The government, which usually notifies forms for filing income tax returns by individuals in April every year, on January 3 notified tax return forms for assessment year 2020-21
It said the ITRs filed by individual taxpayers, post the set deadline of August 31, will be considered valid till November 30
The CBDT, which frames policy for the Income Tax Department, issued a circular on Thursday stating exceptions to the new system
There have been demands for an extension in filing ITR date since issuance of tax deducted at source (TDS) statement for 2018-19 fiscal was delayed
Under the new system, Infosys will handle end-to-end solution - from e-filing to return assessment to refund processing
I-T department issued notices to 3,04,000 persons who had deposited cash of more than Rs 1 mn post demonetisation but had not filed their return of income till the due date
Suggests e-filing to assessees for hassle-free processing of annual returns filing exercise