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Due Dates for FY 2020-21

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CA Suresh Prabhu Requested FM to extend due dates of ITR, Tax Audits and GST Annual filing

CA Suresh Prabhu Requested FM to extend due dates of ITR, Tax Audits and GST Annual filing

SURESH PRABHU

MEMBER OF PARLIAMENT (RAJYA SABHA)

To
Smt. Nirmala Sitharaman ji,
78, Lodhi Estate New Delhi 110 003 Tel 011 24640476 246104 78
16th December, 2020


I have been approached by several individuals and institutions informing me about the challenges being faced by them due to the ongoing COVID-19 pandemic which has created financial and practical difficulties that in turn requires extended timeline to complete the regular compliances.

In view of this, they have requestedfor extending the due dates for Tax Audit & Transfer Pricing Audit to February 28, 2021, Income Tax Return filing to March 31, 2021 and the due date for filing Annual Returns under GST (GSTR 9) & Reconciliation Statement (GSTR 9C) for Financial year 2018-19 to January 31, 2021.


I would therefore request you to look into this keeping in view the financial and practical difficulties being faced by taxpayers and tax professionals around the country due to the ongoing Covid-19 pandemic.
With regards.


Yours sincerely, (Suresh Prabhu)

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Latest Income Tax Compliance Extended Due Dates for FY 2020-21

Latest Income Tax Compliance Extended Due Dates for FY 2020-21

Due dates are basically the date on which something falls due for, instance especially the payment of a bill, filing of any return etc. Compliance with Income Tax Provisions comes with compliance of their whole set of due dates.

Income tax due dates can be vast and difficult to keep up with. With the ongoing COVID -19 pandemic a lot of income tax due dates were extended by The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 read with Notification No. 35 /2020, dated 24-06-2020. Given below are the due dates for the financial year 2020-21 to ensure that you do not forget these important dates under Income Tax.

Chart of Due dates/Extended due dates under Income Tax Act, 1961

Nature of ComplianceDue Date/Extended Due Date
Deposit of Tax deducted/collected by an office of the government for the month of March, 2020.7th April 2020
Issue of TDS Certificate for tax deducted under section 194-IA, Section 194-IB and 194M in the month of February, 202014th April 2020
Quarterly statement in respect of foreign remittances in Form No. 15CC for quarter ending March, 202015th April 2020
Furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of March, 202015th April 2020
Annual Return filing for provident fund for the period April 2019 till March 202025th April 2020
 30th April 2020
Deposit of Tax deducted/collected for the month of April, 2020.7th May 2020
Issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of March, 202015th May 2020
Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of April, 2020 has been paid without the production of a challan15th May 2020
Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes have been modified after registering in the system for the month of April, 202015th May 2020
Submission of a statement (in Form No. 49C) by non-resident having a ​liaison office in India for the financial year 2019-2030th May 2020
Furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194M and 194-IB in the month of April, 202030th May 2020
Issue of TCS certificates for the 4th Quarter of the Financial Year 2019-2030th May 2020
Return of tax deduction from contributions paid by the trustees of an approved superannuation fund​31st May 2020
Furnishing of statement of financial transaction in respect of financial year 2019-2031st May 2020
E-filing of annual statement of reportable accounts as required to be furnished under section 285BA31st May 2020
Application for allotment of PAN in case of non-individual resident person, which enters into a financial transaction of Rs. 2,50,000 or more during FY 2019-20 and hasn’t been allotted any PAN31st May 2020
Application for allotment of PAN in case of person being managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer or office bearer of the person referred to in Rule 114(3)(v) or any person competent to act on behalf of the person referred to in Rule 114(3)(v) and who hasn’t allotted any PAN31st May 2020
Deposit of Tax deducted/collected for the month of May, 2020.7th June 2020
​Issie of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of April, 202014th June 2020
Furnishing of Form 24G by an office of the Government where TDS/TCS for the month of May, 2020 has been paid without the production of a challan15th June 2020
First instalment of advance tax for the assessment year 2021-2215th June 2020
Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of May, 202015th June 2020
E-filing of a statement (in Form No. 3CEK) by an eligible investment fund under section 9A in respect of its activities in financial year 2019-2029th June 2020
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB and 194M in the month of May, 202030th June 2020
Return in respect of securities transaction tax for the financial year 2019-20​30th June 2020
Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending March 31, 2020​30th June 2020
Statement to be furnished (in Form No. 64C) by Alternative Investment Fund (AIF) to units holders in respect of income distributed during the previous year 2019-20​30th June 2020
Report by an approved institution/public sector company under Section 35AC(4)/(5) for the year ending March 31, 202030th June 2020
Due date for furnishing of statement of income distributed by business trust to its unit holders during the financial year 2019-20. This statement is required to be furnished to the unit holders in form No. 64B​30th June 2020
Payment of tax under the Direct Tax Vivad se Vishwas Act, 2020 without additional charge30th June 2020
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Nature of ComplianceDue Date/Extended Due Date
Deposit of Tax deducted/collected for the month of June, 20207th July 2020
Deposit of TDS for the period April 2020 to June 2020 when AO has permitted quarterly deposit of TDS under section 192,194A, 194D or 194H7th July 2020
Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of February 2020, March 2020 & June, 2020 has been paid without the production of a challan15th July 2020
The due dates for furnishing Form 24G for the months of February 2020 & March 2020 have been extended to July 15, 2020 vide the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 read with Notification No.35 /2020, dated 24-06-202015th July 2020
Due date for issue of TDS Certificate for tax deducted under section 194-IA, Section 194-IB and Section 194-M in the month of May, 202015th July 2020
Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending June, 202015th July 2020
Quarterly statement of TCS deposited for the quarter ending 30 June, 2020​15th July 2020
Upload the declarations received from recipients in Form No. 15G/15H during the quarter ending June, 202015th July 2020
Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of June, 202015th July 2020
Quarterly TCS certificate in respect of tax collected by any person for the quarter ending June 30, 202030th July 2020
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB and 194M for the month of June, 202030th July 2020
Making Tax saving Investments For A/Y 2020-2131st July, 2020
Filing of belated or revised ITR for A/Y 2019-2031st July, 2020
Payment of self-assessment tax for A/Y 2020-21, more than Rs. 1 lakh, without interest u/s 234A31st July, 2020
TDS/TCS return filing for Q4 of F/Y 2019-2031st July, 2020
​​Due date for deposit of Tax deducted/collected for the month of July, 20207th August 2020
Issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of June, 202014th August 2020
Form 16 for TDS on salary of FY 2019-2015th August, 2020
Form 16A for TDS on income other than salary for Q4 of FY 2019-2015th August, 2020
TCS certificate for Q4 of FY 2019-2015th August, 2020
Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of July, 2020 has been paid without the production of a challan15th August, 2020
Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of July, 2020​15th August, 2020
​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA. 194-IB and 194M for the month of July, 202030th August 2020
​​Due date for deposit of Tax deducted/collected for the month of August, 2020.7th September 2020
Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of July, 202014th September 2020
Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of August, 2020 has been paid without the production of a challan15th September, 2020
Second instalment of advance tax for A/Y 2021-2215th September, 2020
Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of August, 2020​15th September, 2020
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB and 194M in the month of August, 202030th September 2020
Nature of ComplianceDue Date/Extended Due Date
Deposit of tax deducted/collected for the month of September, 20207th October 2020
Deposit of TDS for the period July 2020 to September 2020 when Assessing Officer has permitted quarterly deposit of TDS under section 192,194A, 194D or 194H7th October 2020
Furnishing of Form 24G by an office of the Government where TDS/TCS for the month of September, 2020 has been paid without the production of a challan15th October 2020
Issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of August, 202015th October 2020
Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending September, 202015th October 2020
Quarterly statement of TCS deposited for the quarter ending September 30, 2020​15th October 2020
Upload declarations received from recipients in Form No. 15G/15H during the quarter ending September, 2020​15th October 2020
Furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of September, 202015th October 2020
Furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB and 194M in the month of September, 202030th October 2020
Quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 202030th October 2020
Intimation by a designated constituent entity, resident in India, of an international group in Form no. 3CEAB for the accounting year 2019-2031st October 2020
Quarterly statement of TDS deposited for the quarter ending September 30, 202031st October 2020
Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 202031st October 2020
Copies of declaration received in Form No. 60 during April 1, 2020 to September 30, 2020 to the concerned Director/Joint Director31st October 2020
Audit report under section 44AB for the assessment year 2020-21 in the case of an assessee who is also required to submit a report pertaining to international or specified domestic transactions under section 92E31st October 2020
Report to be furnished in Form 3CEB in respect of international transaction and specified domestic transaction31st October 2020
Filing of audit report under section 44AB for the assessment year 2020-21 in the case of a corporate-assessee or non-corporate assessee31st October 2020
Deposit of Tax deducted/collected for the month of October, 20207th November 2020
Issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of September, 202014th November 2020
Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending September 30, 202015th November 2020
Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of October, 2020 has been paid without the production of a challan15th November 2020
Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of October, 2020​*15th November 2020
Furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB and 194M in the month of October, 202030th November 2020
Annual return of income for the assessment year 2020-21 in the case of an assessee if he/it is required to submit a report under section 92E pertaining to international or specified domestic transaction(s)30th November 2020
Report in Form No. 3CEAA by a constituent entity of an international group for the accounting year 2019-2030th November 2020
Statement of income distribution by Venture Capital Company or venture capital fund in respect of income distributed during previous Year 2019-20 (Form No. 64)​30th November 2020
Statement to be furnished in Form No. 64D by Alternative Investment Fund (AIF) to Principal CIT or CIT in respect of income distributed (during previous year 2019-20) to units holders30th November 2020
Due date to exercise option of safe harbour rules for international transaction by furnishing Form 3CEFA30th November 2020
Due date to exercise option of safe harbour rules for specified domestic transaction by furnishing Form 3CEFB​30th November 2020
Due date for filing of statement of income distributed by business trust to unit holders during the financial year 2019-20. This statement is required to be filed electronically to Principal CIT or CIT in form No. 64A30th November 2020
Application in Form 9A for exercising the option available under Explanation to section 11(1) to apply income of previous year in the next year or in future (if the assessee is required to submit return of income on November 30, 202030th November 2020
Statement in Form no. 10 to be furnished to accumulate income for future application under section 10(21) or 11(1) (if the assessee is required to submit return of income on November 30, 2020)​30th November 2020
Submit copy of audit of accounts to the Secretary, Department of Scientific and Industrial Research in case company is eligible for weighted deduction under section 35(2AB) [if company has any international/specified domestic transaction]30th November 2020
Statement by scientific research association, university, college or other association or Indian scientific research company as required by rules 5D, 5E and 5F (if due date of submission of return of income is November 30, 2020)30th November 2020
Due date for claiming foreign tax credit, upload statement of foreign income offered for tax for the previous year 2019-20 and of foreign tax deducted or paid on such income in Form no. 67. (if due date of submission of return of income is November 30, 2020).​ 30th November 2020
Due date for e-filing of report (in Form No. 3CEJ) by an eligible investment fund in respect of arm’s length price of the remuneration paid to the fund manager. (if the assessee is required to submit return of income on November 30, 2020)30th November 2020
Annual return of income for the assessment year 2020-21 for all assessee. The due date for filing of return has been extended from July 31, 2020, October 31, 2020 to November 30, 2020 vide the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 read with Notification No.35 /2020, dated 24-06-202030th November 2020
Deposit of Tax deducted/collected for the month of November, 20207th December 2020
Third instalments of advance tax for A/Y 2021-2215th December, 2020
Issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of October, 202030th December 2020
Furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of November, 202030th December 2020
Opting for Vivad se Vishwas Scheme31st December, 2020
Nature of ComplianceDue Date/Extended Due Date
Deposit of Tax deducted/collected for the month of December, 20207th January 2021
Issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of November, 202014th January 2021
Quarterly Statement of TCS deposited under Income Tax Laws for the period of October 2020 to December 202015th January 2021
Furnishing of Form 24G by an office of the Government where TDS/TCS for the month of December, 2020 has been paid without the production of a challan15th January 2021
Furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of December, 202015th January 2021
Furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB and 194M in the month of December, 202030th January 2021
Quarterly Statement of TDS deposited under Income Tax laws for the period of October 2020 to December 202031st January 2021
Deposit of Tax deducted/collected for the month of January, 20217th February 2021
Issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of December, 202014th February 2021
Furnishing of Form 24G by an office of the Government where TDS/TCS for the month of January, 2021 has been paid without the production of a challan15th February 2021
Quarterly TDS certificate (other than salary) for the period of October 2020 to December 202015th February 2021
Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of January, 2021​15th February 2021
Furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB and 194M in the month of January 202128th February 2021
Deposit of Tax deducted/collected for the month of February, 20217th March 2021
Fourth instalment of advance tax for A/Y 2021-2215th March, 2021
Linking of Aadhaar with PAN31st March, 2021
Form 24Q, 26Q, 27Q and 27EQ of Q1 and Q2 of F/Y 2020-2131st March, 2021
Form 26QB, 26QC and 26QD of April to November 202031st March, 2021
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