Covid – 2019 has caused serious disruptions to the business resulting in revision & extension of various dates of tax compliances. Almost all the due dates of compliances have been revised & the compliances are expected from the last week of June 2020 onwards. Here is an overview of the revised due dates of various compliances as under:

1. Filing Belated or Revised Income Tax Return for the FY 2018-19:
   In normal course, income tax return cannot be filed belatedly or revised after the end of the relevant assessment year. However, for the FY 2018-19, the last date to file belated or revised return has been extended from 31^stMarch to 30^th June 2020. No return for the FY 2018-19 can be filed after 30.06.2020. Taxpayers must check the status of their return by logging at www.incometaxindiaefiling.gov.in as in various cases the returns are invalidated due to defects in filing it. Taxpayers have an extended opportunity to rectify the defects now by 30.06.2020.

2. Issue of Form No. 16 by the employer:
   Form 16 is a salary certificate containing the details of salary, allowances and the TDS done by the employer. The due date for issuing Form No. 16 to the employees by the employer has been extended from June 15^thto June 30^th June 2020.
3. Deduction under Section 80C, 80D, 80G etc:
   The due date for investment in the LIC/PPF/NSC etc for claiming deduction u/s 80C for the FY 2019-20 is extended from 31.03.2020 to 30.06.2020. It means that now individuals & HUF can complete their tax-saving investment for FY 2019-20 till 30.06.2020. Even investment in National Pension Scheme (NPS) for deduction u/s 80CCD (1B), payment towards Mediclaim insurance policy for deduction u/s 80D, etc can also be done. Presently, non deposit of minimum amount in PPF and Sukanya Samriddhi Yojana account also attracts penalty and the same can be now avoided by investing it till 30^thJune.

4. Linking of PAN with Aadhaar:

Due to the lockdown, Government has reasonably extended the last date for linking PAN with Aadhaar to 30^th June. Taxpayers are advised to ensure PAN & Adhar linking by 30^th June.

5. Opting for Vivad se Vishwas Scheme:
   The deadline for settling the tax disputes in respect of pending appeal cases through “Vivad se Vishwas Scheme (VSVS)” has also been extended to 3st December 2020. Taxpayers who wish to opt for the benefits have to exercise the option on or before 31st Dec 2020. Earlier also, the date was extended from 31st March 2020 to 30th June 2020.

6. Due date of filing TDS/TCS Return:
   The due date for filing the quarterly TDS/TCS return or the last quarter of FY 2019-20 was 31^stMay 2020 which has also been extended to 30^th June 2020.

7. Submission of Form 15G / 15H for getting interest without Tax Deduction at Source (TDS):
   Interest payment above the threshold is liable for TDS. To avoid TDS for person having no taxable income /tax liability, there is a provision to submit a declaration in Form No. 15G / 15H. The validity of Form No. 15G/5H submitted for the FY 2018-19 was extended by the Government till 30.06.2020. If taxpayers wish to receive the amount without TDS then they must submit fresh Form No. 15G/15H for the FY 2020-21 latest by 30^thJune 2020.

8. Extension of due date of filing ITR for the FY 2019-20:
   The due date of filing ITR for the FY 2019-20 for non auditable assessee was 31^stJuly and for auditable assessee, it was 31^st October. The same has now been extended to 30^th November in both the cases. Similarly, the due date for getting the books of accounts audited in auditable case has been delinked with the ITR date and the due date for getting the books of accounts audited is now extended from 30^th September to 31^st October.

9. Relaxation in Interest Rate:
   Interest rate for all tax payments due between 20.03.20 to 29.06.20 has been capped @ 9% p.a. as against otherwise applicable interest rate of 12% or 18%.

10. GST Returns Revised due date extension: