CBDT Notification No. 35/2020 Revised Income Tax Due Dates
CBDT Notification No. 35/2020 Revised Income Tax Due Dates, Interest on Delayed Payment
Income Tax Revised Due Dates as CBDT Notification no 35/2020 dated 24.06.2020 which includes revised date for ITR, Income Tax Audit, Furnishing of TDS / TCS Statements, Interest on Delayed Payment of TDS, TCS, Advance Tax and SA Tax, Investment for claiming Deduction under Chapter VIA, Capital Gains Exemption under Sections 54 to 54GB, Issuance of TDS / TCS (FORM 16/16A) Certificates, Various Order under Direct Taxes & Benami Law, Vivad Se Vishwas Scheme, 2020, Aadhaar and PAN CARD Linking Date.
Revised Income Tax Due Dates
| All Return | Year |
Due Date (Original) |
Due Date (Revised) |
Remarks |
| Income Tax Returns | A.Y. 2019-20
(F.Y. 2018-19) |
31/03/2020 | 31/07/2020 | Interest shall be levied u/s 234 A, B and C.
♦ No Penalty, however, Fees u/s 234F shall be applicable. |
| A.Y. 2020-21
F.Y. 2019-20 |
31/07/2020
or 31/10/2020 |
30/11/2020 | Section 234A:
♦ If Tax less than 100000, then no Interest u/s 234A ♦ If tax move than `100000, 234A Interest shall be levied Section 234 B&C: Interest shall be levied u/s 234 B and C in all cases |
|
| Income Tax Audit | A.Y. 2019-20
F.Y. 2018-19 |
31/10/2019 | 31/07/2020 | Penalty u/s 271B @ 0.5% of Turnover or `1,50,000/-, whichever is less |
| A.Y. 2020-21
F.Y. 2019-20 |
30/09/2020 | 31/10/2020 | ♦ No Interest if filed within Revised Due Date
♦ No Penalty if filed within Revised Due Date |
|
| Investment for claiming Deduction under Chapter VIA | A.Y. 2020-21
F.Y. 2019-20 |
31/03/2020 | 31/07/2020 | ♦ Section 80C
♦ Section 80D ♦ Section 80G ♦ Section 80E, etc. |
| Capital Gains Exemption u/s 54 to 54GB | As per Relevant Section | 30/09/2020 | Investment / Construction / Purchase made up to 30/09/2020 shall be eligible for claiming Deduction | |
| Furnishing of TDS / TCS Statements | Q4 of
F.Y. 2019-20 |
31/05/2020 | 31/07/2020 | |
| Issuance of TDS / TCS (form 16/16A) Certificates | F.Y. 2019-20 | 15/08/2020 | ||
| Interest on Delayed Payment of TDS, TCS, Advance Tax, other tax. | 9% upto 30/06/2020 | 12% or 18% after 30/06/2020 | ||
| Various Order under Direct Taxes & Benami Law | 31/12/2020 | 31/03/2021 | Includes all Time barring matters like Scrutiny, Appeal, Rectification, Revision, etc. | |
| Aadhaar PAN Linking Date | 30/06/2020 | 31/03/2021 | ||
| Vivad Se Vishwas Scheme, 2020 | 30/06/2020 | 31/12/2020 |
# As per CBDT Notification No.35/2020 the reduced rate of interest of 9% for delayed payment of taxes, levies, etc., shall not be applicable for the payments made after 30/06/2020.
Also, Read: "How To File ITR of Past Years".
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