This notification, dated 29th July 2020, extends the deadline for certain tax-related actions from 31st July 2020 to 30th September 2020. It also clarifies that for resident individuals, tax paid under section 140A by the original due date will be considered as advance tax. This amendment comes into effect from the date of its publication in the Official Gazette.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 29th July, 2020
TAXATION AND OTHER LAWS
S.O. 2512(E). In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (2 of 2020), the Central Government hereby makes the following amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue, Centra
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FAQ :
The notification extends the deadline for certain tax-related actions from 31st July 2020 to 30th September 2020.
The extension applies to actions covered by the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020, specifically amending notification number 35/2020.
For resident individuals, tax paid under section 140A of the Income-tax Act, 1961, by the original due date is now deemed to be advance tax.
This notification comes into effect from the date of its publication in the Official Gazette.
The original deadline that has been extended was 31st July 2020.
Admin
Notification No : 56/2020Published in Income Tax
Source : https://www.incometaxindia.gov.in/communications/notification/notification_56_2020.pdf