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Important dates for Income Tax Payers in 2020

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Published : Jan 4, 2020, 12:49 PM IST

Updated : Jan 4, 2020, 6:43 PM IST

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

ITD calender 2020
ITD calender 2020

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

Read more: Fuel prices continue to surge amid tension in Middle East

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

Read more: Fuel prices continue to surge amid tension in Middle East

Intro:Body:

The Income Tax Department has brought out its Calendar for the year 2020. It reveals the important dates of tax relevance.

The ITD calender 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 mark down.

March 31-  last date of filing belated or revised return of income for AY 2019-20  where assessment is not completed

May 15- Qusrterly ststement 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 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




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Last Updated : Jan 4, 2020, 6:43 PM IST
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