Increased date for submitting earnings tax for the monetary yr 2019-20

by Jeremy Spirogis
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new Delhi: Union Finance Minister Nirmala Sitharaman and Minister of State for Finance Anurag Thakur have additionally introduced this as a part of the monetary package deal between the corona virus lockdown. The Finance Minister mentioned that the due date of earnings tax returns for the yr 2019-2020 is now being prolonged from July 31.

The date for submission of all earnings tax returns for the monetary yr 2019-20 has been elevated from 31 July 2020 to 31 October 2020 to 30 November 2020 and the tax audit has been prolonged from 30 September 2020 to 31 October 2020.

The Finance Minister mentioned that the speed of TDS, TCS on different types of cost excluding wage was decreased by 25 per cent by 31 March 2021, which might free the quantity of Rs 50,000 crore to be spent within the palms of the items. <! –

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