Tax filing deadline extended. That doesn t mean relief from interest penalties
July, 24th 2021
To provide relief to the taxpayers amid the covid-19 pandemic, the government has extended till 30 September the deadline for filing income tax returns (ITR) for FY20-21.
However, this doesn’t provide relief from the penal interest charges which a taxpayer is supposed to pay in case there is an outstanding tax liability whether under self-assessment tax or advance tax.
