Due date of TDS return and other compliances has been extended


Relaxation of Certain provisions and compliance's under Income Tax Act

As we know in view of the spread of pandemic COVID-19, our government has given many relief from time to time to taxpayer’s whether in terms of due date extension, payment of tax, filing of returns and other compliance's for the benefit of taxpayer. 



In view of this, the government has issued the “THE TAXATION AND OTHER LAWS (RELAXATION OF CERTAIN PROVISIONS) ORDINANCE, 2020” dated 31.03.2020 to give relaxation of certain provision including extension of time limit, in the taxation and other laws. 

After that, for considering the issues faced by the taxpayer’s the government has issued new Notification-35/2020 date 24.06.2020 to amend the Sub Section (1) of Section 3 of The Taxation and Other Laws (Relaxation Of Certain Provisions) Ordinance, 2020 for further reliefs.

Further new Notification 56/2020 dated 29.07.2020 has amend the extended due date of  Income tax return for the FY 2018-19

We are explained the various relaxation given Under the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 and the amended provision under Notification 35/2020 and Notification 56/2020 for quick review:


Provision and Compliance

Period

Due date as per Ordinance

Due date as per Notification


Completion of any proceeding or passing of any order or issuance of any order, intimation, notification, sanction or approval or such other action, by whatever name called, by any authority, commission or tribunal

As per the ordinance

20-03.2020 to 29.06.2020

 

As per the Notification

20-03.2020 to 31.12.2020

 

 


30.06.2020






31.03.2021



Filing of any appeal, reply or application or furnishing of any report, document, return, statement or such other record

As per the Ordinance

20-03.2020 to 29.06.2020

 

As per the Notification

20-03.2020 to 31.12.2020

 



30.06.2020






31.03.2021

Making of investment, deposit, payment, acquisition, purchase, construction or such other action, by whatever named called for the purpose of claiming deduction, exemption or allowance under the provision :

Section 54 to 54GB

Section 10AA

 

Chapter VI A

(80C, 80D, 80G etc.)

 

As per the  Ordinance

20-03.2020 to 29.06.2020

 

 As per the Notification

20-03.2020 to 29.09.2020

As per the  Notification

20-03.2020 to 30.07.2020

 


30.06.2020

 

  

 

 

 

 

  


30.09.2020

 

 

  

31.07.2020

Due date for payment of any amount towards tax and levy:

-TDS, TCS, Equalisation levy, STT, CTT

-Advance tax

 

 

 

20-03.2020 to 29.06.2020

 

 

30.06.2020

(See note below)

 

 

No extension

Income tax Return

Original

Revised


FY 2018-19


30.06.2020


31.07.2020(notification 35/2020)

30.09.2020(notification 56/2020)

Income tax Return

Original

Revised


FY 2019-20


31.07.2020


30.11.2020

TDS Return

Salary(24Q)

Non-Salary(26Q)

Non-resident(27Q)


Jan’20-Mar’20

Q-4 FY 2019-20


30.06.2020


31.07.2020

TDS Return

Salary(24Q)

Non-Salary(26Q)

Non-resident(27Q)

 


April’20-June’20 &

July’20-Sep’20



-



31.03.2021

TDS Certificate

Form 16 A

April’20-June’20 &

July’20-Sep’20

-


15.04.2021

TDS Certificate

Form-16

Form 16 A

 

FY 2019-20

Jan’20-Mar’20

 

30.06.2020

15.07.2020

 

15.08.2020

15.08.2020 

TCS Return

Jan’20-Mar’20

30.06.2020

31.07.2020

TCS Certificate

Jan’20-Mar’20

30.06.2020

15.08.2020

Tax Audit report

FY 2019-20

30.06.2020

31.10.2020

Note:

  • Interest under section 234 A: The waiver of interest u/s 234 A up to the extended due date i.e. 30.11.2020 shall not be apply if the tax on total income exceed Rs.1 Lakh.
  • TDS for March 2020, April 2020 and May 2020 needs to be paid by June 30, 2020 to avail the benefit of reduced interest liability of 0.75% p.m. instead of 1.5% p.m. Once the period of June 30 expires, all the normal provisions of the Income tax Act shall apply. 
  • Self assessment tax paid under section 140A till 31 July 2020 shall be deemed to be Advance Tax for calculation of interest under section 234A(as per notifications 56/2020)


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