Income Tax Return A.Y. 2020-21
Major Key Points in respect of Income Tax:-
Income Tax Return A.Y. 2020-21
1:- From 14-May-2020 to 31-Mar-2021 TCS/TDS rate reduced up to 25% for Non Salaried Residential.
2:- The dates for the financial year 2019-20 have been pushed back from July 31, 2020 and October 31, 2020 to November 30, 2020.
3:- The date for the tax audit was also pushed back by a month -- from September 30, 2020 to October 31, 2020.
4:- The date of assessments getting barred on September 30, 2020 will be extended to December 31, 2020 and those getting barred on March 31,2021 will be extended to September 30, 2021.
5:- The period of "Vivad se Vishwas" Scheme for making payment without additional amount will be extended to December 31, 2020.
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