Extension in various time limits under Direct Tax Due to Covid 19

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Extension in various time limits under Direct Tax Due to Covid 19: COVID-19 pandemic or the Novel Corona Virus is the word of these days and the most scaring word now is ‘positive’. All most every construction industries are feeling the heat of such deadly virus. Construction sector in India was already struggling with multiple challenges like lack of capital, regulatory burden, credit avenues and environmental compliance. Now this Novel Corona virus has added a very noble cause of concern for organizations, workers as well as Governments.

Extension in various time limits under Direct Tax Due to Covid 19

TopicDue date(extended)
Original and revised Income Tax Return for F.Y 2018-1931st July 2020
Income Tax Return for F.Y 2019-20(audited and non audited30th November 2020
Tax Audit Report for F.Y 2019-20 31st October, 2020
Payment of self assessment tax having self assessed tax liability upto Rs. 1 lakh30th November 2020
No extension in due date of payment of self assessment tax having self assessed tax liability more than Rs. 1 lakh and delayed payment would attract interest under section 234A as per IT Act
Various payments for claiming deduction under Chapter-VIA-B (section 80C , 80D , 80G) of the IT Act for FY 2019-20

  • time limit for the completion or compliance
  • date for making the said completion or compliance
  • 30th July 2020
  • 31st July 2020
Various investment/ construction/ purchase for claiming benefit/ deduction in respect of capital gains under sections 54 or 54GB of the IT Act

  • time limit for the completion or compliance
  • date for making the said completion or compliance
  • 29th September, 2020
  • 30th September, 2020
Vivad se Viswas

  • time limit for the completion or compliance
  • date for making payment without additional amount
  • 30th December, 2020
  • 31st December, 2020
Date for furnishing of TDS/ TCS statements for F.Y 201-2031st July 2020
Date of issuance of TDS/ TCS certificates pertaining to the FY 2019-2015th August, 2020
PAN Aadhaar linking31st March, 2021
Date for passing of order or issuance of notice by the authorities and various compliances under various Direct Taxes & Benami Law31st March, 2021
Date for commencement of operation for the SEZ units received necessary approval by 31st March, 2020 for claiming deduction under section 10AA of the IT Act.30th September, 2020

Official Notification for Extension of Due Dates

S.O. 2033(E).– In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (2 of 2020) (hereinafter referred to as the Ordinance), the Central Government hereby specifies , for the purposes of the said sub-section (1),-

  • (i) the 31st day of December, 2020 shall be the end date of the period during which the time limit specified in, or prescribed or notified under, the specified Act falls for the completion or compliance of such action as specified under the said sub-section; and
  • (ii) the 31st day of March, 2021 shall be the end date to which the time limit for completion or compliance of such action shall stand extended:

Provided that where the specified Act is the Income-tax Act, 1961 and the compliance relates to-

(i) furnishing of return under section 139 thereof, for the assessment year commencing on the –

  • (a) 1 st day of April, 2019, the end date shall be extended to the 31st day of July, 2020;
  • (b) 1 st day of April, 2020, the end date shall be extended to the 30th day of November, 2020;

(ii) delivering of statement of deduction of tax at source under sub-section (2A) of section 200 or statement of collection of tax at source under sub-section (3A) of section 206C thereof for the month of February or March, 2020, or for the quarter ending on the 31st day of March, 2020, as the case may be, the end date shall be extended to the 15th day of July, 2020;

(iii) delivering of statement of deduction of tax at source under sub-section (3) of section 200 or statement of collection of tax at source under proviso to sub-section (3) of section 206C thereof for the month of February or March, 2020, or for the quarter ending on the 31st day of March, 2020, as the case may be, the end date shall be extended to the 31st day of July, 2020;

(iv) furnishing of certificate under section 203 thereof in respect of deduction or payment of tax under section 192 of that Act for the financial year 2019-20, the end date shall be extended to the 15th day of August, 2020; (v) section 54 or 54GB referred to in item (I) of sub-clause (i) of clause (c) of sub-section (1) of section 3 of the Ordinance or sub-clause (ii) of the said clause, the end date in respect of the time limit for the completion or compliance and the end date for making the said completion or compliance, shall be the 29th day of September, 2020 and the 30th day of September, 2020 respectively; (vi) any provisions of Chapter VI-A under the heading “B.- Deductions in respect of certain payments” thereof, referred to in item (I) of sub-clause (i) of sub-section (1) of section 3 of the Ordinance, the end date in respect of the time limit for the completion or compliance and the end date for making the said completion or compliance, shall be the 30th day of July, 2020 and the 31st day of July, 2020 respectively; and (vii) furnishing of report of audit under any provision thereof for the assessment year commencing on the 1st day of April, 2020, the end date shall be extended to the 31st day of October, 2020:

Provided further that the extension of the date as referred to in sub-clause (b) of clause (i) of the first proviso shall not apply to Explanation 1 to section 234A of the Income-tax Act, 1961 in cases where the amount of tax on the total income as reduced by the clauses (i) to (vi) of sub-section (1) of the said section exceeds one lakh rupees :

Provided also that where the specified Act is the Direct Tax Vivad se Vishwas Act, 2020, the 30th day of December, 2020 shall be the end date of the period during which the time limit specified in, or prescribed or notified thereunder falls for the completion or compliance of the action and the 31st day of December, 2020 shall be the end date to which the time limit for completion or compliance of such action shall stand extended.

2. This notification shall come into force from the 30th day of June, 2020.

[Notification No.35 /2020/ F. No. 370142/23/2020-TPL] NEHA SAHAY, Under Secy. (Tax Policy and Legislation Division) Know more about Extension in various time limits under Direct Tax Due to Covid 19.

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21 Comments
  1. bharti says

    Is PF annual return required even today?

  2. Parag Sawan Mahajan says

    Very good explanation

  3. dimple says

    Is it compulsory for every organisation to furnish monthly return of pf

  4. PREM KAPOOR says

    Under the PF provisions, a grace period of 5 days had been given under some notification or circular. The effective due date thus worked out to 20th of each month. Please let us know from which date the grace period allowed has been withdrawn.
    Similarly in case of ESI also, we understand, the due date was 15th of each month and a grace period of 6/7 days was allowed under some notification. Pl advise if the grace period under ESI has also been withdrawn and if so then from which date. An early clarification is requested.

    1. mahi says

      until may month, the payment due date is 21st of next month.
      for June month, the payment due date will be 15th of July.
      June onward, due date is 15th of next month.

  5. Amar says

    Advance Income tax due date are same for corporate and non corporate from this year.

  6. Sathish says

    Is PF annual return required even today?

    1. atul says

      please reply anyone

  7. saatwik says

    respected sir ,
    please update your info of 15g/15h due dates
    as the dates are changed from now onwards

  8. Rajesh says

    Very useful information for employees working in account and HR departments.

  9. Sandesh says

    what is the Due Date for ESI & PF at Present ?

    1. Rakesh says

      change of due dates not the right decision. First the govt. must release the order, the payment to contractor for the services provided by them to any Govt./Public sector will be cleared by the service receiver organization with the amount of EPF/ESI employers contribution to deposit in respective account well before the last date. The govt. releases payments to contractor after 2-3 month later and expecting from contractor to deposit such statutory dues in time . Is that possible ? no. There must be circular on this statutory payments. Without getting payments from Govt. how the contractor can take the burden to deposit from his own pocket.

  10. Nitin says

    Nice Work – Thanks

  11. Ankush khanna says

    Plz tell me the last date of filing sales tax return as my firm is non audit case

    1. RAM SAHAI says

      Dear Ankush ,
      The Due Date of Sales tax return is to be filed Quarterly ….

      Ist Half yearly Apr to June Due date is 31 July
      2nd Half yearly July to Sept Due date is 31 Oct
      3nd Half yearly Oct to Dec Due date is 31 Jan
      4nd Half yearly Jan to Mar Due date is 30 April

  12. Ravi says

    I had left my previous organisation in Sept. 2015, but till date they have not settled my full & final settlement & the dues pending from their side & inspite of sending various emails & continuous phone calls they are not replying properly & saying it is still pending with account’s dept. Even they are nor issuing my form 16, for the TDS what they had deducted from my salary. Now how should I file my e-returns & what actions i should take. Please guide me.

    1. Raju Choudhary says

      Every employee has the right to obtain the TDS certificate, i.e., the Form 16, from her employer. And according to section 203 of the I-T Act, if tax was deducted on the employee’s income, the employer has to furnish Form 16. If there was no TDS on the income, then the employer can decline to issue the form of that employee.

      The Act further stipulates that the employer should issue the forms by 31 May after the end of the relevant financial year in which the income was paid and tax deducted. And if the forms are not issued by then, under section 272A(2)(g) of the I-T Act, the employer is liable to pay a penalty of Rs.100 per day of default till it issues the form.

      IF Employer not issued your form 16 then Employees can approach the accessing officer (AO), under whose jurisdiction she has to file her ITR, and give a written complaint against the defaulting employer. Based on the complaint, the AO may take appropriate action or initiate penalty proceedings against the employer.

  13. SACHIN PANDEY says

    Very important and impressive knowledge….thanks for sharing

  14. Rajesh says

    We need it in a layman’s way of understanding……

  15. ramesh dhasade says

    plase send various taxes due dates

  16. GAURAV RAJPUROHIT says

    easier find useful content ..

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