Due Dates Extended by the CBDT (CENTRAL BOARD OF DIRECT TAXES) on 24th June 2020 due to the outbreak of COVID-19

1) Income Tax Return (ITR):-

• FOR F/Y 2018-19 (A/Y 2019-20)
  • The time for filing of original as well as revised Income Tax Returns has been extended to 31^st July, 2020.
• FOR F/Y 2019-20 (A/Y 2020-21)
  • Due date for Income Tax Return has been extended to 30^th November, 2020.
  • Hence, the returns of income which are required to be filed by 31^st July, 2020 and 31^st October, 2020 can be filed upto 30^th November, 2020.
  • Consequently, the date for furnishing Tax Audit Report has also been extended to 31^st October, 2020.

2) Self Assessment Tax:-

• Waiver of self-assessment tax Interest U/s 234A for the F/Y 2019-20 (A/Y 2020-21) in the case of a taxpayer whose self-assessment tax liability is upto Rs. 1 lakh.

3) Deduction Under Chapter VIA-B:-

• The date for making various investment/ payment for claiming deduction under Chapter-VIA-B of the IT Act which includes section 80C, 80D (Mediclaim), 80G (Donations) etc. has also been extended to 31st July, 2020.
• Hence the investment/ payment can be made upto 31^st July, 2020 for claiming the deduction under these sections for FY 2019-20 (A/Y 2020-21).

4) Investment to save Capital Gain Tax:-

• The date for making investment/ construction/ purchase for claiming roll over benefit/ deduction in respect of capital gains under sections 54 to 54GB of the IT Act has also been extended to 30^th September, 2020.
• Therefore, the investment/ construction/ purchase made up to 30^th September, 2020 shall be eligible for claiming deduction from capital gains for FY 2019-20 (A/Y 2020-21).

5) TDS/TCS Return:-

• Due Date for filing of TDS/TCS Return for Quarter-4 of F/Y 2019-20 (A/Y 2020-21) extended to 31^st July 2020, also for issuing of form 16/16A extended to 15^th August 2020.

6) Aadhaar Linking with PAN:-

• The date for linking of Aadhaar with PAN extended to 31^st March 2021.