The Central Board of Direct Taxes (CBDT) has notified Income Tax Return (ITR) forms 1 to 7 for taxpayers for filing returns for assessment year FY 2020-21.
The new notification announces rule changes in the Income Tax Rules 2020. Taxpayers including individuals, Hindu undivided family, professionals and businesses, will now be able to avail benefits of savings or investments made from April 1 to June 30.
Find the full CBDT notification below:
[gview file=”https://www.ideationadvisory.in/files/IT-returns-forms-1-to-7-for-AY-2020-21-notified.pdf”]
Due date of all income tax returns for FY20 has been extended to November 30 from July 31 and October 31. The tax audit deadline has also been extended by a month to October 31.
Source: Income Tax India