7 November 2020
- Payment of TDS and TCS deducted/collected in October 2020
Direct Tax
Transfer Pricing
Indirect Tax
10 November 2020
- GSTR-7 for the month of October 2020 to be filed by taxpayer liable for Tax Deducted at Source (TDS)
- GSTR-8 for the month of October 2020 to be filed by taxpayer liable for Tax Collected at Source (TCS)
11 November 2020
- GSTR-1 for the month of October 2020 to be filed by registered taxpayers with an annual aggregate turnover of more than INR 15 million
13 November 2020
- GSTR-6 for the month of October 2020 to be filed by Input Service Distributor (ISD)
15 November 2020
- Issuance of TDS certificates (Form 16A) for TDS deducted for the period July to September 2020
20 November 2020
- GSTR-5A for the month of October 2020 to be filed by Non-Resident Online Database Access and Retrieval services (OIDAR)
- GSTR-5 for the month of October 2020 to be filed by Non-Resident Taxpayers (NRTP)
- GSTR-3B for the month of October 2020 to be filed by all registered taxpayers having turnover of more than INR 50 million in the previous financial year
22 November 2020
- GSTR-3B for the month of October 2020 to be filed by all registered taxpayers having turnover of up to INR 50 million in the previous financial year and located in Category A states
24 November 2020
- GSTR-3B for the month of October 2020 to be filed by all registered taxpayers having turnover of up to INR 50 million in the previous financial year and located in Category B states
30 November 2020
- Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA for the month of October 2020
- Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB for the month of October 2020
- Filing of tax audit report and tax return for the financial year 2019-20, in cases where transfer pricing provisions are applicable
- Filing of annual information with the DSIR for approved R&D facilities, for cases where transfer pricing provisions are applicable
31 December 2020
- Form No. 3CEB (FY 2019-20) Transfer Pricing Certificate / Report
- Maintenance of transfer pricing documentation FY 2019-20
- Master file Designation in Form No. 3CEAB
- CbCr Intimation in Form No. 3CEAC – for Indian Company of an international group where accounting year is 1 January 2019 to 31 December 2019)
Notes
However, it must be noted that in September 2020, the Taxation and Other Laws (Relaxation of Certain Provisions) Bill, 2020 was passed in parliament to incorporate the effect of Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 dated 31 March 2020 read with the notification dated 24 June 2020. The said bill has extended all respective due dates, falling during the period from 20 March 2020 to 31 December 2020, except the ones mentioned below till 31 March 2021.
However, the benefit of the extended due date shall not be available in respect of payment of taxes (including equalization levy). However, any delay in payment of tax, which is due for payment from 20 March 2020 to 31 December 2020, shall attract interest at the lower rate of 0.75% for every month or part thereof if the same is paid after the due date but on or before 31 December 2020.
By virtue of a press release dated 24 October 2020, the government has extended the due date of furnishing the Income Tax Returns and Audit reports
- Due date for furnishing return of income for non-corporate taxpayer, whose due date for file tax return was 31 July 2020, is extended to 31 December 2020
- Due date for furnishing return of income for corporate taxpayers, whose due date for filing tax return was 31 October 2020, has been extended to 31 January 2021.
- The due date for furnishing return of income for taxpayers to whom transfer pricing provisions are applicable, and whose due date for filing tax return was 30 November 2020 has been extended to 31 January 2021. Consequently the relevant due date for furnishing the Form No. 3CEB (Transfer Pricing) is 31 Dec 2020.
- The date for furnishing of various audit reports under the Act, including tax audit report and report in respect of international/specified domestic transaction, has also been extended to 31 December 2020
Though the due date for filing the income tax return for AY 2020-21 has been extended, no relief has been provided for payment of interest under section 234A if the self-assessment tax liability exceeds INR 1 Lakh.
Category A states - Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories
of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep.
Category B states - Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram,
Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi.