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G.L.N. Prasad (Retired employee.)     23 March 2020

Just search in the website of Income Tax, in addition to what you may require you can learn several things which you may not be aware of.

T. Kalaiselvan, Advocate (Advocate)     23 March 2020

Income  Tax Return (ITR) Filing 2020: The Finance Bill 2020 has extended the due date for filing of return by companies and persons who are required to get their accounts audited. The due date for such taxpayers has been extended from September 30 to October 31 of the Assessment Year. The date has been extended through amendments in Section 139 of the Income Tax Act.

T. Kalaiselvan, Advocate (Advocate)     23 March 2020

Section 139 of the Income Tax Act provides various provisions for filing tax returns. As per Section 139 (1), it is mandatory for every person – be it a company, or a  firm, or a person other than a company, or a firm, whose total income, or the total income of any other person in respect of which he is assessable under the Income Tax Act, during the previous year exceeded the maximum amount which is not chargeable to income-tax – to file return on or before the due date.


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