Due date extended by the CBDT for All Tax Returns tax Saving form 16/16a dates extended to 31/12/2020 Vide Notification No.2033(E) dated 24/06/2020 by the CBDT

         

 It is the grateful news that Due to Covit- 19 the Income Tax extended the time for Filling the Tax Return and given the Form 16 to the Employees of all of the Employers up to the 31stDecember 2020 As per the CBDT Notification No. 2033(E) Dated 24^th June 2020. Given below the Notification No. 2033(E) Dated 24^th 24^thJune 2020. of the CBDT

 

MINISTRY OF FINANCE

(Department of Revenue)

                                           (CENTRAL BOARD OF DIRECT TAXES)

                                                            NOTIFICATION

                                                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 31^st 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 31^st day of July,2020;

(b)    1^st day of April, 2020, the end date shall be extended to the 30^th 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 31^st day of March, 2020, as the case may be, the end date shall be extended to the 15^thday 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 31^st day of March, 2020, as the case may be, the end date shall be extended to the 31^st 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 30^th day of July, 2020 and the 31^st day of July, 2020 respectively; and

(vii)                               furnishing of report of audit under any provision thereof for the assessment year commencing on the 1^st day of April, 2020, the end date shall be extended to the 31^st 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 30^th 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)

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