CBDT issues Notification for extending time limit for filing ITRs, TDS/TCS returns etc. for AY 2020-21, 2019-20

CBDT issue Notification further extending time limit for filing ITRs, TDS/TCS returns, making investments etc. for AY 2020-21 & 2019-20

Govt extends various time limits under the Direct Tax & Benami laws, providing further relief to taxpayers for making compliances under these laws.

Time limits had earlier been extended by Taxation & Other Laws Ordinance on 31st March, 2020.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)

Notification No. 35 /2020 and 39/2020

New Delhi, the 24th June, 2020

TAXATION AND OTHER LAWS

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) 1st day of April, 2019, the end date shall be extended to the 31st day of July, 2020;

(b) 1st 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 to  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 clause (c) 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  1to  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 30thday 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.

[F. No. 370142/23/2020-TPL]

NEHA SAHAY, Under Secy.
(Tax Policy and Legislation Division).

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