jvratnam (Others) (109 Points)
27 May 2020I am a senior citizen and all senior citizens ,i ,understand are exempt from payment of quarterly advance tax on the
income earned during the quarter and are permitted to pay self assessment tax at the time of filing ITR.
Please advise for FY 19-20 , whether he same is valid and if so i can pay self assessment tax for Fy 19-2-at the time of filing ITR for AY 2020-21. I .E 31 st OCT 2020, due date for filing
I have no business income and income is from deposits and house rental income.
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 27 May 2020
jvratnam
(Others)
(109 Points)
Replied 28 May 2020
sir,
When date is extended till 30-11-2020, it does not appear to be fair for making payment of self assessment tax by 31-07-2020..
Extension to file ITR means, extension of self assessment tax payment also covered. Is there any clarification on this as it has
financial implication for the assesses..I have to break a deposit if i have to pay by 31-07-2020.
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 28 May 2020
filing within the original due date of 31.07.2020 as interest u/s 234A shall be applied in case of filing after that. Extended due date is 30.11.2020 for FY 2019-20
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 29 May 2020
CAclubindia
