Extension of due date of furnishing of Income Tax Returns and Audit Reports
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (‘the Ordinance’) on 31st March, 2020 which, inter alia, extended various time limits. The Ordinance has since been replaced by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act.
The Government issued a Notification on 24thJune, 2020 under the Ordinance which, inter alia, extended the due date for all Income Tax Returns for the FY 2019-20 (AY 2020-21) to 30th November, 2020. Hence, the returns of income which were required to be filed by 31st July, 2020 and 31st October, 2020 are required to be filed by 30th November, 2020. Consequently, the date for furnishing various audit reports including tax audit report under the Income-tax Act, 1961 (the Act) has also been extended to 31st October, 2020.
In order to provide more time to taxpayers for furnishing of Income Tax Returns, it has been decided to further extend the due date for furnishing of Income-Tax Returns as under:
(A) The due date for furnishing of Income Tax Returns for the taxpayers (including their partners) who are required to get their accounts audited [for whom the due date (i.e. before the extension by the said notification) as per the Act is 31st October, 2020] has been extended to 31st January, 2021.
(B) The due date for furnishing of Income Tax Returns for the taxpayers who are required to furnish report in respect of international/specified domestic transactions [for whom the due date (i.e. before the extension by the said notification) as per the Act is 30th November, 2020] has been extended to 31st January, 2021.
(C) The due date for furnishing of Income Tax Returns for the other taxpayers [for whom the due date (i.e. before the extension by the said notification) as per the Act was 31st July, 2020] has been extended to 31st December, 2020.
Consequently, 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 31st December, 2020.
Further, in order to provide relief to small and middle class taxpayers, the said notification dated 24th June, 2020 had also extended the due date for payment of self-assessment tax for the taxpayers whose self-assessment tax liability is up to Rs. 1 lakh. Accordingly, the due date for payment of self-assessment tax for the taxpayers who are not required to get their accounts audited was extended from 31st July, 2020 to 30th November, 2020 and for the auditable cases, this due date was extended from 31st October, 2020 to 30th November, 2020.
In order to provide relief for the second time to small and middle class taxpayers in the matter of payment of self-assessment tax, the due date for payment of self-assessment tax date is hereby again being extended. Accordingly, the due date for payment of self-assessment tax for taxpayers whose self-assessment tax liability is up to Rs. 1 lakh has been extended to 31st January, 2021 for the taxpayers mentioned in para 3(A) and para 3(B) and to 31st December, 2020 for the taxpayers mentioned in para 3(C).
The necessary notification in this regard shall be issued in due course.
UP (W) Circle has won the distinction of holding the first virtual meeting of the Circle Executive Committee on 25-10-2020.
The meeting started with paying rich tribute to the founder Circle Secretary, Com.Abdul Rashid. Com.K G Jayaraj, General Secretary inaugurated the meeting with a brief speech as the meeting was scheduled to conclude within one hour. General Secretary focused on the important issues of denial of medical facilities to the retirees in a cruel and discriminatory manner by the BSNL management and Pension Revision. He assured that decision for another phased progrm of agitation will be taken in due course. Com.S S Maurya, Circle Secretary presented the report and Com.R V Singh, Treasurer briefed on the financial position.
Com.Mohammed Israil, Circle President controlled the proceedings. In the discussion, Comrades expressed strong resentment against the continuing denial of medical facilities.
CHQ congratulates UP(W) Circle for holding the CEC meeting online.
Hon’ble Finance Minister,
Govt. of India, North Block,
New Delho. 110 001.
Sub: Request for festival grant or advance.
As you are aware the Pandemic Covid 19 is spreading unabated, contrary to our expectation. Since both the preventive and curative remedies are yet to be in operation, the situation is likely to get worsened in the days to come. The number of people already affected and the number of persons died in our country due to the disease are alarming. Most of the deaths are reported to be of persons beyond the age of 60.
Life is made more difficult for the Pensioners and Family Pensioners as their physical movement is restricted and that financially they are suffering more than many others. In this situation, we have seen a welcome move that the Government of India has relaxed the condition as a one-time measure and granted Festival Advance to the Government Employees. Even though it is a recoverable advance, the liquid cash at the hands of employees is no doubt will be of enormous assistance to them.
The Pensioners and Family Pensioners, are placed in a very difficult situation due to the denial of the dearness relief which is to continue up-to 1st July, 2021. The financial burden has increased due to the inflation and phenomenal price rise on essential food items. Considering the dire situation in which the pensioner community is placed, we request that the Central Government may consider a one-time grant of Rs.20,000/- to all Pensioners and Family Pensioners. If the Government finds it difficult to bear this additional financial burden, we request the Government might consider taking into account the fact that the coming months are festival months in our country and grant of one-time recoverable advance of Rs.20,000/- to Pensioners and Rs.10,000/- to Family Pensioners through the Banks or POSB, where they receive the Pension and Family Pension. The Banks and POSBs may be asked to recover the amount in 10 monthly instalments. This Advance should be in addition to any loans the Pensioners and Family Pensioners received from Banks in the past. The Pensioners and Family Pensioners will feel much relieved at this time of financial and mental stress.
The Government may consider our proposals quickly and render invaluable relief to the community of Pensioners and Family Pensioners.
THE BASE YEAR CHANGE FOR CONSUMERS PRICE INDEX FOR-INDUSTRIAL WORKER A DESIGN TO MANIPULATE THE REALITY OF PRICE MOVEMENT.
The Centre of Indian Trade Unions expresses serious concern over the change in the base year of consumer Price Index for the industrial workers (CPI-IW) from 2001 to 2016 announced by the BJP Govt through its Labour Minister, arrogantly ignoring all the questions raised and suggestions made by all the trade unions in the country through their joint letter dated 25th August 2020.
Entire exercise made by the Labour Bureau functioning under Ministry of Labour on this matter has been thoroughly arbitrary, deliberately designed to suppress the real impact of the price rise of essential items for human survival and also to deprive the workers of their entitlement for legitimate DA. The Labour Bureau deliberately ignored the very fact that even in the midst of economic slowdown, the prices of essential items, food items in particular always remain on the rise and did not hesitate to arbitrarily as well as drastically reduce the weight assigned to food items in the standard consumption basket from 46.2% to 39% for the purpose of computation of consumer price index. Minister’s statement justifying this arbitrary reduction as change in the consumption pattern of the working people away from food item is absolutely ridiculous and cruel inhuman joke; this is done when the average consumption expenditure marked a sharp decline with the rural consumption expenditure falling by more than 9 per cent as per CSO estimate (suppressed by the Modi Govt); and also when in global hunger index, India has been ranked as low at 94 out of 107 nations under survey below Bangaladesh and Pakistan.
Manipulation by the Govt with a dubious intent does not end here. It is also done in the linking factor for converting the numbers of 2016 to 2001 series equivalent to suppress the impact of actual price rise. Two previous changes of base year witnessed a higher linking factor of 4.93 (1960 to 1982 -22 years gap) and 4.63 (1982 to 2001—19 years gap); now a 16 years gap (2001 to 2016) entailed a linking factor of only 2.88 (62% reduction for difference in 3 years in gap.). Can fraud go further ?
Then the choice of base year in 2016 is also designed for manipulation to suppress the impact of price rise. Originally till July 2020, exercise was being done with the idea of 2013-14 as the base year. Changing it to 2016 is an afterthought by the Modi regime as the same year, the notorious demoetisation was undertaken affecting negatively the price-level of the items in standard consumption basket for CPI-IW owing to virtual collapse of the economic operation in the country in the last quarter of 2016. This change is also done with the purpose of suppressing the real impact of price rise.
The employers’ oranisations have long been demanding upon the Govt to freeze the variable DA payment to workers as a relief to them during the period of economic slowdown. Govt has now responded to that demand of their capitalist bosses through backdoor. The present exercise of changing base year of CPI-IW to 2016 with all its components, some of which are mentioned here, is meant for that at the cost of the working people.
CITU denounces such anti-worker pro corp.orate step by the BJP Govt and calls upon the workers and unions to protest and oppose the nefarious design to loot the workers and the people for the benefit of the corporate class. March forward for making the Countrywide General Strike on 26th November 2020 a massive success.
This time , the Foundation Day of our mighty organisation , AIBDPA was to be celebrated amid discontentment and strong protest against denial of pension revision and medical facilities to BSNL pensioners and Covid-19 pandemic challenge. All these adverse conditions did not deter our Comrades all over the country from celebrating the Foundation Day befittingly.
Sweets were distributed in many places. In some Districts like Vellore in Tamil Nadu 5 kg rice each was distributed to 65 BSNL contract workers whose wages are not being paid for months, incurring an expenditure of Rs.11,930 to the district Branch. They also utilized the occasion to enroll 16 new members, mostly AGMs and DEs to AIBDPA. All the 8 branches under Vellore District Branch have celebrated the Foundation Day as reported by Com.Jothisudanthiranathan, District Secretary. Kolkata Telecom Factory & Stores along with BSNLEU Kolkata Telephones Circle distributed relief to BSNL Casual Contract workers and the Tea Vendors near the Telecom FActory.
CHQ heartily congratulates all our comrades for celebrating the Foundation Day of our great oragnisation in a fantastic manner.
Some of the photos received are published below;
NAGERCOIL, TAMIL NADU.
KOLKATA TELECOM DISTRICT
CGMT OFFICE, LUCKNOW
CHENNAI TELECOM DISTRICT.
POLLACHI, TAMIL NADU
KOLKATA TELECOM FACTORY & STORES
BURDWAN, WEST BENGAL
EAST GODAVARI, AP
KOVILPATTY, TAMIL NADU
VILLUPRAM, TAMIL NADU
PURULIA, WEST BENGAL
DINDUGAL, TAMIL NADU
TIRUPUR, TAMIL NADU
PALLADAM, TAMIL NADU
OOTY, TAMIL NADU
MANNARKUDI, TAMIL NADU
ERODE, TAMIL NADU
KHARAGPUR, WEST BENGAL
BOLPUR, WEST BENGAL
KUMBAKONAM, TAMIL NADU
Pension Revision- New Challenges and our task.
BSNL absorbed retirees are entitled to get the pension revision from 01-01-2017. But the government has taken a negative and unjustified stand and the Hon’ble Minister for Communications, Shri. Ravi Shankar Prasad has stated in the Parliament that pension revision is linked with wage revision of BSNL employees and will be considered once the wage revision is implemented.
But what are the facts ? When BSNL was formed , the government had declared that BSNL absorbed employees will be eligible to get pension from the consolidated fund of the government, as in the case of central government employees. Accordingly, to make them eligible for pension from the consolidated fund of the government, necessary amendment in the CCS (Pension) Rules, 1972 was made in the form of Rule 37A. Pension contribution is being made by BSNL to the government at the maximum of the pay scale of each employee. The condition of 60:40 stipulated earlier by the government having been scrapped, the entire liability of pension and pensionary benefits to BSNL absorbed retirees lies with the government. Thus, pension revision is not anyway connected to the poor financial condition of BSNL.
AIBDPA from the very beginning has demanded that pension revision should be granted from 01-01-2017 with 15% fitment, delinking wage revision. This was based on the last pension revision from 01-01-2007 with 30% fitment, which was the maximum recommended by the 2nd PRC and 3rd PRC recommending a maximum fitment of 15%. All Unions and Associations of BSNL (AUAB) also put forward the same demand vindicating AIBDPA stand on this vital issue. AIBDPA not only wrote letters , held discussions with the top officers and Minister, but also conducted several agitations for the settlement of the genuine issue.
Meanwhile the recommendation of the BSNL Board for wage revision of employees with 15% fitment from 01-01-2017, exempting BSNL from the affordability condition as per the provision in the 3rd PRC to the effect that affordability conditions are not applicable for the government companies which are implementing government projects, was turned down by the Department of Telecommunications. Thus AUAB had to go on a series of agitations including a 3 days strike in February, 2019. Thereafter, the Minister of State for Communications, Shri. Manoj Sinha was compelled to hold discussion with AUAB leaders and gave categorical assurances on important demands including pension revision, delinking wage revision. Accordingly, DoT wrote to Department of Pension & Pensioners Welfare asking modalities to revise the pension without wage revision. The DP&PW in return asked DoT to forward its proposal to which DoT did not reply at all for obvious reasons. ( It is an open secret that a dominant section of the bureaucracy in DoT was deadly against pension revision before wage revision.)
Then came the general elections in 2019 and Shri. Ravi Shankar Prasad replaced Shri. Manoj Sinha as the Cabinet Minister for Communications &IT. He took a stand similar to the bureaucracy and as stated above, that pension revision is possible only after wage revision. Some of the pensioners’ organizations, having been frustrated over this development, started talking about seeking legal remedy.
It was in this context that the Central Executive Committee meeting of AIBDPA held at Guwahati on 24-25, November, 2019, discussed the issue in details and unanimously decided against seeking legal remedy on pension revision. Instead , the CEC decided a phased programme of agitation, culminating in a Parliament March. As authorized by the CEC, CHQ took the initiative to contact other important pensioners’ organizations for a joint struggle but could not succeed. Therefore, we had no other option than go it alone. Mobilization of pensioners in a signature campaign in the Memorandum to the Prime Minister was held successfully in December, 2019. The second phase was meeting the Members of Parliament to seek their support. Our comrades met 196 MPs, irrespective of political affiliation, including two Cabinet Ministers, Speaker of Lok Sabha and four Ministers of State and the response was very positive and encouraging. Some of them wrote letters to the Prime Minister, Finance Minister and Communications Minister and certain other MPs raised the issue in the Parliament. The 3rd phase was Mass Hunger Strike at CCA offices on 12th February, 2020 which became a stupendous success with massive participation of pensioners. However we had to postpone the Parliament March of 12th March, 2020 due to breakout of Covid-19 pandemic, though all the arrangements were made.
Now, some of the pensioners’ associations have filed petitions in the Principal Bench of CAT, New Delhi seeking legal remedy of pension revision. While AIRBSNLEWA, SNPWA and three MTNL pensioners associations have demanded pension revision with 2.51 multiple factor, AIBSNLPWA has demanded pension revision on terms of 7th Pay Commission. One of the important functionaries of AIBSNLPWA, in an open video chat, giving details of the petition filed, has stated that the case involves huge expenditure and unpredicatable delay and may benefit the next generation of pensioners, if the final verdict is favourable.
The Regional Labour Commissioner (Central), New Delhi in the conciliation of the three days strike by AUAB held in February,2019, has asked the BSNL management to at least discuss and decide the wage revision of the non-executives. But the RLC has got its own limitations and pressure has to be exerted in the form of agitation in which AIBDPA is committed to participate. Recently, some of the proposals in the BSNL revival package like sovereign bond of Rs. 8,500 crore, monetization of BSNL assets etc are being implemented which are certain to ease the financial woes of BSNL. Further, the BSNL management has to implement the wage revision to motivate the employees.
But for pension revision, the government need not wait for the wage revision as it has nothing to do with BSNL. We hope that the government may now seriously think about it and implement the pension revision with 15% fitment from 01-01-2017, delinking wage revision. Otherwise, AIBDPA is committed to launch another phased program of agitation at the appropriate time.
Modi government often claims that India is marching ahead as the most emerging economy in the world. Yes, it is a fact that Indian Corporates have amassed assets even beyond their imagination, thanks to Modi government’s all out patronage. Ambani and Adani got a steep hike in their assets in a single year with increase of 73% and 61%, respectively.
But what about the common people ? The widening gap between the poor and the richest have put their lives to poverty and miseries. This fact is being vindicated through the study of global agencies. Now, according to the Global Hunger Index, released on 16-10-2020, India ranks 94 with Sudan and behind African countries, Kenya (84) Tanzania (89), Angola (93), among the 107 countries.
Our neigbhours are far ahead of India, China (5), Sri Lanka (64), Nepal (73), Bangladesh (75) and Pakistan (88).
India has the higest prevalance of wasted children under five years in the world, which reflects acute undernutrition. The report says that the situation has worsened during 2015-19 period, when the prevalance of child wasting was 17.3%, in comparison to 2010-14, when it was 15.1% .
The report is a clear indictment against Modi government’s pro-corporate and pro-rich policies.