Wednesday, June 24, 2020

Income Tax Update

*CBDT has issued a notification today further extending few of the time limits of compliances under Taxation & Other Laws*

 (Relaxation of Certain Provisions) Ordinance, 2020 as under:

πŸ‘‰ Due date for filing Income Tax Return for F.Y 2018-19 has been extended to 31st July, 2020

πŸ‘‰ Waiver of interest u/s 234A in cases where self assessment tax is upto Rs 1 lac

πŸ‘‰ Deductions under Ch-VIA like Sec 80C, 80D, 80G, etc can now be made upto 31st July, 2020

πŸ‘‰The date for furnishing of TDS/TCS statements for the quarter ending on 31st March, 2020 has been extended to 31st July, 2020

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