CBDT has extended the due dates vide Notification No.35 /2020/ F. No. 370142/23/2020-TPL dated 24.06.2020

Crux :-

1) ITR for FY 2018-19 = 31st July 2020

2) ITR for FY 2019-20 = 30th Nov 2020

3) Tax Audit Report FY 2019-20 = 31st Oct 2020

4) Self Assessment Tax liability  ≤ Rs. 1,00,000 = 30th Nov 2020

5) Self Assessment Tax liability > Rs. 1,00,000 = July20, Sep20, Nov20 as the case may be. Any delay in Self Assessment Tax liability attracts interest u/s 234A.

6) Deductions made u/s 80C to 80U = 31st July 2020

7) Deduction of CG u/s 54 to 54GB = 30th Sep 2020

8) Commencement of operation u/s 10AA (SEZ Units) = 30th Sep 2020

9) Q4 TDS/TCS Returns = 31st July 2020

10) Issuing TDS Certificates = 15th Aug 2020

11) PAN Aadhaar Linking = 31st March 2021

12) Vivad Se Vishwas Scheme = 31st Dec 2020

13) Where the date for passing order or issuance of notice under various Direct Tax and Benami Laws expires on 31st Dec 2020, the due dates get extended to 31st March 2021.

14) The reduced rate of interest @ 9% shall not be applicable for the payments made after 30th June, 2020.

15) TDS Rates have been reduced by 25% for the period from 14th May, 2020 to 31st March, 2021 (Excluding TDS on salary).

Disclaimer :- The content of this article is solely for the information purpose only and it does not constitute professional/Legal advice. Neither the Author nor the firm accepts any liability for any loss or damage of any kind arising out of the information available from the above article.


Author Bio

Qualification: CA in Practice
Company: Aanchal Bansal & co.
Location: New delhi, New Delhi, IN
Member Since: 09 Jul 2020 | Total Posts: 3
She is a member of ICAI, Qualified in May 2016 and also a Commerce Graduate from University of Delhi. She is a vibrant yet mature individual and her area of expertise is in GST. Alongwith GST, she is possessing strong fundamental knowledge in Accounting, Auditing, Taxation & Corporate Laws. View Full Profile

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