Book consultation

No thanks, I'm not interested!