DUE TO THE OUTBREAK OF NOVEL CORONA VIRUS, THE GOVERNMENT HAS FURTHER EXTENDED THE DATES FOR VARIOUS COMPLIANCES UNDER THE INCOME TAX ACT, 1961 (IT Act) AND VARIOUS OTHER SPECIFIED ACTS** BY NOTIFICATION NO.35  / 2020, DATED 24 JUNE 2020 AND COMES INTO FORCE FROM 30 JUNE 2020

Sr. No. Particulars Period Actual Due Date Extended Due date
1 Income Tax Return u/s 139 (Revised or Belated Return) AY 2019-20 31st March 2020 31st July 2020 (earlier extension was up to 30th June, 2020)
2 Income Tax Return u/s 139 AY 2020-21 31st July 2020/ 31st October 2020 30th November 2020
3 Self – Assessment (SA) Tax Liability AY 2020-21 On or Before 31st July 202 0/ 31st October 2020 30th November 2020

No interest chargeable under Section 234A, if the SA Tax liability is up-to INR 1 Lakh

4 Tax Audit Report under section 44AB of the IT Act AY 2020-21 30th September, 2020 31st October, 2020
5 Deduction available under Chapter VI A, in heading B (e g., 80C, 80D, 80G etc.) AY 2020-21 31st March 2020 Investments / payments can be made up-to 31st July 2020 (earlier extension was up to 30th June, 2020)
6 Capital Gain Exemption u/s 54 to 54GB AY 2020-2 1 Due dates as per Income Tax Act Investments / payments /construction can be made up-to 30th September 2020 (earlier extension was up to 30th June, 2020)
7 Furnishing of TDS/ TCS Statement (Returns) Q4 of AY 2020-2 1 31st May 2020 31st July 2020 (earlier extension was up to 30th June, 2020)
8 Issuance of TDS/ TCS certificate AY 2020-2 1 15th June 2020 15th August 2020 (earlier extension was up to 15th July, 2020)
9 Linking of Aadhar with PAN 30th June 2020 31st March 2021
10 Payment under Vivad se Vishwas Act, 2020 31st March 2020 31st December 2020 (earlier extension was up to 30th June, 2020)
11 Commencement of Operation for Special Economic Zone units under section 10AA of the IT Act 31st March 2020 30th September 2020 (earlier extension was up to 30th June, 2020)
12 Matters other than
specifically provided:a. Completion of any proceeding or passing of any order or issuance of any notice, intimation, notification, sanction or approval or such other action, by whatever name called, by any authority, commission or tribunal, by whatever name called, under the provisions of the specified Act; orb. Filing of any appeal, reply or application or
furnishing of any report, document, return, statement or such other
record, by whatever name called, under the provisions of the specified Act
Deadline falling between 20th March 2020 and 31st

December 2020

31st March, 2021

Specified Act means

– The Wealth-tax Act, 1557;
– The Prohibition of Benami Property Transaction Act, 1988;
– Chapter VII of the Finance (No.2) Act, 2004;
– Chapter VII of the Finance Act, 2013;
– The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015; – Chapter VIII of the Finance Act, 2016; or
– The Direct Tax Vivad se Vishwas Act, 2020

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4 Comments

  1. PMR.Gowrissankar says:

    whether date etended for filing appeal with CIT Appeal for the rejection of order of petition filed u/s 154 nd also to tribunal against apeeal oders received in june2020?

  2. PMR.Gowrissankar says:

    what is the time limit for filing appeal with CIT (Appeals) for rejetion of petition u/s154 by CPC and further appeal to Tribunal by the assessee?

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