Central Govt provides further relief to taxpayers during these difficult Covid times by extending timelines of certain compliances.

Here is a quick look at the list of compliances that have been extended by CBDT Circular No 12/2021, Notification Nos 74/2021 & 75/2021 dt 25.06.2021

EXTENSION OF TIME LIMITS FOR EASE OF TAX COMPLIANCE

Compliances related to filing of Statements/ Certificate

Compliances related to filing of Statements/ Certificate

Section of Income-tax Act, 1961 / Rule or Form of Income-tax Rules, 1962 Existing Due Date Extended due date
The Statement of Deduction of Tax for the last quarter of the Financial Year 2020-21 Rule 31A 30th June, 2021 15 July, 2021
The Certificate of Tax Deducted at Source required to be furnished to the employee Form No. 16 / Rule 31 15th July, 2021 31 July, 2021
The Statement of Income paid or credited by an investment fund to its unit holder for the Previous Year 2020-21 Form No. 64D / Rule 12CB 30th June 2021 15th July, 2021
The Statement of Income paid or credited by an investment fund to its unit holder for the Previous Year 2020-21 Form No. 64C / Rule 12CB 15th July, 2021 31st July, 2021

Compliances related to filing of Application/Investment, deposit etc.

Compliances related to filing of Application/Investment, deposit etc. Section of Income-tax Act, 1961 / Rule or Form of Income-tax Rules, 1962 Existing Due Date Extended due date
The application for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc. Section 10(23C),12AB,
35(1)(ii)/(iia)/(iii) and 80G/
Form No.10A/ Form No.10AB,
30th June, 2021 31″ Aug, 2021
The compliances to be made by the taxpayers such as investment, deposit, payment, acquisition, purchase, construction or such other action, by whatever name called, for the purpose of claiming any exemption Section 54 to 54GB The last date of
such compliance
falls between 1st
April 2021 to 29th
September 2021
(both days
inclusive)
May be
completed on or
before 30th
September, 2021.

Due date office note with a blue thumb tack on pastel paper

Compliances related to filing of Statements

.

Compliances related to filing of Statements

Section of Income-tax Act, 1961 / Rule or Form of Income-tax Rules, 1962 Existing Due Date Extended due date
The Quarterly Statement to be furnished by authorized dealer in respect of remittances made for the quarter ending on 30th June, 2021 Form No. 15CC/
Rule 37 BB
15th July, 2021 31st July, 2021
The Equalization Levy Statement for the Financial Year 2020-21 Form No.1 30th June, 2021 31st July, 2021
The Annual Statement required to be furnished by the eligible investment fund for the Financial Year 2020-21 sub-section (5) of section 9A/ Form No. 3CEK 29th June, 2021 31st July, 2021.

Compliances related to uploading of declaration/exercising of option/other compliances

Compliances related to uploading of declaration/exercising of option/other compliances Section of Income-tax Act, 1961/ Rule or Form of Income-tax Rules, 1962  

Existing Due Date

 

Extended due date

Uploading of the declarations received from recipients during the quarte rending 30th June, 2021 Form No. lSG/lSH 15th July, 2021 31st August, 2021
Exercising of option to withdraw pending application (filed before theerst while Income Tax Settlement Commission) Sub-section (1) of Section 245M of the Actin Form No. 3488 27th June, 2021 31st July, 2021
Linkage of Aadhaar with PAN Section 139AA 30th June, 2021 30th Sept,2021

Compliances related to filing of Objections to DRP and Assessing Officer

Compliances related to filing of Objections to DRP and Assessing Officer Section of Income-tax Act, 1961/Rule or Form of Income-tax Rules, 1962 Existing Due Date Extended due date
The last date to file the objections to Dispute Resolution Panel (DRP) and Assessing Officer (AO) Section 144C 1st June 2021 or  there after Within the time provided in Section 144 Cor by 31st August 2021, whichever is later

Compliances related to passing of order/processing of returns

 

Compliances related to passing of order/processing of returns

 

Existing Due Date

 

Extended due date

Time Limit for passing assessment order 30th June, 2021 30th Sept, 2021
Time Limit for passing penalty order 30th June, 2021 30th Sept, 2021
Time Limit for processing Equalisation Levy returns 30th June, 2021 30th Sept, 2021

Compliances related to Vivad Se Vishwas Act, 2020

Compliances related to Vivad Se Vishwas Act, 2020 Act Existing Due Date Extended due date
Last date of payment of Amount under Vivad se Vishwas (without additional amount) Vivad se Vishwas Act, 2020 301h June, 2021 31st August, 2021
Last date of payment of Amount under Vivad se Vishwas (with additional amount)  

Vivad se Vishwas Act, 2020

 

Notified as 31st October, 2021

Also Read: Recent Press Release/Notifications/Circular on Due Date Extension &  Exemption for Expenditure on covid treatment and on ex-gratia received on death due to covid

Notification No. 75/2021-Income Tax| Dated: 25th June, 2021 Last date of payment under Vivad se Vishwas extended
Notification No. 74/2021-Income Tax| Dated: 25th June, 2021 CBDT issues Notification extending various Income Tax due date
Press Release Dated: 25th June, 2021 Govt extends 18 Income Tax Due Dates amid Covid 19
Circular No: 12 of 2021 | Dated: 25th June, 2021 Circular extending Income Tax Compliance Due Dates amid Covid-19

More Under Income Tax

One Comment

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

October 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031