E-ITR forms updated post the extension of deadline to file ITR – The Economic Times

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  • Last Updated on 28 October, 2020
Aug 01, 2019
 
Chartered Accountant Naveen Wadhwa, DGM, Taxmann.com says:

 
 

“The department has extended the due date for filing of return for the Assessment Year 2019-20 from July 31, 2019 to August 31, 2019 considering the recent extension in due dates for issue of Form 16 and filing of TDS return by employers in new formats. If a person files the return after the due date then he is liable to pay interest under section 234A at the rate of 1% of tax payable. As the due date for filing of return has been extended by 1 month, no interest shall be charged if a taxpayer files his return by August 31, 2019. Accordingly, e-filing utilities have been modified so as not to charge the interest under Section 234A.”

 

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