INCOME TAX
- The due date of filing Income Tax Return for Financial Year 2018-19 has been extended from 31/03/2020 to 30/6/2020
- The due date of Vivad se Vishwas scheme which is introduced to resolve pending tax disputes has been extended from 31/03/2020 to 30/06/2020 without the payment of 10% additional amount
- Filing date of Form 15G and Form 15H has been extended from 7/4/2020 to 30/6/2020
- The due date of filing statement of financial transaction in Form 61A has been extended from 31/5/2020 to 30/6/2020
- The due date of filing TDS return for quarter 4 has been extended from 31/5/2020 to 30/6/2020
- All filing of appeal, issue of new notice of assessment and issue of intimation has been extended to 30/6/2020
- Payment of TDS & Equalisation Levy for the month of March, April and May 2020 Payment can be made up to 30/06/2020 but Interest @ 9%
- Last date of payment for Investment u/s 80C, etc has been extended to 30/06/2020
- Last date of Payment in Capital Gains account extended to 30/06/2020
GST
- GSTR-1
The due date of filing GSTR-1 for the month of February, march, April and May 2020 has been extended till 30/6/2020 if turnover is up to Rs.5 crore. However, if the turnover exceeds Rs.5 crore monthly returns have to be filed on or before 11th day of succeeding month. - GSTR-3B
The due date of filing GSTR-3B for the month of February, march, April and May 2020 has been extended till 30/6/2020 if turnover is up to Rs.5 crore without the payment of interest, late fee or penalty. However, if the turnover exceeds Rs.5 crore Interests at the rate of 9% will be charged instead of 18% after 15 days of original due date but no late fees and penalty will be levied - GSTR-4
The due date of filing quarterly return has been extended from 18/4/2020 to 30/6/2020. Also, the last date for opting composition scheme has been extended from 31/3/2020 to 30/6/2020. - GSTR-9/9A
The last date of filing annual return for the financial year 2018-19 has been extended from 31/3/2020 to 30/6/2020. - Sabka Vishwas Scheme
Government has extended the last date to opt for scheme from 31/3/2020 to 30/6/2020.
Relief for Bank customers
- There will be no charge on cash withdrawal from ATM for 3 months
- There will be no charge if Minimum account balance is not maintained by the account holder