The Board of Direct Taxes (Income Tax Department) vide circular No. 12 of 2021 & Press Release dated 25.06.2021, in exercise of its power under section 119 of the Income-tax Act, 1961 (Act) has issued circular w.r.t. Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic and spike in Covid-19 cases and also announces tax exemption for expenditure on COVID-19 treatment and ex-gratia received on death due to COVID-19:

Extension Table

Sl. Nature of Extension Provisions of IT Act 1961 Original Due Date Extended Due Date
1 Objections to Dispute Resolution Panel (DRP) and Assessing Officer under section 144C of the Income-tax Act, 1961 Section 144C  

01.06.2021

 

31.08.2021

2 The Statement of Deduction of Tax for the last quarter of the Financial Year 2020-21 Rule 31A of the Income-tax Rules, 1962  

31.05.2021

 

15.07.2021

3 The Certificate of Tax Deducted at Source in Form No.16 Rule 31 of the Income-tax Rules, 1962  

15.06.2021

 

31.07.2021

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 Rule 12CB of the Income-tax Rules, 1962  

15.06.2021

 

15.07.2021

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

Rule 12CB of the Income-tax Rules, 1962  

30.06.2021

 

31.07.2021

6 The application in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc., Under Section 10 (23C), 12AB, 35 (1) (ii) /(iia) / (iii) and 80G of the Act  

 

30.06.2021

 

 

31.07.2021

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  

 

Section 54 to 54GB of the Act

 

 

Between 01.04.2021 to 29.09.2021

 

 

30.09.2021

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 Rule 37 BB of the Income-tax Rules, 1962  

 

30.06.2021

 

 

31.07.2021

9 The Equalization Levy Statement in Form No. 1 for the Financial Year 2020-21  

30.06.2021

 

31.07.2021

10 The Annual Statement required to be furnished by the eligible investment fund in Form No. 3CEK for the Financial Year 2020-21  

Section 9A (5) of the Act

 

29.06.2021

 

31.07.2021

11 Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th June, 2021  

Form No. 15G/15H

 

15.07.2021

 

31.08.2021

12 Exercising of option to withdraw pending application (filed before the erstwhile Income Tax Settlement Commission) in Form No. 34BB, w under Section 245M (1) of the Act  

27.06.2021

 

31.07.2021

13 Last date of linkage of Aadhaar with PAN Section 139AA of the Act  

30.06.2021

 

30.09.2021

14 Last date of payment of amount under Vivad se Vishwas (without additional amount)  

30.06.2021

 

31.08.2021

15 Last date of payment of amount under Vivad se Vishwas (with additional amount)  

31.08.2021

16 Time Limit for passing assessment order  

30.06.2021

 

30.09.2021

17 Time Limit for passing penalty order  

30.06.2021

 

30.09.2021

18 Time Limit for processing Equalisation Levy returns  

30.06.2021

 

30.09.2021

Clarifications by CBDT:

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.

*****

Source: Press Release and Notification

Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.

Author Bio

More Under Income Tax

One Comment

  1. casanjay94 says:

    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 30* June, 2021, may be made on or before 31°° August, 2021.

Leave a Comment

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

Search Posts by Date

September 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930