Due Date extended by CBDT on 24th June 2020

Due Dates Extended by the CBDT (CENTRAL BOARD OF DIRECT TAXES) on 24th June 2020 vide notification No. 35/2020-Income Tax

1. ITR Filing for Financial Year 2018-19: Belated or Revised ITR for Financial Year 2018-19 can be filed by 31^st July 2020. The earlier date was 30^th June 2020.

2. TDS Return Due Date for Q4 of Financial Year 2019-20: 31^st July 2020 earlier it was 30^th June 2020.

3. TCS Return Due Date for Q4 of Financial Year 2019-20: 31^st July 2020 earlier it was 30^th June 2020.

4. Issue of Form 16 for Financial Year 2019-20: 15^th Aug 2020 earlier it was 30^th June 2020.

5. Issue of Form 16A for Financial Year 2019-20: 15^th Aug 2020 earlier it was 30^th June 2020.

6. No Interest u/s 234A: Waiver of interest u/s 234A If the self-assessment tax is up to Rs 1 lakh.

7. Deduction Under Chapter VIA for Financial Year 2019-20: Deduction u/s 80C, 80D, etc can now be made till 31^st July 2020. Earlier it was 30^th June 2020.

8. Tax Audit Due Date for Financial Year 2019-20: The Due date for Tax Audit is 31^st Oct 2020. As Return filing Date is 30^th Nov 2020.

9. Investment u/s 54 & 54GB: The date for taking benefit u/s 54 & 54GB is now extended to 30^th September 2020 for Financial Year 2019-20.

10. Aadhar & Pan Linking Due Date: 31^st March 2021 earlier it was 30^th June 2020. If you don’t link your Aadhar with Pan, Your pan becomes inactive & you may have to pay penalty of Rs. 10,000/-

11. SEZ Operation for claiming benefit u/s 10AA for Financial Year 2019-20: The date has been extended till 30^th September 2020.

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