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Extension in ITR filing date: What would be the impact on 80C benefits?

Extension in ITR filing date: What would be the impact on 80C benefits?

To provide relief to taxpayers locked down to contain spreading of highly infectious Novel Coronavirus COVID-19, Finance Minister Nirmala Sitharaman has declared extension in the last date for filing of Income Tax Return (ITR) for the financial year (FY) 2018-19 to June 30, 2020 from March 31, 2020 for those assessees who have not filed their returns yet.

Along with the extension in the last date of filing ITR, the due date for linking PAN with Aadhaar and tax payment date under ‘Vivad se Vishwas’ scheme to avoid paying additional 10 per cent tax have also been extended to June 30, 2020.

 

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