Various Extensions in Income Tax | Pan-Aadhaar, Tax saving, Form 16 deadlines extended again

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Various direct tax deadlines have been extended again, as per the notification, the new various tax compliance dates are as follows:

Various Provisions	Extended Due Date
Original as well as revised income-tax returns (ITR) for the FY 2018-19 (AY 2019-20)	31^st July, 2020.
Various investment/ payment for claiming deduction under Income Tax Act, 1961 Eg. LIC, PPF, Mediclaim	31^st July, 2020
TDS/ TCS statements	31^st July, 2020
TDS/ TCS certificates	15^th August, 2020
Tax Audit Report (FY 2019-20)	31^st October, 2020
Income Tax Rerurn (ITR) for all kind of persons	30^th November, 2020
Linking of Aadhaar with PAN would also be extended to 31st March, 2021	31^st March, 2021
Reduced rate of interest of 9% for delayed payments of taxes, levies, etc. specified in the Ordinance	Shall not be applicable for the payments made after 30^th June, 2020.
Payment without additional interest and penal amount under the “Vivad Se Vishwas”	31^st December 2020.
Date for payment of self-assessment tax in the case of a taxpayer whose self-assessment tax liability is up to Rs. 1 Lakh	30^th November, 2020

The necessary legislative amendments will be made in due course of time.

Sources and Credits: Economic Times

Mr. Setia is a CA by Profession and expert in the field of Indirect Taxation Based in Delhi. Rich experience of over 5 year.