ITR & Tax Audit Due date for FY 2019-20 extended

ITR & Tax Audit Due date for FY 2019-20 extended The due date of Income tax return (ITR) for FY 2019-20 has be extended from 31st July, 2020 and 31st October, 2020 to 30th November, 2020. Similarly Tax audit due dates have been extended from 30th September, 2020 to 31st October, 2020. This was announced by the FM today. [caption id="attachment_88799" align="aligncenter" width="853"] ITR & Tax Audit Due date for FY 2019-20 extended[/caption] This was much required relief for the taxpayers. Some other relief was:

• Change in definition of MSME
• Reduction of TDS/TCS Rates for non-salaried persons by 25%
• Date of making payment in Vishwas Scheme Extended