Income Tax Due date Compliance Calendar for July 2020
The Income Tax due dates has been extended due to COVID-19 to provide relief to tax payers by Central Board of Direct Taxes (CBDT).
Income Tax Calendar
|Compliance Particulars||Due Dates||Revised Due Dates|
|Filing of original return for the Assessment Year 2019-20 u/s 139 (1)||30-06-2020||31-07-2020|
|Filing of belated return for the Assessment Year 2019-20 u/s 139 (4)||30-06-2020||31-07-2020|
|Filing of revised return for the Assessment Year 2019-20 u/s 139 (5)||30-06-2020||31-07-2020|
|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)||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: |
–April to Nov 2020
Within 15 days from the end of the month
|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 |
|Date of filing of declaration and payment of tax under VIVAD SE VISHWAS||30-06-2020||31-12-2020|
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
PAN-Aadhaar linking 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.
- TDS and TCS Rates Chart – Examples of how to calculate TDS for FY 2020-21
- Annual Information Statement (AIS) in Income Tax- What new changed in Form 26AS?
- ITR-1 Sahaj: Who can file it | Who cannot | How to file ITR 1 online?
- ITR 4 Sugam – Who can file | Who cannot file ITR 4 | How to file ITR 4?
The author of the above article is CS Lalit Rajput, Partner at Xcede Consultech LLP.
Email id: [email protected]
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