The Central Board of Direct Taxes (CBDT) on Sunday mentioned that it’ll revise the Revenue Tax return types for the monetary 12 months 2019-20 (Evaluation 12 months 2020-21) in an effort to allow taxpayers to avail full advantages of varied timeline extensions granted by the federal government amid the coronavirus pandemic, information company ANI reported.
The revised types might be notified by the top of April, CBDT mentioned.
Final month, the federal government had prolonged the March 31 deadline of submitting earnings taxes until June 30, in wake of COVID-19 pandemic.
The rate of interest for delayed cost has additionally been diminished from 12 per cent to 9 per cent.
The event got here after the central authorities was appealed by varied entities to increase the ITR submitting date amid the lockdown within the nation because of the fast unfold of coronavirus.
The federal government had additionally introduced extension of deadline for PAN-Aadhaar linking from March 31 to June 30, 2020. The date for Vivad Se Vishwas Scheme has additionally been prolonged until June 30.