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Finance Minister Nirmala Sitharaman has afresh continued the borderline for filing belated and revised assets tax acceptance for FY 2018-19 from March 31, 2020, to June 30, 2020. Additionally, March, April and May GST acceptance filing borderline has additionally been continued to June 30, 2020.



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Commenting on this, Abhishek A Rastogi, Partner, Khaitan & Co, says, “While it will accommodate some abatement to taxpayers, this may not be abundant in case the bearings worsens. The government will accept to again proactively anticipate about added measures as able-bodied so that adapted adapted annual is anesthetized on to businesses.” He added says, “Partial adjournment of tax payments can be a acceptable band-aid so that the businesses can abide to pay their employees. This adjournment could be fractional and based on the about-face of companies.”



If you are one of those taxpayers who are yet to book your assets tax acceptance for the year 2018-19, you can do it online. The online filing, additionally accepted as e-filing, is a acceptable way for taxpayers to book allotment from the borders of their home. Also, as ITR 1 is now pre-filled, you should cross-check your details.



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There are usually two means by which you can book your ITR online.

Here is one way how you can book your ITR online:

1. Log in to the Assets Tax Department aperture – incometaxindiaefiling.gov.in to book allotment online. You charge to be a registered user here.2. Register yourself application PAN, which will serve as the user ID.3. Afterwards you log in to your account, baddest the filing of assets tax acceptance option.4. Once you are re-directed to a new page, baddest the appraisal year from the dropdown menu, again baddest ITR anatomy cardinal 1, filing blazon – aboriginal or revised return.5. Next baddest the acquiescence mode, ‘prepare and abide online’.6. Afterwards that baddest the pre-validated coffer account, area you appetite to accept the assets tax acquittance if you are acceptable for any.

Here is the added adjustment to book your ITR online:

1. Log in to the Assets Tax Department aperture – incometaxindiaefiling.gov.in to book allotment online.2. Download the adapted ITR excel form3. Put in your advice and added capacity in the anatomy afterwards it is downloaded.4. Compute all accordant tax details, afore filing. This footfall can be skipped if you do not accept a tax liability.5. Affirm your capacity entered by you afore proceeding.6. Next accomplish an XML file, which needs to be uploaded.7. Now to abide the form, go the e-filing website and upload the XML file, and bang on the ‘Submit Return’ option.8. Next, to affirm ITR verification, a acceptance bulletin acceptance the achievement of e-filing will be apparent on your screen. The acceptance anatomy (ITR-Verification) will be generated and can be downloaded. The acceptance anatomy is additionally mailed to the tax payer’s registered email id.9. Taxpayers can e-verify their allotment through either net banking, coffer ATM, Demat annual number, registered adaptable number, Aadhaar OTP, coffer annual number, and e-mail ID.

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Last Updated: May 5th, 2020 by admin
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