{"id":3189,"date":"2020-08-05T15:12:36","date_gmt":"2020-08-05T09:42:36","guid":{"rendered":"https:\/\/www.finsafe.in\/financial-wellness\/?page_id=3189"},"modified":"2022-11-18T12:42:10","modified_gmt":"2022-11-18T07:12:10","slug":"june-2020-monthly-updates","status":"publish","type":"page","link":"https:\/\/www.finsafe.in\/financial-wellness\/june-2020-monthly-updates\/","title":{"rendered":"monthly update"},"content":{"rendered":"\t\t
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13) In June 2020, the deadline for investing in tax saving products for FY 2019-20 was further extended to 31st July 2020. Also stamp duty was introduced on purchase of securities like stocks, mutual funds, debentures, etc.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Particulars<\/td>\nOld<\/td>\nNew<\/td>\n<\/tr>\n
PAN Aadhar Linkage Deadline<\/td>\n\n
    \n \t
  • Last date for linking PAN and Aadhar was 30th June 2020.<\/li>\n<\/ul>\n<\/td>\n
\n
    \n \t
  • Last date for linking PAN and Aadhar has ben extended to\n31st March 2021.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Investments for availing tax\nbenefits for FY 2019-20<\/td>\n\n
    \n \t
  • Investments for availing tax benefits for FY 2019-20 to be\nmade by 30th June 2020.<\/li>\n<\/ul>\n<\/td>\n
\n
    \n \t
  • Investments for availing tax benefits for FY 2019-20 can\nnow be made up to 31st July 2020.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Due Date for filing Income Tax\nReturns for FY 2019-20<\/td>\n\n
    \n \t
  • Deadline for filing Income Tax Returns for FY 2019-20 was\n31st July 2020.<\/li>\n<\/ul>\n<\/td>\n
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    \n \t
  • Deadline for filing Income Tax Returns for FY 2019-20 was\n30th November 2020.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Belated Income Tax Returns for\nFY 2018-19<\/td>\n\n
    \n \t
  • Last date for filing Belated income tax returns for FY 2018-\n19 was extended to 30th June 2020.<\/li>\n \t
  • A penalty or interest would however be applicable for\nfiling belated returns.<\/li>\n<\/ul>\n<\/td>\n
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    \n \t
  • Last date for filing Belated income tax returns for FY 2018-\n19 was extended to 30th June 2020.<\/li>\n \t
  • A penalty or interest would however be applicable for filing belated returns.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Stamp Duty<\/td>\n\n
    \n \t
  • Stamp duty was not applicable on Securities like Mutual\nFund \/ shares \/ NPS \/ ULIP\/ PF.<\/li>\n<\/ul>\n<\/td>\n
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    \n \t
  • Effective 1st July 2020, Stamp duty applicable on\npurchase of securities like shares, Mutual Funds,Debentures, ULIP, NPS, PF etc.\n( Refer to the next slide for detailed information)<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Withdrawal of Covid-19 relief\nmeasures<\/td>\n\n
    \n \t
  • Partial withdrawal from EPF for Covid-19 related expenses.<\/li>\n \t
  • ATM withdrawal charges waiver \u20133 months.<\/li>\n \t
  • No Penalty for not maintaining minimum account balance.<\/li>\n<\/ul>\n<\/td>\n
\n
    \n \t
  • Partial withdrawal from EPF for Covid-19 has been removed.<\/li>\n \t
  • ATM withdrawal charges waiver no longer exists.<\/li>\n \t
  • Penalty for not maintaining minimum account balance.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
      \n \t
    • Mutual Funds : 0.005% on net investment<\/li>\n \t
    • Mutual Fund transfers done on a platform or exchange : 0.015% on\nnet investments.<\/li>\n \t
    • Equity trades on delivery and non delivery basis: 0.015% and 0.003%.<\/li>\n \t
    • For off market transactions, there was no stamp duty but now this is\nchanged to 0.015% on buy side.<\/li>\n<\/ul>\n<\/div>\n