Highlights

  • Govt. has further extended the time limit to furnish annual return (Form GSTR-9/9A) and reconciliation statement (Form GSTR-9C) for GST audit for the financial year 2018-19 from September 30, 2020 to October 31, 2020.

  • Due to COVID-19 pandemic, CBDT has further extended the due date for filing of revised and belated Income tax return for Assessment year 2019-20 from 30-09-2020 to 30-11-2020.

  • A big Relief is given by Ministry of Corporate Affairs (MCA) by extending the timeline for holding Annual General Meeting till December 31st, 2020 from September 30th, 2020
    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1652485

  • W.e.f. 01st September,2020 - Interest for delay in payment of GST to be charged on the Net Cash Tax Liability.

  • SEBI extends the timeline for submission of financial results for the quarter/half year/financial year ended 30th June 2020, to September 15, 2020

  • CBDT further extends due date for filing of ITR for A.Y. 2019-20 till 30-09-2020

  • The Due Date of GST Annual Return (GSTR 9 / 9A) and Audit (GSTR 9C) has been extended to 30.09.2020 for F.Y. 2018-19

  • The Due Date of GST Annual Return (GSTR 9 / 9A) and Audit (GSTR 9C) has been extended from 30.11.2019 to 31.12.2019 for F.Y. 2017-18

  • Tax rate for Domestic companies to be 25% having turnover up to Rs. 400 crores.

    No Scrutiny for Start Up's in respect of share premium charged on issue of shares

    Additional deduction for Interest on Housing loan for purchasing Affordable House before 31.03.2020 increased by Rs. 1,50,000/- u/s 80EEA

    TDS @ 2% on cash withdrawal exceeding Rs. 1 crore from one bank account in one year

    Deduction upto Rs. 1,50,000/- for Interest on loan taken for buying electric vehicle

    Minimum Public Shareholding in a listed company to be increased from 25% to 35%

  • The Due Date of GST Annual Return (GSTR 9 / 9A) and Audit (GSTR 9C) has been extended from 31.08.2019 to 30.11.2019

  • Non-allowability of set-off of losses against the deemed income under section 115BBE of the Income-tax Act, 1961 prior to assessment-year 2017-18-
    Income Tax Website Link


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Due Dates

Due Date Particulars Challan/Form No.
07/01/2019 Deposit of TDS or TCS ITNS-281
07/01/2019 Deposit of TDS in special cases ITNS-281
15/01/2019 Quarterly statement of TCS 27EQ
15/01/2019 Issuance of TDS certificate for tax deducted under section 194-IA/IB 16B/16C
30/01/2019 Issuance of quarterly TCS certificate 27D
31/01/2019 Quarterly return by banking company/public company/co-operative society regarding non-deduction of tax at source 26QAA
31/01/2019 Furnishing of challan-cum-statement in respect of TDS under section 194-IA/IB 26QB/ 26QC
31/01/2019 Quarterly statement of TDS in case of all deductors 24Q/26Q/27Q
Due Date Particulars Challan/Form No.
07/01/2019 Deposit of TDS or TCS ITNS-281
07/01/2019 Deposit of TDS in special cases ITNS-281
15/01/2019 Quarterly statement of TCS 27EQ
15/01/2019 Issuance of TDS certificate for tax deducted under section 194-IA/IB 16B/16C
30/01/2019 Issuance of quarterly TCS certificate 27D
31/01/2019 Quarterly return by banking company/public company/co-operative society regarding non-deduction of tax at source 26QAA
31/01/2019 Furnishing of challan-cum-statement in respect of TDS under section 194-IA/IB 26QB/ 26QC
31/01/2019 Quarterly statement of TDS in case of all deductors 24Q/26Q/27Q
Due Date Particulars Challan/Form No.
07/01/2019 Deposit of TDS or TCS ITNS-281
07/01/2019 Deposit of TDS in special cases ITNS-281
15/01/2019 Quarterly statement of TCS 27EQ
15/01/2019 Issuance of TDS certificate for tax deducted under section 194-IA/IB 16B/16C
30/01/2019 Issuance of quarterly TCS certificate 27D
31/01/2019 Quarterly return by banking company/public company/co-operative society regarding non-deduction of tax at source 26QAA
31/01/2019 Furnishing of challan-cum-statement in respect of TDS under section 194-IA/IB 26QB/ 26QC
31/01/2019 Quarterly statement of TDS in case of all deductors 24Q/26Q/27Q

Last day of Month - Due Date for Payment and e-return filing of Monthly PTRC.