ITR forms revised by IT Dept to make taxpayers avail benefits of timeline extension

April 20: Central Board of Direct Taxes on Sunday said that it has revised income tax return (ITR) forms so that the income taxpayers can avail full benefits of various timeline extensions given by the government amid coronavirus crisis.

The return filing utility after including the necessary revisions would be made available by May 31 to get benefits. “Once the revised forms are notified, it will further necessitate the consequential changes in the software and return filing utility. Hence, the return filing utility after incorporating necessary changes shall be made available by 31st May, 2020 to avail benefits for FY 2019-20,” the CBDT also said.

Due to outbreak of Covid-19, the government has extended various timelines under the Income-tax Act, 1961 vide Taxation and Other Laws (Relaxation of certain provisions) Ordinance, 2020.