NEW DELHI : The income tax department today announced that it is revising income tax return (ITR) forms so that taxpayers can avail benefits of relief measures given by the government due to coronavirus lockdown. "In order to enable income taxpayers to avail full benefits of various timeline extensions granted by the Government of India due to Covid-19 pandemic situations, the CBDT is revising the return forms for FY 2019-20 (Assessment Year 2020-21) which shall be notified by the end of this month," the finance ministry said in a release.
It said the revised forms would allow taxpayers to enjoy benefits of their transactions carried out during 1 April 2020 to 30 June 2020.