CONTENTS: CBDT's Notification on due dates: Decrypting all hidden spots 1.Extension of due dates relating to Income-tax returns and Audit reports 2.Extension of due dates relating to TDS and TCS related compliances 3. Extension of other due dates

1. Taxmann Review Bulletin
A quick review of important Taxes & Laws updates reported on Taxmann.com
June 2020

3. I. Extension of due dates relating to Income-tax returns 05
and Audit reports
II. Extension of due dates relating to TDS and TCS 06
related compliances
III. Extension of other due dates 09
CONTENTS

4. Direct Taxes
Ready Reckoner
DR. VINOD K. SINGHANIA
1,650/-
BUY NOW

5. Taxmann’s Ultimate Best-Seller, ‘Direct Taxes Ready Reckoner’ is a ready
referencer for all provisions of the Income-tax Act.
The 44th Edition is updated till 17th May 2020, with the following
noteworthy features:
Analysis of all amendments by the Finance Act, 2020 and Taxation
and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020
Crisp & highly curated analysis of all the amendments
Analysis of all provisions of the Income-tax Act along with relevant
Follows the six sigma approach, to achieve the benchmark of ‘zero
error’
Tabular presentation of all key provisions of the Act
Provides analysis on Alternative Tax Regime along with Break Even
Tables
Computation of taxes on various slabs of Income
Ready referencer on tax rates, TDS rates, TCS rates, due dates, etc.
Direct Taxes
Ready Reckoner

6. InthemonthofMarch2020,theFinanceMinister,Smt.NirmalaSitharaman,
held a press conference to announce various measures to address the
concerns relating to statutory and regulatory compliance. To give effect to
such announcement, the Taxation and Other Laws (Relaxation of Certain
Provisions) Ordinance, 2020 (hereinafter referred to as ‘Ordinance 2020’)
was promulgated by the President of India.
The Ordinance had provided for the extension of various time-limits
under the Taxation and Benami Acts. It also provided for the extension of
issued under these Acts. Considering the situation arising out of COVID-19
pandemic, the Govt. has decided to further extend the due dates for
various compliances for the previous years 2019-20 and 2020-21 vide
said provisionempowers the Central Government to specify the new cut-
provides a new cut-off date ofcompliances which stands extended to a
Taxmann’s Editorial Team

7. 2019-20, etc.
no penalty and prosecution would be levied for such delayed compliance.
This relaxation has been provided only in respect of taxes which are due
Central Govt. to extend the due date. In absence of any announcement
shall be available to a taxpayer for making delayed payment of TDS, TCS
below tables.
Taxmann Review Bulletin | June 2020 02
(i) the 31st day of December, 2020 shall be the end date of the period
(ii) the 31st day of March, 2021 shall be the end date to which the
time limit for completion or compliance of such action shall stand
extended.
“
“

8. Income Tax Act
2,050/-
BUY NOW

9. Income Tax Act
The Present Publication is the 65th Edition & Updated till 25th May
2020, with the following noteworthy features:
Taxmann’s Bestseller Book for more than Five Decades
Follows the Six Sigma Approach to Achieve the Benchmark of
‘Zero Error’
Amended Provisions as per the following:
Finance Act, 2020 and,
Taxation and Other Laws (Relaxation of Certain Provisions)
Ordinance, 2020
Legislative History of Amendments, since 1961
Relevant Provisions of All Other Allied Laws referred to in the
Income-tax Act
Specially curated 'Guide to Amendments'
Comprehensive Table of Content
Relevant Section Numbers are printed in Folios for Quick
Navigation

10. Section 1
a report of transfer pricing (TP)
accounts audited under the
Incometax Act or under any other law
(b) In response to a notice issued
2
2
Note:
05

11. with Rule
Rule
to November, 2020 of month in which
tax is deducted
3
read with
during February 2020
during March 2020
with rule
read with
the month
2019-20 can be issued till 15-08-2020.
Taxmann Review Bulletin | June 2020 06

12. Income Tax Rules
1,945/-
BUY NOW

13. Income Tax Rules
The Present Publication is the 57th Edition & Updated till Income-tax
(12th Amendment) Rules, 2020 with the following noteworthy features:
Taxmann’s series of Bestseller Books for more than Five Decades
Incorporates all the changes made till the Income-tax (12th
Amendment) Rules, 2020
Follows the Six Sigma Approach, to Achieve the Benchmark of
‘Zero Error’
Coverage:
of
the Income-tax Act, are covered
Contains 23 divisions covering all Rules relevant under
the Income-tax Act, that is, Income-tax Rules, ICDS, STT Rules,
Equalisation Levy Rules, Small Saving Schemes, etc.
All Forms Carry Action Points that explains the Relevant
Provisions and Process of Filing

14. 09
read with Aadhaar number
(The extension has been given in those cases
where the due date falls between
authorities, commissioners or tribunal.
(The extension has been given in those
cases where the due date falls between
furnishing of any report, document etc.
(The extension has been given in those
cases where the due date falls between
7
Vivad se payment of disputed tax .
Vishwas
Act, 2020
of time.

15. Taxmann Review Bulletin | June 2020 10

16. Direct Taxes
Manual
Direct Taxes
Manual
Direct Taxes
Manual
5,895/-
BUY NOW

17. Direct Taxes Manual
The present publication is the 50th Edition that incorporates all changes
made by the Finance Act, 2020 & Taxation and Other Laws (Relaxation
of Certain Provisions) Ordinance, 2020 and Income-tax (12th Amend-
ment) Rules, 2020 with the following noteworthy features:
Taxmann's series of Bestseller Books for more than Five Decades
Follows the six-sigma approach, to achieve the benchmark of 'zero
error'
Published in three volumes:
Volume 1: Income-tax Act as amended by the Finance Act,
2020 & Taxation and Other Laws (Relaxation of Certain
Provisions) Ordinance, 2020. It also contains other allied Acts.
Volume 2: Income-tax Rules as amended up to Income-tax
(12th Amendment) Rules, 2020. It also contains other allied Rules
Volume 3: It includes the following –
i. All schemes relevant under the Income-tax Act, 1961
Tribunals
iv. Digest of all landmark rulings by the Apex Court,
High Courts & Tribunals
v. Specimen, models, and drafts of deeds, letters such as
indemnity bond, reply to notices, etc.

18. 59/32, New Rohtak Road,
New Delhi – 110005 (India)
Tel : +91-11-45562222
www.taxmann.com