The Income Tax Department has issued the 2020 calendar for the taxpayers announcing all tax-related deadlines.
Titled ‘File-It-Yourself’, the Income Tax 2020 Calander gives an entire list of important dates that an income taxpayer needs to keep in mind tweeting, “This #NewYear, Income Tax Department brings to you, the #ITDCalendar2020 highlighting important dates of tax relevance. And we’re making your filing journey easier too!”
The e-calendar of the Income Tax 2020 also informs about the various services being offered by the Income Tax Department.
According to the Income Tax 2020 Calander January 2020 has the deadline for the quarterly statement of TCS and TDS deposited for the third quarter of FY20 i.e. Q3FY20 that ended on 31st December 2019. The deadline for quarterly statement of TCS deposit for Q3FY20 is 15th January 2020 while for the TDS the deadline of 31st January 2020.
15th March 2020 is the deadline for filing of advance income tax for AY2020-21. 31st March 2020 is the last date for late income tax filing for AY2019-20 where assessment is not completed.
Last date for submission of TCS Statement for Q4FY20. The deadline for the quarterly statement of TDS deposits for the Q4FY20 is 31st May 2020. The deadline for the first installment of advance income tax filing for AY2021-22 is 15th June 2020 while the last date for filing an income tax return (ITR) for most of the earning individuals is 31st July 2020.
The deadline for paying the second installment of advance income tax for AY2021-22 is 15th September 2020. The deadline for filing ITR for corporate taxpayers is 30th September 2020. 15th December 2020 is the deadline for the third installment of advance income tax 2021-22.