The officials of the Central Government Department of Income Tax have announced that today is the last to file Income Tax Returns (Monday, 15th February)
Due to the raging coronavirus pandemic, the time for filing the Income Tax Returns for the financial year 2019-20 had been extended. In the last phase, it was extended up to December.
Subsequently, time extension was given until 15th February to file the Income Tax returns after the due audit.
As a positive response to the appeal from the taxpayers, the deadline for filing Income Tax Returns for due audit concludes today – Monday, 15th February.
As such, the taxpayers can file their Income Tax returns until today without any penalty. The taxpayers with an annual income of over Rs. 5 Lakhs who fail to file the Income Tax Returns today need to pay fine of Rs. 10000and file the Income Tax returns from tomorrow. PLEASE NOTE THAT INCOME TAX RETURNS CANNOT BE FILED AFTER 31ST MARCH!”