Due date for payment of self assessment tax for ay2020-21

I am having capital gains income as well as interest for the FY19-20. the due date for filling the returns has been extended to 30th of November 2020. does it mean an extension for tax payment as well. or do I have to pay within the 31st of July 2020???
please clarify
Replies (2)
Quick Summary
This discussion clarifies the payment deadlines for Self Assessment tax for AY2020-21, specifically for income including capital gains and interest. While the filing deadline was extended, the payment deadline for Self Assessment tax liability exceeding £1 lakh remains 31st July 2020. Taxpayers with a liability up to £1 lakh have an extended payment deadline of 30th November 2020, as per CBDT notification N/N 35/2020.

Govt has extended the date of payment of self assessment tax only those taxpayer whose self assessment tax liability is upto Rs. 1 lakh to 30th November 2020.
N/N 35/2020 dated 24.06.2020

As per CBDT circular dated 24 th June 2020 , self assess tax more than 1 lac rupees ,you have to pay on or before 31st July 2020 . I my view you pay tax before 31st July 2020 and keep Challans with you and file return .

please confirm with others also . please refer circular of CBDT dated 24th June 2020

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register