CBDT vide Income Tax Circular No. 9 of 2021 Dated 20th May, 2021 extends due dates of Statement of Financial Transactions, Statement of reportable account, TDS returns, Form 16 wrt Tds salary returns, TDS/TCS book adjustment Form 24G, Tax Deduction statement by trustees of approved superannuation fund, Statement of Income paid or credited by investment fund in Form 64D, Statement of Income paid or credited by investment fund in Form 64C, Income tax returns for non-audit cases, Audit report, Audit report for international transaction or specified domestic transaction, Income tax returns for audit/ company cases, Income tax returns with due date 30th November 2021 and Belated/ Revised income tax returns.
Extended due dates are as follows:-
| Sl. No. | Compliances relating to | Period Covered | Applicable Rule/ Section | Original Date | Extended Date |
| 1. | Statement of Financial Transactions | 2020-21 | 114E | 31st May 2021 | 30th June 2021 |
| 2. | Statement of reportable account | Calendar year 2020 | 114G | 31st May 2021 | 30th June 2021 |
| 3. | TDS returns | Jan to March 2021 | 31A | 31st May 2021 | 30th June 2021 |
| 4. | Form 16 wrt Tds salary returns | 2020-21 | 31 | 15th June 2021 | 15th July 2021 |
| 5. | TDS/TCS book adjustment Form 24G | May 2021 | 30 & 37CA
|
15th June 2021 | 30th June 2021 |
| 6. | Tax Deduction statement by trustees of approved superannuation fund | 2020-21 | 33 | 31st May 2021 | 30th June 2021 |
| 7. | Statement of Income paid or credited by investment fund in Form 64D | 2020-21 | 12CB | 15th June 2021 | 30th June 2021 |
| 8. | Statement of Income paid or credited by investment fund in Form 64C | 2020-21 | 12CB | 30th June 2021 | 15th July 2021 |
| 9. | Income tax returns for non-audit cases | 2020-21 | Section 139(1) | 31st July 2021 | 30th September 2021 |
| 10. | Audit report | 2020-21 | Income Tax Act | 30th September 2021 | 31st October 2021 |
| 11. | Audit report for international transaction or specified domestic transaction | 2020-21 | Section 92E | 31st October 2021 | 30th November 2021 |
| 12. | Income tax returns for audit/ company cases | 2020-21 | Section 139(1) | 31st October 2021 | 30th November 2021 |
| 13. | Income tax returns with due date 30th November 2021 | 2020-21 | Section 139(1) | 30th November 2021 | 31st December 2021 |
| 14. | Belated/ Revised income tax returns | 2020-21 | Section 139(4) 139(5) | 31st December 2021 | 31st January 2022 |
*****
Circular No. 9 of 2021
F.No.225/49/2021 -ITA-II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,
Dated 20th May, 2021
Subject: Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic
The Central Board of Direct Taxes, in exercise of its power under section 119 of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) provides relaxation in respect of the following compliances:
1) The Statement of Financial Transactions (SFT) for the Financial Year 202021, required to be furnished on or before 315t May 2021 under Rule 114E of the Income-tax Rules, 1962 (hereinafter referred to as “the Rules”) and various notifications issued thereunder, may be furnished on or before 30th June 2021;
2) The Statement of Reportable Account for the calendar year 2020, required to be furnished on or before 31st May 2021 under Rule 114G of the Rules, may be furnished on or before 30th June 2021;
3) 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 31A of the Rules, may be furnished on or before 30th June 2021;
4) 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, may be furnished on or before 15th July 2021;
5) The TDS/TCS Book Adjustment Statement in Form No 24G for the month of May 2021, required to be furnished on or before 15th June 2021 under Rule 30 and Rule 37CA of the Rules, may be furnished on or before 30th June 2021;
6) The Statement of Deduction of Tax from contributions paid by the trustees of an approved superannuation fund for the Financial Year 2020-21, required to be sent on or before 31st May 2021 under Rule 33 of the Rules, may be sent on or before 30th June 2021;
7) 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, may be furnished on or before 30th June 2021;
8) 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, may be furnished on or before 15th July 2021;
9) The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 31st July 2021 under sub-section (1) of section 139 of the Act, is extended to 30th September 2021;
10) The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which is 30th September 2021, is extended to 31st October 2021;
11) The due date of furnishing Report from an Accountant by persons entering into international transaction or specified domestic transaction under section 92E of the Act for the Previous Year 2020-21, which is 31st October 2021, is extended to 30th November 2021;
12) The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 31st October 2021 under sub-section (1) of section 139 of the Act, is extended to 30th November 2021;
13) The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 30th November 2021 under sub-section (1) of section 139 of the Act, is extended to 318t December 2021;
14) The due date of furnishing of belated/revised Return of Income for the Assessment Year 2021-22, which is 31st December 2021 under sub-section (4)/sub-section (5) of section 139 of the Act, is extended to 31st January 2022.
Clarification 1: It is clarified that the extension of the dates as referred to in clauses (9), (12) and (13) above shall not apply to Explanation 1 to section 234A of the Act, in cases where the amount of tax on the total income as reduced by the amount as specified in clauses (i) to (vi) of sub-section (1) of that section exceeds one lakh rupees.
Clarification 2: For the purpose of Clarification 1, in case of an individual resident in India referred to in sub-section (2) of section 207 of the Act, the tax paid by him under section 140A of the Act within the due date (without extension under this Circular) provided in that Act, shall be deemed to be the advance tax.
(Prajna Paramita)
Director to the Government of India.
*****
Disclaimer: The contents of this article are for information purposes only and do not constitute an advice or a legal opinion and are personal views of the author. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. Readers are requested to check and refer relevant provisions of statute, latest judicial pronouncements, circulars, clarifications etc before acting on the basis of the above write up. The possibility of other views on the subject matter cannot be ruled out. By the use of the said information, you agree that Author / TaxGuru is not responsible or liable in any manner for the authenticity, accuracy, completeness, errors or any kind of omissions in this piece of information for any action taken thereof. This is not any kind of advertisement or solicitation of work by a professional.
Author Bio
I am super senit, not liable to pay advance tax. I can paythe whole payable tax before the last date of ITR submission. Now that this date is extended to 30 September 2021 can I pay payable tax before 30 sept or have I to estimate the payable tax and pay before 31 July. If I pay after 31 July and before 30 Sep then I woudld be charged penalty for late payment. Kindl advise.
Pls pay by original due date to avoid interest charges, the same has been mentioned in the clarification no 1
SR.CTZN., TOTAL TAX LIABILITY 120000. INTT. U/S 234A STARTS FROM 1.8.21 ON 120000, TILL RETURN FILED. IF 30000 IS PAID ON 31.7.21; WILL INTEREST BE CHARGED ON 90000 OR NO INTEREST, IF RETURN FILED IN DEC.21 ? PL.REPLY.Tq.
Thanks. At least CBDT has some considerations on tax payers. But sad story is no news from GST end.
TDS paid to cbdt for rent, paid through HDFC Bank in FY 20 – 21 first quarter, is yet to reflect in 26AS in Chennai Circle! Who is responsible for such long delay? When will credit show up in 26As of AY 21-22? Chasing has become a bug bear!
No extension of time limit for investment of Capital gains under section 54 is seen permitted inspite of representation by various forums
Sir, is there provided any relaxation / extension for deposit of TDS for IV TH Quarter F.Y.2020-21, please clarify.
Thanks
9810291845
Tds returns date extended to 30th june 2021 for Qtr4 as per point no 3 of the circular
NO MENTION ABOUT TCS RETURN FOR THE QUARTER ENDING MARCH 2021 PLEASE SEND ANY INFORMATION
Rule 31A pertains to tax deduction u/s200(3)
Rule 31AA pertains to tax collection u/s 206C(3)
AS PER COLUMN NO. 3) 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 31A of the Rules, may be furnished on or before 30th June 2021;, TCS RETURN IS ALSO DEDUCTION OF TAX
AS PER COLUMN NO. 3) 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 31A of the Rules, may be furnished on or before 30th June 2021;, TCS RETURN DATE IS ALSO DEDUCTION OF TAX
PLS CONFIRM THAT TCS RETURN DATE OF 4TH QUARTER OF FY 20-21 ALSO EXTEND UP TO 30 JUNE
Thanks to the information
What about 20-21 asst. Year Return of income now to be filed before 31-5-2021 on account of difficulties due to pandemic
No extension of the ITR dates for Asstt yr 2020-21 in this circular
SL no 9 & So no 12…show different dates for same activity… kindly check…
No consideration has been given to the filing of form 15 H as per last year by extending the validity of form upto 30 06 2021 as visit to Bank in the present situation is very much disturbing and sr citizens avoid net banking.
Any extension for investment under section 54 for capital gain.
There is no mention of extension of due date of Tax audit report where the Transfer pricing accountant report is filed. The due date earlier also was 31st October, which remains the same.
Dates for filling itr isnot clear.
Dear Sir there in nothing in PIB, twitter by the income tax authorities, There is no stamp on the notification also please confirm whether the same is genuine or not
No mention about ASSESSMENT YEAR 2020 2021
& related compliances
Does it remain at May 31st
Like we have received a lot of defective returns notices for our clients
How to go about it in this lockdown scenario
Anyone pl help me
The circular is not seen on the income tax website. How to confirm this circular please guide.
Thanks to Govt, ministers, CBDT and all, & Taxguru for the immediate publishing the news.