Charitable donation deduction under section 80G: employer-issued Form 16 suffices for consolidated PM CARES contributions.
Deduction under section 80G for donations to the PM CARES Fund is admissible where employees donate through their employer in consolidated payments; in such cases the Form 16 or certificate issued by the Drawing and Disbursing Officer/employer will suffice as the basis for claiming the deduction.

Lower rate TDS/TCS certificates: pending TRACES applications may receive certificates covering unpaid credited or debited amounts after application.
Order requires applicants who timely filed for lower or nil TDS/TCS on the TRACES Portal to e mail the Assessing Officer evidencing pendency; the Assessing Officer must dispose of pending applications and e mail issuance or rejection. A issued certificate for lower or nil deduction/collection applies to amounts credited or debited in the financial year after the application date that remained unpaid or not received until issuance, and the applicant must share the certificate with the deductor/collector.

Extension of Form 15G and 15H validity permits non deduction of TDS where prior forms were filed; payers must report in TDS statement.
Taxpayers who submitted valid Forms 15G and 15H for FY2019-20 are deemed to have validly furnished those forms up to 30.06.2020 for FY2020-21 due to COVID 19 disruptions; payers who do not deduct tax relying on these forms must report the payments/credits in the TDS statement for the quarter ending 30.06.2020 as per TDS reporting rules.

Lower or nil TDS/TCS certificates: prior-year certificates temporarily extended and email-based application and issuance enabled.
Assessing Officers may extend applicability of prior-year lower or nil deduction/collection certificates temporarily until a specified cutoff or disposal of pending applications; taxpayers without portal filings must follow an interim email-based procedure submitting Form 13, historic and projected financials, tax records and transaction details, and Assessing Officers will issue emailed certificates stating deductor TAN, deductee PAN, financial year, relevant source section, estimated sums, applicable rate and validity period. Non-resident payments with a permanent establishment not covered above are subject to a prescribed temporary withholding rate until the temporary period or disposal.

Extension of due date for filing income-tax returns and tax audit reports, with late filings deemed timely.
Extension of the due-date for filing income-tax returns and tax audit reports for all categories of assessees in the Union Territory of Jammu and Kashmir and Union Territory of Ladakh is extended to 31st March 2020 under powers conferred by the Income-tax Act. Returns and tax audit reports filed after 31st January 2020 until issuance of the order are deemed to have been filed within the due date specified under section 139(1) read with earlier CBDT orders.

Tax Deduction from Salaries: TDS not required unless estimated salary is taxable after exemptions and deductions.
The corrigendum replaces a gross threshold rule by stipulating that no tax shall be deducted at source unless the estimated salary income, including perquisites, is taxable after giving effect to the exemptions, deductions and relief as applicable; Circular No.04/2020 is modified accordingly.

Vivad se Vishwas dispute resolution: streamlined settlement requires percentage-based payment of disputed tax and grants immunity when paid.
The circular explains Vivad se Vishwas as a voluntary settlement framework covering specified pending income-tax appeals, writs, DRP matters, revision applications and arbitral proceedings, while excluding certain categories; it prescribes calculation of disputed tax (including adjustments for rectifications and prior payments), tiered percentage payments depending on timing and case-type, credit for taxes already paid, DA determination and certification procedures, non-refundability of payments, withdrawal and adjustment mechanics, waiver of interest and penalty on settled arrears, and immunity from prosecution, without treating settlement as concession of the tax position.

Condonation of delay in tax filings: commissioners may admit belated Form 9A/Form 10 where return filed by year end.
The Board authorises Commissioners of Income tax (Exemptions) under section 119(2)(b) to admit belated applications for condonation of delay in filing Return of Income and decide on merit where an application for belated condonation of Form 9A/Form 10 has been filed and the Return of Income was filed on or before 31st March of the relevant assessment year; other applications remain subject to extant authorities and practice.

Designated income-tax authority to share taxpayer data with market regulator under an information-exchange framework for market surveillance purposes.
Principal Director General of Income-tax (Systems) is designated to furnish taxpayer-related information to the securities market regulator via request-based, suo moto and automatic exchanges, including PAN/KYC, financial particulars, Form 61A and TDS/TCS data; disclosures require an opinion of necessity for the regulator's functions and are governed by a Memorandum of Understanding detailing modalities, confidentiality, data preservation and timelines.

Income tax deduction from salaries for FY2019 20: prescribed rates, PAN/Aadhaar rules, evidence requirements and employer reporting obligations.
The Circular prescribes tax slab rates, surcharge bands and 4% health and education cess for FY 2019-20, and directs persons responsible for paying salaries to estimate an employee's annual salary (after allowable exemptions/deductions), compute tax at prescribed rates subject to sec. 206AA, and deduct TDS at each payment with intra year adjustments permitted. Employers may elect to pay tax on non monetary perquisites (taxed at the average rate) and must collect prescribed evidence (Form 10E, Form 12BB, computation of house property loss, Form 12BA) before allowing exemptions or deductions; reporting, deposit, Form 16/24Q/24G procedures and penalties for non compliance are set out.

Condonation of delay in filing Forms 9A and 10 permits belated submissions within one year subject to reasonable-cause and investment checks.
For assessment year 2018-19 and subsequent years Commissioners of Income-tax are authorized to admit belated electronic submissions of Form No. 9A and Form No. 10 where delay does not exceed one year, provided the Commissioner is satisfied that the assessee was prevented by reasonable cause from timely filing; in respect of Form No. 10 the Commissioner must also verify that accumulated amounts have been invested or deposited in the permissible modes for accumulated funds.

Condonation of delay in filing Form 10B allows commissioners to admit belated audit report applications on merits.
The CBDT authorises condonation mechanisms for belated filing of Form No.10B: delays where the audit report was obtained before filing but furnished after filing yet before the due date have been condoned for earlier specified years; for the assessment year 2018-19 and subsequent years, commissioners may admit and decide belated applications within a prescribed period, provided they are satisfied the assessee was prevented by reasonable cause from filing timely, and must examine each application on its merits before exercising discretion to condone delay and affect exemption entitlement under sections 11 and 12.

Relaxation of time for compounding of offences - final extension allows eligible taxpayers to file compounding applications under existing conditions.
Extension of the filing window allows a final opportunity for taxpayers to apply for compounding of offences before the competent authority (Pr. CCIT/CCIT/Pr. DGIT/DGIT); all other conditions and procedural prescriptions of the earlier relaxation circular remain unchanged and continue to govern eligibility, documentation and processing of applications.