CA - Ankg & Associates

To mitigate the hardship and challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of COVID-19, Govt has announced further relief to the taxpayers. In this regard the Govt, in exercise of the powers conferred U/s 3(1) of the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (2 of 2020), issues a Notification No. 35/2020 on 24th June, 2020.

Some of the important extensions include –

– Extension in Due Date of Filing of ITRs of AY 2019-20 & AY 2020-21

– Extension in Due Date of Deposit of Self Assessment Tax for AY 2020-21 for small and medium size tax payers having self assessment tax liability upto Rs.1 Lakhs.

– Extension in Time Limit to make investment in Tax Savings instruments for FY 2019-20 (AY 2020-21)

To read and know about all the Extensions in Due Dates & Time Limits as notified by Notification No. 35/2020 under Income Tax Act & Other Specified Act, download the .pdf from this page

Click on Download Link Below