Income Tax Due date calendar for September 2020

income tax due date

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).

Income tax due date

  Compliance Particulars  Due DatesRevised Due Dates
Filing of original return for the Assessment Year 2019-20 u/s 139 (1)30-07-202030-09-2020
Filing of belated return for the Assessment Year 2019-20 u/s 139 (4)30-06-202030-09-2020
Filing of revised return for the Assessment Year 2019-20 u/s 139 (5)30-06-202030-09-2020
Investment/ construction/ purchase for claiming roll over benefit/ deduction in respect of capital gains under sections 54 to 54GB30-06-202030-09-2020
Furnishing of Form 24G by an office of the Government for the month of: April to November 2020Within 15 days from the end of the month  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
Tax audit report for FY 2019-20 –31-10-2020
The date for commencement of operation for the SEZ units for claiming tax holiday –30-09-2020
Instalments of Advance Tax for the Assessment year 2021-2215-09-202015-09-2020

Important Income Tax updates

​​1. PAN-Aadhaar For more click hereing deadline FURTHER extended to beyond June, 2020

The due date for linking of PAN with Aadhaar as specified under sub-section 2 of Section 139AA of the Income-tax Act,1961 has been extended from 31st December, 2019 to 31st March, 2020 and further extended to 31st March, 2021 due to COVID – 19 outbreak.

2. In line with the circular number 13/2020, e-Verification of Return data of AY 2015-16, 2016-17, 2017-18,2018-19 and 2019-20 has been re-enabled upto 30-September-2020 for taxpayers who could not verify the Return data within the stipulated timelines. Process to e-Verify — Post Login > My Account > e-Verify Return Data of Previous Years > Click ‘e-Verify’ > Select the verification option and verify the Return Data. To view Circular 13/2020, Click here

3. ITR 1, ITR 2, ITR 3, ITR 4 and ITR 5 for AY 2020-21 is available for e-Filing.

4. This year ITR-1 form has introduced schedule DI to provide details of the tax-saving investments made in the extended period till July 31, 2020. To avoid payment of excessive tax, it is advisable that you should fill the information in the required columns.

Read Also: 12 New transactions in New 26AS making disclosure of total 25 transactions

5. For NRI investors, 20% plus surcharge and cess is withheld. However, tax will be assessed on the basis of documents submitted to avail tax treaty benefit under DTAA.

6. Income tax return filing deadline for FY 2019-20 extended to November 30, 2020

As per the government announcement via a press conference, “Due date for all income-tax return for FY 2019-20 will be extended from July 31, 2020, and October 31, 2020, to November 30, 2020, and tax audit from September 30, 2020 to 31st October 2020.”

  • The government has also reduced the TDS rates applicable for non-salaried payments.
  • To provide more funds to taxpayers, TDS for non-salaried specified payments made to residents and rates of TCS for specified receipts shall be reduced by 25%.

Read Also: TDS on Salary : How to calculate TDS on salary as per section 192 of Income Tax


The ‘Transparent Taxation – Honoring The Honest’ platform will initiate major tax reforms aimed at bringing transparency in income tax systems and empowering taxpayers. It has also been focussing on simplification of direct tax laws and increasing transparency in communication. A major step in this regard was the introduction of Document Identification Number (DIN) wherein every communication of the department would carry a computer generated unique document identification number.

Key Announcements in the PM Speech

  • Taxpayers’ Charter
  • Faceless Assessments to be made effective from 13.08.2020
  • Faceless Appeals to be made effective from 25.09.2020
  • Extending Scope of SFT (notification to be issued)

Statutory Orders to give effect of PM announcements

  • Order u/s 119 dt 13.08.2020 Power of survey u/s 133 A
  • Order u/s 119 dt 13.08.2020 Faceless Assessment
  • Transfer order dt 13.08.2020 wherein number of field officers transferred under NeAC

Key highlights of Faceless assessments / faceless appeals

  • Faceless assessment will be effective from 13 August 2020.
  • Faceless income tax appeal will be effective from 25 September 2020.

Read Also: Income Tax Rate For AY- 2020-2021/ FY- 2019-2020

Important Income Tax Notifications

Sl. No.Particulars of the Notification(s)File No. / Circular No.Notification For more click here(s)
1.the Income-tax (19th Amendment) Rules, 2020G.S.R. 499(E) Notification no. 58/2020FOR MORE CLICK HERE
2.the Central Government, in consultation with the Chief Justice of the High Court of Bombay, hereby designates the following courts of Magistrates of First ClassS.O. 2682(E) Notification no. 59/2020  FOR MORE CLICK HERE
3.the Central Government has made the major amendments in the E-assessment Scheme, 2019S.O. 2745 (E). Notification no. 60/2020  FOR MORE CLICK HERE
4.the Central Government has made amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Gazette of India, Extraordinary, vide number S.O 3265 (E) dated the 12th September, 2019S.O. 2746(E) Notification no. 61/2020    FOR MORE CLICK HERE
5.amendments in the notification of the Government of India, Ministry of Finance published in the Gazette of India, vide no. S.O. 2753 (E) dated the 22nd October, 2014S.O. 2754(E). Notification no. 62/2020  FOR MORE CLICK HERE
6.amendments in the notification of the Government of India, vide S.O. 2752(E) dated the 22nd October, 2014S.O. 2755(E) Notification no. 63/2020  FOR MORE CLICK HERE
7.the Income-tax Authorities of the National e-Assessment CentreS.O. 2756(E) Notification no. 64/2020FOR MORE CLICK HERE
8.the Income-tax Authorities of Regional e-Assessment CentresS.O. 2757(E) Notification no. 65/2020FOR MORE CLICK HERE
9.Various amendments by Central Board of Direct TaxesS.O. 2758(E) Notification no. 66/2020FOR MORE CLICK HERE
10.the Income-tax (20th Amendment) Rules, 2020.Notification No. 67/2020 F. No. 370142/ 28/2020-TPL  FOR MORE CLICK HERE
11.CORRIGENDUM date 27th August, 2020Notification No. 68/2020/F. No. 187/3/2020 (ITA.-I)FOR MORE CLICK HERE
12.Imposition of charge on the prescribed electronic modes under section 269SU of the Income-tax Act, 1961 – reg.Circular no. 16, F .No .370142/35 /2019-TPL-PtFOR MORE CLICK HERE

Read Also: GST Return Due date Calendar for the month of September 2020

Companies Act, 2013 compliance calendar for September 2020


The author of the above article is CS Lalit Rajput, Partner at Xcede Consultech LLP.
Email id: [email protected]

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