New Delhi: Lockdown has been going on in the country for the last two months. However, preparations have been made by the government to relax it in several ways from Monday. At the moment, the government has also tried to give relief to the general public on its behalf. Be it the Prime Minister’s Poor Welfare Package or the Loan Moratorium by the RBI or the Self-Dependent India Economic Package announced by the government, the government is helping the people in many ways.
At the same time, due to Coronavirus, many financial deadlines, which were to be completed by 31 March 2020, have extended the last date for them to 30 June. Today we are going to tell you about those financial deadlines, which you have to complete by this date.
Linking PAN to Aadhaar
The government has extended the deadline for linking PAN to Aadhaar from 31 March to 30 June. If you have not yet linked your Aadhaar card with PAN, then do so. Otherwise, the PAN card will be cancelled after June 30.
Investment to get a tax rebate
For the financial year 2019-20, the Income Tax Department has extended the last date for filing ITR from 31 July to 30 November. At the same time, to save tax, the time limit for investing under Section 80C, 80D, 80E of the Income Tax Act has been extended till June 30.
ITR for 2018-19
If you have not yet filed the ITR return for the financial year 2018-19, you can file it. Apart from this, revised ITR can also be filed by June 30. The last date to file these ITRs was 31 March, which has now moved forward.
Form 16 for Employees
Normally, the employees received the form from their company in the month of May 16, but this time the government has issued the date of issuance of Form 16 through an ordinance between June 15 to June 30. Form 16 is a kind of TDS certificate, which is required when filing ITR.
Credit to Small Savings Account
If you have not deposited any minimum amount in PPF or Sukanya Samriddhi account till 31 March 2020, then you can do this work till 30 June. There is a provision for penalty for not depositing the minimum amount, which is currently withdrawn by the Department of Posts.
PPF account has become matured
If your PPF account has matured on March 31 and you want to extend such accounts for the next five years, then you will be able to get these done by June 30. The postal department had taken out a circular in this regard on 11 April.