2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Last date for filing income tax returns for 2019-20 extended till which date?
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November 30
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September 30
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December 30
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October 30
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Explanation:
Detailed explanation-1: -Finance Minister Nirmala Sitharaman expressed during a press briefing, “Income tax deadline for all income-tax returns for FY 2019-20 will be provided with an income tax due date extension from 31stJuly 2020, and 31stOctober 2020, to 30thNovember 2020.
Detailed explanation-2: -Now as per the notice under section 148 of the Act, income tax returns can be filed by the time given in the notice or till May 31, 2021.
Detailed explanation-3: -Yes, you can file your ITR after the due date. But such an ITR will be considered as a Belated Return, and a late filing fee will be levied along with interest.
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