Extension of Time Limits under… — Notification No.35/2020

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Extension of Time Limits under… — Notification No.35/2020 | CBDT notification · Complied AI

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What changed

The Central Government specifies time limit extensions for completion or compliance of actions under the Taxation and Other Laws Ordinance 2020. The end date of the period for completion or compliance falls on 31 December 2020. The extended end date for completion or compliance is 31 March 2021. Specific extensions apply to income tax returns, tax deduction and collection statements, tax certificates, capital gains investments, chapter VI-A deductions, tax audits, and the Direct Tax Vivad se Vishwas Act 2020.

What you must do

Furnish the return under section 139 for assessment year 2019-20 by 31 July 2020.
Furnish the return under section 139 for assessment year 2020-21 by 30 November 2020.
Deliver the 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 for February or March 2020 or the quarter ending 31 March 2020 by 15 July 2020.
Deliver the 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 for February or March 2020 or the quarter ending 31 March 2020 by 31 July 2020.
Furnish the certificate under section 203 in respect of deduction or payment of tax under section 192 for the financial year 2019-20 by 15 August 2020.
Complete actions under section 54 or 54GB by 29 September 2020 and make compliance by 30 September 2020.
Complete actions under Chapter VI-A deductions by 30 July 2020 and make compliance by 31 July 2020.
Furnish the report of audit under any provision for the assessment year commencing on 1 April 2020 by 31 October 2020.

Key dates

Effective from: 30 Jun 2020
Date on which the notification comes into force: 30 Jun 2020
Extended end date for statement of deduction or collection of tax under section 200(2A) or 206C(3A): 15 Jul 2020
End date for time limit of completion or compliance under Chapter VI-A deductions: 30 Jul 2020
Extended end date for return furnishing for assessment year 2019-20, statement under section 200(3) or 206C(3), and Chapter VI-A compliance: 31 Jul 2020
Extended end date for furnishing certificate under section 203 for financial year 2019-20: 15 Aug 2020
End date for time limit of completion or compliance under section 54 or 54GB: 29 Sept 2020
End date for making completion or compliance under section 54 or 54GB

Who is affected

Persons required to complete actions or compliances under the specified Act or the Direct Tax Vivad se Vishwas Act, 2020.

Thresholds

The amount of tax on total income as reduced by clauses (i) to (vi) of sub-section (1) exceeds one lakh rupees.

Exceptions

The extension of the date under sub-clause (b) of clause (i) of the first proviso does not apply to Explanation 1 to section 234A where the reduced tax amount exceeds one lakh rupees.

Ask about this notification

Written automatically from the official document. It is not a professional review, so check material decisions against the official record.

Document text

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Official source

[भागII—खण् ड 3(ii)] भारत का राजप् असाधारण 3 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 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 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 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 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 :

4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] Provided also that where the specified Act is the Direct Tax Vivad se Vishwas Act, 2020, the 30th 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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