29/07/2020
Hello Everyone,
For AY 19-20, the date for filing belated as well as revised return has been further extended to 30th September, 2020 from 31st July, 2020 (which was also an extended date).
For AY 20-21, Senior citizens are not required to pay advance tax under section 207.
Whereas, any Self Assessment Tax paid by the pre-extended due date (31st July, 2020 in most cases) to be treated as advance tax. Thus, after this payment if any tax remaining to be paid is less than 1 lakh, then no interest under 234A chargeable.
Thanks & Regards,
Apratim Khemka & Co.
