New Delhi: The Finance Ministry today annonunced extension of the March 31 deadline of filing income taxes till June 30 in wake of Covid-19 pandemic.
Addressing a press conference, Finance Minister Nirmala Sitharaman said that the last date for the income tax return for the Financial Year 18-19 has been extended to June 30, 2020.
The interest rate for delayed payment has been reduced from 12 per cent to 9 per cent, she said.
The decision was taken by the Ministry after various entities requested to extend the ITR filing date amid a lockdown in the country due to the rapid spread of coronavirus.