Important dates for Income Tax Payers in 2020

This New Year, Income Tax Department brings, the ITD calendar 2020 highlighting important dates of tax relevance.

Hyderabad: The Income Tax Department has brought out its calendar for the year 2020. It reveals the important dates of tax relevance. The ITD calendar 2020 will map your journey to a hassle-free way of filing your returns.

Here is the list of important dates that you need to markdown:

• March 31- last date of filing belated or revised return of income for AY 2019-20 where assessment is not completed
• May 15- Quarterly statement of TCS deposited for the quarter ending March 31, 2020
• May 31- due date for furnishing of statement of financial transaction u/s 285BA in respect of FY 2019-20
• June 15- TDS Certificate to employees in respect of salary paid and tax deducted during FY 2019-20. First Instalment of advance tax for AY 2021-22
• July 24- Income Tax Day
• July 31- ITR for AY 2020-21 for all assesses other than (a) corporate or (b) non-corporate who is liable to get his account audited
• September 15- Second Instalment of advance tax for the AY 2021-22
• September 30- ITR for AY 2020-21 for the assessee who is (a) corporate or (b) non-corporate assessee whose books are required to be audited
• November 30- Audit report and ITR for AY 2020-21 in respect of assessee having an international or specified domestic transaction
• December 15- Third installment of advance tax for the AY 2021-22