Ministry of Finance
Government grants further extension in timelines of compliances
Also announces tax exemption for expenditure on COVID-19 treatment and ex-gratia received on death due to COVID-19
Posted On: 25 JUN 2021 6:24PM by PIB Delhi
A. Tax exemption
Many taxpayers have received financial help from their employers and well-wishers for meeting their expenses incurred for treatment of COVID-19. In order to ensure that no income tax liability arises on this account, it has been decided to provide income-tax exemption to the amount received by a taxpayer for medical treatment from employer or from any person for treatment of COVID-19 during FY 2019-20 and subsequent years.
Also Read: Circular extending Income Tax Compliance Due Dates amid Covid-19
Unfortunately, certain taxpayers have lost their life due to COVID-19. Employers and well-wishers of such taxpayers had extended financial assistance to their family members so that they could cope with the difficulties arisen due to the sudden loss of the earning member of their family. In order to provide relief to the family members of such taxpayer, it has been decided to provide income-tax exemption to ex-gratia payment received by family members of a person from the employer of such person or from other person on the death of the person on account of COVID-19 during FY 2019-20 and subsequent years. The exemption shall be allowed without any limit for the amount received from the employer and the exemption shall be limited to Rs. 10 lakh in aggregate for the amount received from any other persons.
Necessary legislative amendments for the above decisions shall be proposed in due course of time.
B. Extension of Timelines
In view of the impact of the Covid-19 pandemic, taxpayers are facing inconvenience in meeting certain tax compliances and also in filing response to various notices. In order to ease the compliance burden of taxpayers during this difficult time, reliefs are being provided through Notifications nos. 74/2021 & 75/2021 dated 25th June, 2021 Circular no. 12/2021 dated 25th June, 2021. These reliefs are:
1. Objections to Dispute Resolution Panel (DRP) and Assessing Officer under section 144C of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) for which the last date of filing under that section is 1st June, 2021 or thereafter, may be filed within the time provided in that section or by 31st August, 2021, whichever is later.
2. The Statement of Deduction of Tax for the last quarter of the Financial Year 2020-21, required to be furnished on or before 31st May, 2021 under Rule 31 A of the Income-tax Rules,1962 (hereinafter referred to as “the Rules”), as extended to 30th June, 2021 vide Circular No.9 of 2021, may be furnished on or before 15th July, 2021.
3. The Certificate of Tax Deducted at Source in Form No.16, required to be furnished to the employee by 15th June, 2021 under Rule 31 of the Rules, as extended to 15th July, 2021 vide Circular No.9 of 2021, may be furnished on or before 31st July, 2021.
4. The Statement of Income paid or credited by an investment fund to its unit holder in Form No. 64D for the Previous Year 2020-21, required to be furnished on or before 15th June, 2021 under Rule 12CB of the Rules, as extended to 30th June, 2021 vide Circular No.9 of 2021, may be furnished on or before 15th July, 2021.
5. The Statement of Income paid or credited by an investment fund to its unit holder in Form No. 64C for the Previous Year 2020-21, required to be furnished on or before 30th June, 2021 under Rule 12CB of the Rules, as extended to 15th July, 2021 vide Circular No.9 of 2021, may be furnished on or before 31st July, 2021.
6. The application under Section 10(23C), 12AB, 35(1)(ii)/(iia)/(iii) and 80G of the Act in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc., required to be made on or before 30th June, 2021, may be made on or before 31St August, 2021.
7. 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 under the provisions contained in Section 54 to 54GB of the Act, for which 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.
8. The Quarterly Statement in Form No. 15CC to be furnished by authorized dealer in respect of remittances made for the quarter ending on 30th June, 2021, required to be furnished on or before 15th July, 2021 under Rule 37 BB of the Rules, may be furnished on or before 31st July, 2021.
9. The Equalization Levy Statement in Form No. 1 for the Financial Year 2020-21, which is required to be filed on or before 30th June, 2021, may be furnished on or before 31St July, 2021.
10. The Annual Statement required to be furnished under sub-section (5) of section 9A of the Act by the eligible investment fund in Form No. 3CEK for the Financial Year 2020-21, which is required to be filed on or before 29th June, 2021, may be furnished on or before 31st July, 2021.
11. Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th June, 2021, which is required to be uploaded on or before 15th July, 2021, may be uploaded by 31st August,2021.
12. Exercising of option to withdraw pending application (filed before the erstwhile Income Tax Settlement Commission) under sub-section (1) of Section 245M of the Act in Form No. 34BB, which is required to be exercised on or before 27th June, 2021, may be exercised on or before 31st July,2021.
13. Last date of linkage of Aadhaar with PAN under section 139AA of the Act, which was earlier extended to 30th June, 2021 is further extended to 30th September, 2021.
14. Last date of payment of amount under Vivad se Vishwas(without additional amount) which was earlier extended to 30th June, 2021 is further extended to 31st August, 2021.
15. Last date of payment of amount under Vivad se Vishwas (with additional amount) has been notified as 31st October, 2021.
16. Time Limit for passing assessment order which was earlier extended to 30th June, 2021 is further extended to 30th September, 2021.
17. Time Limit for passing penalty order which was earlier extended to 30th June, 2021 is further extended to 30th September, 2021.
18. Time Limit for processing Equalisation Levy returns which was earlier extended to 30th June, 2021 is further extended to 30th September, 2021.
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RM/MV/KMN
(Release ID: 1730346)
Recent Press Release/Notifications/Circular on Due Date Extension
| 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 |
LTCG.. I have deposited LTCG amount in a Bank and date is expiring in November ending i.e completion of 3 years. Because of Covid pandemic, work cound not be completed and LTCG amount not yet utilized. Can I get extension of time to spend money from LTCG account money on my construction work.
There are way better companies other than Infosys for the job. All this has caused shit load menace and difficulty to the assessees’ which may further flood the courts with writ petitions and waste of money. It was notified by the CBDT to start the E-filing Portal 2.0, 07.06.2021 onward initially but as we stand the website is only causing waste of time, efforts, etc. violating the principals of natural justice.
Furthermore, the CBDT has time to time extended various due dates which has caused less reporting, uncalled urgency, financial crunch left alone the loss of life of near and dear ones. There are end number of errors and glitches on the new available portal which however may never be addressed or give any relief to the assessee by the CBDT without any specific directions from the courts despite the prevailing problem of different courts having different views but the N-eAC is PAN India.
Many thanks for extended time.
What about extension of TCS date? Perhaps they have forgotten at both the extensions. No. of Tax deductors not able to file returns due to COVID Curfew. Consequently huge late fees demands generated. Govt. should re consider the same at the earliest.
We welcome the decision of the CBDT. Direct Taxes Professionals Associations as well as other organisation had urged for such extension of Timelines for Compliances and for Relief in case of Covid Patients.
Narayan Jain Adv
Chairman, DTPA Representation Committee
98309 51252
For what purpose the old website was abandoned and new non functional website is brought out is not understandable. Waste of not only time but also wastage of hard earned tax payers fund being spend for no reason in such pandemic time.
No extension of time for filing appeal against the assessment order passed by AO at NFAC, Delhi for which due date was or after 07/06/2021. Due to mess in the new income tax website, Form No. 35 cannot be filed due to technical errors.
THEY ARE NOT GLITCHES IN THE NEW IT PORTAL BUT HUGE DEFECTS..THEY WILL TAKE MORE THAN A YEAR TO SOLVE BRING BACK THE OLD PORTAL.TIME IS BEING WASTED AND TAX PAYERS SEE NO END TO THEIR MISERY.THIS WILL BE LIKE VIVID WITH NO CURE IN SIGHT
We all facing problems in login income tax website due to minor mismatch in spelling, address etc.
To correct these problems we required to approach PAN , Adhaar, election comission and due to covid19 nobody is available now. For which individual will not able to file ITR in time. Also software is not working.
At least this year government should allow earlieser version or extend the date filing ITR.
Very informative & important posts.
Thanks for extended time for income tax filings
Is the extension because of Covid or the mess created by Infosys which the Govt. Cannot admit