India

Income Tax dept quashes rumors of extension in last date of filing ITR

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After a fake circular made rounds over the internet “pertaining to extension of due dt for filing of IT Returns”. The official Twitter handle of Income Tax India quashed the rumours as “not genuine”.

“Taxpayers are advised to file Returns within extended due dt of 31.08.2019,” the handle tweeted.

Earlier the last date to file to ITR was July 31, 2019 but the government had extended the deadline to August 31, 2019, for the assessment year 2019-20.

August 31, 2019, is the date by which Individuals, Body of Individuals, Hindu Undivided Family and Association of Persons. While Businesses Requiring Audit must file their taxes by 30th September 2019. Those Businesses requiring TP report can submit their filing by 30th November 2019.

How much penalty for not filing income tax return before deadline?

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