B J S And Associates

Revised, Belated Income Tax Returns For FY 2018-19 Extended to September 30, 2020

The government has formally extended the date to file belated and revised income tax returns for the financial year 2018-19, to September 30, 2020 from the earlier date of July 31, 2020. The Central Board of Direct Taxes (CBDT) issued a notification to the effect dated July 29. Prior to this, the government had extended the deadline to file belated income tax return (ITR) for FY 2018-19 twice. 

First, from the original deadline of March 31, 2020 to June 30, 2020, and then to July 31, 2020. Worth mentioning here is that if an individual does not file the belated ITR, if due, by the deadline (i.e., Sept 30, 2020), then he/she will not be able to file the income tax return for the financial year 2018-19. 

One can also file a revised ITR for FY2018-19 within this deadline. A revised return is filed to correct mistakes made, if any, in the original tax return filed earlier. 

However, the last date to file income tax return for the previous financial year FY2019-20 (AY 2020-21) is November 30, 2020, as against the normal deadline of July 31. 

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