Income tax statutory compliance
| S. No. | Actual Date | Extended Date | Nature of Compliance | Compliance Period | Nature of Compliance in Detail |
| 1 | 07-Jan-2021 | NA | TCS/TDS Liability Deposit | Dec-2020 | Due date of depositing TCS liabilities for the previous month |
| 2 | 07-Jan-2021 | NA | Equalisation Levy Deposit | Dec-2020 | Equalisation Levy is a direct tax, which is withheld at the time of payment by the service recipient where the annual payment made to one service provider (Non-Residents only) exceeds Rs. 1,00,000 in one financial year for the specified and notified services. |
| 3 | 10-Jan-2021 | NA | GSTR-7 | Dec-2020 | GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST. |
| 4 | 10-Jan-2021 | NA | GSTR-8 | Dec-2020 | GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST. |
| 5 | 31-July-2020 | 10-Jan-2021 | ITR | FY 2019-20 | ITR to be filed by taxpayers not required to get audited its books of accounts |
| 6 | 11-Jan-2021 | NA | GSTR–1 | Dec-2020 | GST Filing of returns by the registered person with an aggregate turnover of more than 1.50 crores. |
| 7 | 13-Jan-2021 | NA | GSTR-6 | Dec-2020 | Due Date for filing return by Input Service Distributors. |
| 8 | 14-Jan-21 | ADT-1 | FY 2020-21 and onwards | Auditor appointment in company, If AGM is held on 31.12.2020 (within 15 days from date of AGM) | |
| 9 | 15-Jan-2021 | NA | Provident Fund | Dec-2020 | Due Date for payment of Provident fund contribution for the previous month. |
| 10 | 15-Jan-2021 | NA | ESI | Dec-2020 | Due Date for payment of Provident fund and ESI contribution for the previous month. |
| 11 | 15-Jan-2021 | NA | TCS Return | Quarter 3 | Quarterly statement of TCS deposited for the previous quarter |
| 12 | 30-Nov-2020 | 15-Jan-2021 | Form 3CEB | FY 2019-20 | Report to be furnished in respect of international transaction and specified Domestic transaction. |
| 13 | 30-Sep-2020 | 15-Jan-2021 | Tax Audit | FY 2019-20 | Due date for filing Income Tax Audit |
| 14 | 18-Jan-2021 | NA | CMP-08 (oct-dec, 2020) | Quarter 3 | Statement-cum-challan to declare the details or summary by Composition dealer for tax payable for the previous quarter |
| 15 | 20-Jan-2021 | NA | GSTR -5 | Dec-2020 | GSTR-5 to be filed by Non-Resident Taxable Person for the previous month. |
| 16 | 20-Jan-2021 | NA | GSTR -5A | Dec-2020 | GSTR-5A to be filed by OIDAR Service Providers for the previous month. |
| 17 | 20-Jan-2021 | NA | GSTR – 3B | Dec-2020 | Due date for GSTR-3B having Annual Turnover of more than 5 Crores |
| 18 | 22-Jan-2021 | NA | GSTR – 3B | Dec-20 | Refer Note 1 |
| 19 | 24-Jan-2021 | NA | GSTR – 3B | Dec-20 | Refer Note 2 |
| 20 | 25-Jan-2021 | NA | ITC 04 | Quarter 3 | Return furnished by registered manufacturers, showing the details of inputs or capital goods dispatched or received from a job worker in a particular quarter. |
| 21 | 29-Jan-2021 | AOC-4 | FY 2019-20 | Annual Filing with ROC, If AGM is held on 31.12.2020 (within 30 days from date of AGM) | |
| 22 | 31-Jan-2021 | NA | TDS Return | Quarter 3 | Quarterly statement of TDS deposited for the previous quarter |
| 23 | 31-Jan-2021 | NA | GSTR 1 Quarterly | Quarter 3 | GST Filing of returns by registered person with aggregate turnover upto 1.50 crores |
Note 1:
Due Date for filling of GSTR – 3B which annual turnover up to 5 Crore State 1 Group (Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep).
Note 2:
Due Date for of filling GSTR – 3B which annual turnover up to 5 Crore State 2 Group (Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi).
ITR Filling due dates has been extended further from 31st December to 10th January 2021 for the financial year 2019-20
ITR filing deadline for financial year 2019-20 has been extended further from Dec 31 to January 10, 2021 for these taxpayers
Income Tax Return – Who is required to get his account accounts AY 2020-21 by 31st January, 2021 to 15th February, 2021 for 15 Days
Income Tax Return- Partners Whose firms are liable to get his account accounts AY 2020-21 by 31st January, 2021 to 15th February, 2021 for 15 Days
Income Tax Return- Companies AY 2020-21 by 31st January, 2021 to 15th February, 2021 for 15 Days
Income Tax Return- Who is required to furnish the report in respect of international/specified domestic transactions AY 2020-21 by 31st January, 2021 to 15th February, 2021 for 15 Days
Income Tax Return- Other taxpayers. AY 2020-21 by 31st December, 2020 to 10th January, 2021 for 10 Days
Tax Audit report AY 2020-21 by 31st December, 2020 to 15th January, 2021 for 15 Days
Audit report with respect to international/specified domestic transaction AY 2020-21 by 31st December, 2020 to 15th January, 2021 for 15 Days
Due date of the payment of income tax has been extended further from 31st December to as bellow
a. Whose liability of Income Tax is upto INR 1,00,000; and
b. Who is required to get accounts audited; or
c. Who is liable to furnish return in respect of international/specified domestic transactions AY 2020-21 by 31st January, 2021 to 15th February, 2021 for 15 Days
Payment of Income Tax- Taxpayers:
a. whose liability of Income Tax is upto INR 1,00,000; and
b. Who is any other taxpayers (other than mentioned above) AY 2020-21 by 31st December 2020 to 10th January, 2021 for 10 Days
Clarification in respect of the direct tax vivad se vishwas act,2020
With the objective to reduce pending income tax litigation and generate the timly revenue for the government of India and also the benefit taxpayers by providing them peace of mind,certainty and saving the times and avoid the long drawn vexatioous litigation process,the direct tax Vivad se VishwasAct 2020 had been amended by the taxation and other laws to provide certain relaxation in view of Covid-19 pandemic and also empowerthe Central government to notifycertain dates.
The central government has extended the date for payment without additional under vivad se vishwas from31st December to 31st March 2021.The said notification also notified the last date for filing the declaration by 31st December 2020 .
Under the existing provisions of section 5(2) ,the declarant is required to pay the amount within a period of 15 days from the receipt of certificate from the designated authority. As per the aforesaid notification,a declarant who file declaration on before 31st December 2020.Hence requiring payment by the declarant within a 15 days from the date of receipt of certificate from the designated authority may result into undue hardship for the declarant in whose case the period of 15 days expires before 31st March 2021.
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing income tax returns for the Assessment year 2020-21
The Central Board of Direct Taxes (CBDT) has extended the deadline for the filing of income tax returns (ITR) for the financial year ending March 2020 and the Assessment year 2020-21) to December 31, 2020.
“The due date for furnishing of Income Tax Returns for the other taxpayers (for whom the due date (i.e.before the extension by the said notification) as per the Act was 31st July, 2020) has been extended to 31st December, 2020),” CBDT said in a statement.
The CBDT said it extended the deadline keeping in mind the difficulties faced by taxpayers during the COVID-19 pandemic.
The government had previously extended to deadline to November 30 from July 31.
“Consequently, the date for furnishing of various audit reports under the Act including tax audit report and report in respect of international/specified domestic transaction has also been extended to 31st December, 2020,” CBDT added.
Income tax Return filing deadline for the financial yera ending 31st March 2020 has been extended to 30th November 2020
As announced by the government for all income-tax return (ITR) for FY 2019-20 has been extended from July 31, 2020, and October 31, 2020, to November 30, 2020, and tax audit from September 30, 2020 to October 31 2020.
The government via a press conference dated May 13, 2020 announced that the income tax return (ITR) filing deadline for the financial year 2019-20 has been extended to November 30, 2020 from the usual deadline of July 31, 2020. “Due date for all income-tax return for FY 2019-20 will be extended from July 31 2020 and October 31, 2020 to November 30, 2020 and tax audit from September 30, 2020 to October 31, 2020,
In addition to that, the government via a notification dated June 24, 2020 (effective from June 30, 2020) had extended the date to issue Form 16A (TDS certificates for interest income) and Form 16 (TDS certificate for salary) to employees by employers to August 15, 2020. According to chartered accountants, the government had earlier extended the deadline of issuing Form-16 and Form 16A from June 15, 2020 to June 30, 2020 via an ordinance dated March 31, 2020.
The previous extension of issuing Form 16 (i.e., June 30, 2020) had left only one month for individual taxpayers to file their income tax return before the deadline, i.e., July 31, 2020. Chartered accountants and other tax experts were anticipating an extension in the ITR filing deadline for FY 2019-20.
