Due to Covid-19, the expiration date to file the return was extended first to November 30, 2020, then to December 31, 2020, and finally to January 10, 2021. To ensure that assessors file their income tax return (ITR) on time, provision for a late payment surcharge of up to Rs …
Read More »The government doubles the penalty for not meeting the ITR due date this year
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing the income tax return (ITR) for fiscal year 2019-20 until December 31, beyond the usual date of July 31, due to the ongoing coronavirus pandemic. According to the rules, people under the age of 60 who earn …
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