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ITR filing for FY2019-20 deadline may be extended..

FY2019-20 ITR filing deadline may be extended as Form 16 deadline put off to June 30, 2020.

Various income tax-related deadlines for the taxpayers are extended to June 30, 2020 via an ordinance dated March 31, 2020 by the govt thanks to the impact of the corona virus lock-down. As per most chartered accountants the deadline for employers to issue the TDS certificate i.e. Form 16 for FY 2019-20 to employees also extended to June 30, 2020.

It would be difficult for workers to file their tax returns by July 31, the traditional deadline for many individuals to file ITRs, if they get their salary TDS certificates as late as June 30. Consequently, it's likely that the deadline of July 31 to file ITRs would even be extended. This has also been the trend whenever the deadline to issue Form 16 has been extended in past years.


As per tax laws, the last date for filing TDS returns for an employer is May 31 and Form 16 has got to be issued latest by June 15, unless the date is extended by the govt. Therefore, before the extension of deadlines, for FY 2019-20, the deadline for filing TDS returns for employers was May 31, 2020 and therefore the date of issuing Form 16 was June 15, 2020.

Last year also, the govt had extended the last date for filing TDS returns for FY 2018-19 to June 30, 2019 and deadline to issue Form 16 to July 10, 2019. An extension of those deadlines last year led to extension of the ITR filing deadline for FY 2018-19 to August 31, 2019.
"Please read the ordinance here"
As per the Ordinance gone by the govt on 31 March 2020, where the maturity for filing of any appeal, reply, or application or furnishing of any report, document, return, statement or such other record, by whatever name called, under the provisions of the required Act falls during the amount from the 20 March 2020 to 29 June 2020, an equivalent shall stand extended to 30 June 2020 or such other date after 30 June 2020, because the central government may, by notification, specify during this behalf. Therefore, the maturity for filing of TDS return by the employer (Form 24Q) for Quarter 4 of the FY 2019-20 and issue of Form 16 to the workers for FY 2019-20 shall be deferred to 30 June 2020.

On a clear reading of the ordinance, date for filing a TDS return and issuing Form 16 for the fiscal year 2019-20 seem to possess been extended to June 30th.


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