Extension of various Time Limits under Direct Tax and Benami Laws


Extension – On 24th June 2020, The Ministry of Finance extended various time limits by taking into consideration the challenges faced by taxpayers in meeting statutory and regulatory compliance requirements due to COVID-19.

Highlights of Extended dates are as follows:

S.no.ParticularsExtended Date
1For filing of original as well as revised income tax returns for the FY 2018-19 (AY 2019-20)31st July 2020
2Due date for income tax return for the FY 2019-20 (AY 2020-21)30th November 2020  
3Date of furnishing tax audit report31st October, 2020
4Payment of self-assessment tax in the case of a taxpayer whose self-assessment tax liability is upto Rs. 1 lakh30th November 2020
5Making various investment/ payment for claiming deduction under chapter-via-B of the IT Act which includes section 80C (LIC, PPF,NSC etc.), 80D (Medi claim), 80G (Donations) etc31st July, 2020
6Making investment/ construction/ purchase for claiming roll over benefit/ deduction in respect of capital gains under sections 54 to 54GH of the IT Act30th September, 2020
7Commencement of operation for the SEZ units for claiming deduction under section 10aa of the IT act30th September, 2020
8Furnishing of TDS/ TCS statements and issuance of TDS/ TCS certificates pertaining to the FY 2019-2031st July, 2020 and 15th August, 2020 respectively.  
9Passing of order or issuance of notice by the authorities and various compliances under various direct taxes & Benami law which are required to be passed/ issued/ made by 31st December 202031st March, 2020
10Linking of Aadhaar with PAN31st March, 2021


  1. No relaxation for the taxpayers whose self-assessment tax liability exceeding Rs. 1 lakh. In this scenario, the whole self-assessment tax shall be payable by the due dates specified in the Income Tax Act, 1961 and delayed payment would attract interest under section 234A of the IT Act.
  2. The reduced rate of interest of 9% for delayed payments of taxes, levies, etc. as mentioned in the Ordinance shall not be applicable for the payments made after 30th June 2020.

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