Finance Ministry Extends Deadline To File ITR For 2019-20
Finance Ministry extends the deadline to file ITR for 2019-20, know the new date. The Finance Ministry has notified the extended due date for filing Income Tax Return (ITR) for the 2019-20 financial year.
The deadline for filing of ITRs by individual taxpayers has been extended to December 31 for one month, in addition to such taxpayers whose accounts are to be audited, they are getting time till January 31, 2021. The mean date has been extended to 31 January 2021.
Nangia Anderson LLP partner Sandeep Jhunjhunwala said that although the government had announced the extension of ITR and audit report filing dates last week, there was an ambiguity.
Jhunjhunwala said that everything has become clear with today’s notification.
As a result, all Indian and foreign companies that are not liable for tax audits or do not maintain transfer pricing documents can now file ITRs by January 31, 2021, while the person who is not liable for the tax audit will be able to file on December 31.
By 2020, we will file our tax return.
The government had earlier in May extended the ITR filing date from 31 July to 30 November, giving relief to taxpayers due to the COVID-19 epidemic.
The CBDT then stated in its order that this decision has been taken in view of the difficulties faced by taxpayers due to the Corona virus crisis.
If a taxpayer does not pay income tax on time, then he can be fined up to 10 thousand. In such a situation, taxpayers should avoid filing a belated return. If a taxpayer delays in filing returns, then he has to pay a penalty of 1% of the simple interest every month.
These 7 types of debit card of SBI can withdraw money, know the daily limits of every card
State Bank of India (SBI) offers its customers seven types of ATM-cum-debit cards. The daily cash withdrawal limit ranges from Rs 20,000 to Rs 1 lakh depending on the type of card.
SBI has changed its ATM withdrawal rules since 1 July. As per the information available on the official website (sbi.co.in), SBI allows its regular savings account holders to do 8 free transactions in a month. In addition, customers are charged on every transaction.
