The Income Tax due date has been extended due to COVID-19 to provide relief to tax payers by Central Board of Direct Taxes (CBDT). The income tax due date calendar is as follows-:
| Compliance Particulars | Due Dates | Revised Due Dates |
|---|---|---|
| Filing of original return for the AY 2019-20 u/s 139 (1) | 30-07-2020 | 30-09-2020 |
| Filing of belated return for the AY 2019-20 u/s 139 (4) | 30-06-2020 | 30-09-2020 |
| Filing of revised return for the AY 2019-20 u/s 139 (5) | 30-06-2020 | 30-09-2020 |
| TDS/ TCS Return for quarter ending 31.03.2020 (Q4 of F.Y. 2019-20) for Government Offices | 30-06-2020 | 15-07-2020 |
| TDS/ TCS Return for 31.03.2020 (Q4 of F.Y. 2019-20) quarter | 30-06-2020 | 31-07-2020 |
| Date of issuance of TDS certificate to employees in form 16A and other in form 16 | 15-07-2020 | 15-08-2020 |
| Investments for claiming deduction under Chapter-VIA-B of the IT Act which includes section 80C, 80D, 80G etc. for the A.Y. 20-21 i.e. F.Y. 19-20 | 30-06-2020 | 31-07-2020 |
| Investment/ construction/ purchase for claiming roll over benefit/ deduction in respect of capital gains under sections 54 to 54GB | 30-06-2020 | 30-09-2020 |
| Furnishing of Form 24G by an office of the Government for the month of: February 2020, March 2020, April to November 2020 | 15-03-2020 30-04-2020 Within 15 days from the end of the month | 15-07-2020 15-07-2020 31-03-2020 |
| New procedure for registration, approval or notification entities under u/s 10(23C), 12AA, 35 and 80G | 01-06-2020 | 01-10-2020 |
| Form 24QB, 24QC and 24QD of February and March 2020 (Section 200 read with Rule 31A or Section 206C read with Rule 31AA) | 30-03-2020 30-04-2020 | 30-06-2020 |
| Date of filing of declaration and payment of tax under VIVAD SE VISHWAS | 30-06-2020 | 31-12-2020 |
Read More: Income Tax Return due date of AY 2019-20 extended
Due date falling between 20-03-2020 to 31-12-2020 for any of the following actions, except mentioned above, under the the Wealth-Tax Act, 1957, Income-tax Act, 1961, Prohibition of Benami Property Transactions Act, 1988, Chapter VII of Finance (No. 2) Act, 2004 (dealing with Securities Transaction Tax), Chapter VII of Finance Act, 2013 (dealing with Commodities Transaction Tax), Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, Chapter VIII of Finance Act, 2016 (dealing with Equalisation Levy) and Direct Tax Vivad se Vishwas Act, 2020 by any Authority, Commission or Tribunal, has been extended to 31-03-2021-:
- passing order
- issuance of notice, intimation, notification, sanction or approval
- completion of proceedings
- any other action
- filing of appeal, reply, application
- furnishing of reports, document, return, statement or any such record
Due date falling between 20-03-2020 to 31-12-2020 for any of the following actions has been extended to 31-03-2021, except mentioned above, under: the Wealth-Tax Act, 1957, Income-tax Act, 1961, Prohibition of Benami Property Transactions Act, 1988, Chapter VII of Finance (No. 2) Act, 2004 (dealing with Securities Transaction Tax), Chapter VII of Finance Act, 2013 (dealing with Commodities Transaction Tax), Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 Chapter VIII of Finance Act, 2016 (dealing with Equalisation Levy) and Direct Tax Vivad se Vishwas Act, 2020 by the Taxpayers and/or Authority:
- filing of appeal, reply, application
- furnishing of reports, document, return, statement or any such record
Read More: Income Tax Rate For AY- 2020-2021/ FY- 2019-2020
Important Notifications issued under Income Tax
| Sl. No. | Particulars of the Notification | File No. / Circular No. |
|---|---|---|
| 1 | One-time relaxation for Verification of tax-returns for the Assessment years 201S-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non-filing of ITRV form and processing of such returns – reg. | Circular No. 13/2020/ F. No. 225/59/2020/ITA-1I |
| 2 | Clarification in relation to notification issued under clause (v) of proviso to section 194N of the Income-tax Act, 1961 (the Act) prior to its amendment by Finance Act, 2020 (FA, 2020)-Reg | Circular No.14/2020 F. No. 370142/27/2020-TPL |
| 3 | Notification of Sovereign Wealth Fund under section to(23FE) of the Income-tax Act, 1961 | Circular No. 15 of 2020 F No 370142/26/2020-TPL |
| 4 | Income-tax (16th Amendment) Rules, 2020 | Notification No. 43/2020/F. No. 370142/11/2020-TPL |
| 5 | Notification of Harmonised Master List of Infrastructure Sub-sectors for the purposes of section 10(23FE) of the Income-tax Act, 1961 | Notification No. 44/2020/F. No. 370142/24/2020-TPL |
| 6 | The National Pension Scheme Tier II- Tax Saver Scheme, 2020. | Notification No. 45 /2020/F. No.370142/26/2019-TPL |
| 7 | ‘National Aviation Security Fee Trust’ (PAN AADTN2508F) | Notification No. 46 /2020/F. No. 300196/07/2020-ITA-I |
| 8 | Notification u/s 138 (1)(ii) of the Income-tax Act, 1961 under PM-KISAN Yojana | F. No. 225/49/2019-ITA.II Notification No. 51 /2020 |
| 9 | Notification u/s 138 of the Income-tax ACt,1961 in respect of Intelligence Bureau, Cabinet Secretariat, National Investigation Agency and Narcotics Control Bureau | F. No. 225/53/2020-IT A.II Notification No. 52 /2020 |
| 10 | Income-tax (17th Amendment) Rules, 2020. | Notification No. 54/2020/F. No. 370142/22/2020-TPL |
| 11 | Income-tax (18th Amendment) Rules, 2020. | Notification No. 55/2020/ F. No.142/22/2015-TPL |
| 12 | TAXATION AND OTHER LAWS | Notification No. 56/2020/ F. No. 370142/23/2020-TPL |
The author of the above article is CS Lalit Rajput, Partner at Xcede Consultech LLP.
Email id: [email protected]
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