Govt Defers Timelines For Filing Various Tax Compliances, ITR Till May 31

The Central Board of Direct taxes has extended the timelines for various tax compliances and for filing Income Tax Returns for the 2019-20 fiscal till May 31. Citing the burgeoning COVID-19 situation, the timelines for filing belated returns, ITR, objections to dispute resolution panel and appeals to commissioners were deferred. While the extension decision came after requests by tax consultants and stakeholders, experts suggest further deferment if situation exists.