May 23, 2024

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Imagination at work

Due date for ‘filing belated, revised’ ITRs for AY20 extended to Nov 30

The deadline for submitting “belated, revised’ Cash flow Tax returns has been extended from September 30 to November 30, stated the authorities on Wednesday.

The day is remaining extended for the “real issues” taxpayers facial area in the Covid-19 pandemic, stated the Central Board of Direct Taxes on Twitter.

The very last day for submitting tax returns for AY 2019-20 is remaining extended for the fourth time for the pandemic. The day was first revised till June 30, then July 31, and then till September 30.

The Cash flow Tax division on Wednesday stated it has issued refunds well worth above Rs 1.eighteen lakh crore to above 33 lakh taxpayers in 6 months till September 29, stated news agency PTI.

This consist of private earnings tax (PIT) refunds amounting to Rs 32,230 crore issued to 31.75 lakh taxpayers, and corporate tax refunds amounting to Rs 86,094 crore to above 1.seventy eight lakh taxpayers in the course of this time period.

“CBDT difficulties refunds of above Rs 1,eighteen,324 crore to much more than 33.54 lakh taxpayers among 1st April, 2020 to 29th September,2020. Cash flow tax refunds of Rs 32,230 crore have been issued in 31,75,358 instances & corporate tax refunds of Rs 86,094 crore have been issued in 1,seventy eight,540 instances,” the Central Board of Direct Taxes (CBDT) tweeted.

The authorities has emphasised on delivering tax-similar services to the taxpayers with no any hassles in the course of the pandemic and to that finish has been clearing up pending tax refunds.

(With inputs from PTI.)

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