Relief & Changes in Due Dates

INCOME TAX

  1. The due date of filing Income Tax Return for Financial Year 2018-19 has been extended from 31/03/2020 to 30/6/2020
  2. The due date of Vivid 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
  3. The filing date of Form 15G and Form 15H has been extended from 7/4/2020 to 30/6/2020
  4. The due date of filing statement of financial transaction in Form 61A has been extended from 31/5/2020 to 30/6/2020
  5. The due date of filing TDS return for quarter 4 has been extended from 31/5/2020 to 30/6/2020
  6. All filing of the appeal, issue of a new notice of assessment and issue of intimation has been extended to 30/6/2020
  7. 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% 
  8. The last date of payment for Investment u/s 80C etc has been extended to 30/06/2020
  9. The last date of Payment in Capital Gains account extended to 30/06/2020

GST

  1. 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 the 11th day of succeeding month.
  2. 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 
  3. 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 the opting composition scheme has been extended from 31/3/2020 to 30/6/2020.
  4. GSTR-9/9A
    The last date of filing the annual return for the financial year 2018-19 has been extended from 31/3/2020 to 30/6/2020.
  5. Sabka Vishwas Scheme
    The government has extended the last date to opt for the scheme from 31/3/2020 to 30/6/2020.

Relief for Bank customers

  1. There will be no charge on cash withdrawal from ATM for 3 months.
  2. There will be no charge if the Minimum account balance is not maintained by the account holder.

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