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Income Tax due for FY19? Pay interest at just 0.75% per month before this date

Income Tax due for FY19? Pay interest at just 0.75% per month before this date

ITR Filing Last Date: Amidst the Coranavirus crisis, in order to provide some relief to the taxpayers and income tax filers, the government had come out with certain measures aimed at them. The last date for filing the income tax return (ITR) for the financial year 2018-19 has been extended to June 30, 2020, from the existing date of March 31, 2020. According to Homi Mistry, Partner, Deloitte India, “The Finance Minister, Nirmala Sitharaman held a press conference 24 March 2020 to announce various relief measures taken by the government on statutory and regulatory compliance matters in view of the outbreak of COVID19, however, the necessary legal and legislative amendment for giving effect to the aforesaid relief is awaited.

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