Finance Minister Nirmala Sitharaman announced a slew of measures to revive the slumping economy during her press conference on Wednesday. Among a host of announcements, the Finance Minister, in a huge relief for taxpayers, said that the income tax returns due date will be extended to November 30. Tax audit date will also be extended to October 31.
"Due date of
all income-tax returns for FY 2019-20 will be extended from 31st July 2020 & 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October, 2020," she said.
Date of assessments getting barred on September 30 will be extended to December 31 and those getting barred on March 31, 2021 will be extended to September 30, 2021.