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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
Page Contents
- EXTENSION OF TIME LIMITS FOR EASE OF TAX COMPLIANCE
- Compliances related to filing of Statements/ Certificate
- Compliances related to filing of Statements/ Certificate
- Compliances related to filing of Application/Investment, deposit etc.
- Compliances related to filing of Statements
- Compliances related to uploading of declaration/exercising of option/other compliances
- Compliances related to filing of Objections to DRP and Assessing Officer
- Compliances related to passing of order/processing of returns
- Compliances related to Vivad Se Vishwas Act, 2020
EXTENSION OF TIME LIMITS FOR EASE OF TAX COMPLIANCE
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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. | 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. |
| .
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 | 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 | 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 |
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 | 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 |
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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 |
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