Income Tax (CBDT) Due Date Extended beyond June, 2021 [Extension Table]

The Board of Direct Taxes (Income Tax Department) vide circular & Press Release No. 1730346 dated 25.06.2021, in exercise of its power under section 119 of the Income-tax Act, 1961 (hereinafter referred to as “the 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 onCOVID-19 treatment and ex-gratia received on deathdue to COVID-19:

Extension Table

Sl.Nature of ExtensionProvisions of IT Act 1961Original Due DateExtended Due Date
1Objections to Dispute Resolution Panel (DRP) and Assessing Officer under section 144C of the Income-tax Act, 1961Section 144C  01.06.2021  31.08.2021
2The Statement of Deduction of Tax for the last quarter of the Financial Year 2020-21Rule 31A of the Income-tax Rules,1962  31.05.2021  15.07.2021
3The Certificate of Tax Deducted at Source in Form No.16Rule 31 of theIncome-tax Rules,1962  15.06.2021  31.07.2021
4The Statement of Income paid or credited by an investment fund to its unit holder in Form No. 64Dfor the Previous Year 2020-21Rule 12CBof theIncome-tax Rules,1962  15.06.2021  15.07.2021
5The Statement of Income paid or credited by an investment fund to its unit holder in Form No. 64C for the Previous Year 2020-21Rule 12CBof theIncome-tax Rules,1962  30.06.2021  31.07.2021
6The application in Form No.10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisionalapproval of Trusts/ Institutions/ Research Associations etc.,UnderSection 10(23C), 12AB, 35(1)(ii)/(iia)/(iii) and 80G of the Act    30.06.2021    31.07.2021
7The 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 anyexemption 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
8The Quarterly Statement in Form No. 15CC to be furnished by authorized dealer in respect ofremittances made for the quarter ending on 30th June, 2021Rule 37 BB of theIncome-tax Rules,1962    30.06.2021    31.07.2021
9The Equalization Levy Statement in Form No. 1 for the Financial Year 2020-21   30.06.2021  31.07.2021
10The Annual Statement required to be furnished bythe 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
11Uploading of the declarations received from recipients in Form No. 15G/15H during the quarterending 30th June, 2021  Form No. 15G/15H  15.07.2021  31.08.2021
12Exercising of option to withdraw pending application (filed before the erstwhile Income TaxSettlement Commission) in Form No. 34BB, wunder Section 245M (1) of the Act  27.06.2021  31.07.2021
13Last date of linkage of Aadhaar with PANSection 139AA of the Act  30.06.2021  30.09.2021
14Last date of payment of amount under Vivad se Vishwas(without additional amount)   30.06.2021  31.08.2021
15Last date of payment of amount under Vivad se Vishwas (with additional amount)    31.08.2021
16Time Limit for passing assessment order   30.06.2021  30.09.2021
17Time Limit for passing penalty order   30.06.2021  30.09.2021
18Time 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

Bio of Author: CS LALIT RAJPUT

Company Secretary having 6+ years of post qualification experience in the Compliance Management Services industry by serving Corporates including Listed Companies, Corporate Secretarial Firms and LLP. He has contributed in ICAI, ICSI and MCCI and other various Newsletters. He is also a speaker at various platforms including seminars / webinars.

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