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Should you opt for new tax regime (no deductions) or continue with old tax regime and claim deductions for life insurance, ELSS and other investments - Online Tax Preparation Services | Rupee Tax As the deadline for providing income tax declarations for the next financial year i.e. 2020-21, all employees will have to Can We Explore

CBDT extends tax return filing deadline for those tax payers subject to tax audit to 31 October 2019. This includes individuals reporting loss under F&O segment.

Enclosed is the notification. Notice that the date of the notification is hand written. Possibly the decision to extend was taken earlier but released only later by the CBDT so that maximum people file their returns before 30 September.

Deadline for filing IT returns by individuals extended to 31 August 2019 in a welcome relief by CBDT.

We still suggest filing returns as soon as possible to enable faster processing of returns...

F. No. 225/157/2019/ITA.II Government of India Ministry of Finance Department of Revenue

Central Board of Direct Taxes
North-Block, ITA-II Division New Delhi, the 23 of July, 2019
Order under Section 119 of the Income-tax Act, 1961

The ‘due-date’ for filing income-tax returns for Assessment-Year 2019-20 is 31.07.2019 for certain categories of taxpayers. It has been reported that some of the taxpayers are facing difficulties in filing their income- tax returns due to various reasons including extension of due date for issue of Form 16 for the Assessment-Year 2019-20.

In this regard, the Central Board of Direct Taxes, in exercise of its powers conferred under section 119 of the Income-tax Act, 1961 (‘Act’), hereby extends the ‘due-date’, as prescribed under section 139(1) of the Act, for filing income-tax returns from 31 July, 2019 to 31 August, 2019 in cases of all taxpayers who are liable to file their income-tax returns by the said ‘due-date’.

—sd—
(Rajarajeswari R.) Under Secretary to the Government of India