Aditi Bhardwaj
Quick Summary
Belated revised returns for FY 2018-19 (AY 2019-20): The last date to file belated revised returns for AY 2019-20 was March 31, 2020. The due date has now been extended to June 30, 2020. The late fee of Rs.10,000 under section 234F will still be applicable with respect to belated returns.
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FAQ :
The deadline for filing belated and revised returns for AY 2019-20 has been extended to June 30, 2020. However, the late fee of Rs. 10,000 under section 234F will still apply to belated returns.
Yes, the deadline for making investments or payments for deductions under sections 80C, 80D, and 80G for FY 2019-20 has been extended to June 30, 2020.
Donations to the PM-CARES Fund are eligible for 100% deduction under section 80G without any ceiling limit, similar to the Prime Minister National Relief Fund. Contributions made until June 30, 2020, can be claimed as a deduction for FY 2019-20.
For advance tax payments made between March 20, 2020, and June 30, 2020, a reduced interest rate of 0.75% per month will apply instead of the usual 1% per month under sections 234B and 234C.
The due date for TDS remittance for March 2020 remains April 30, 2020. However, the interest charged for late payment under section 201 has been reduced to 0.75% per month from March to June 2020, instead of 1.5% per month.
The due date for filing the last quarter TDS returns for FY 2019-20 has been extended to June 30, 2020. TDS certificates can also be furnished by this date.
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