The Board of Direct Taxes (Income Tax Department) vide circular No. 15/2021 dated 03.08.2021, 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 lines for electronic filing of various Forms under theIncome-tax Act,1961to provide relief to taxpayers in view of the severe pandemic and spike in Covid-19 cases and also announces tax exemption:
|Sl.||Nature of Extension||Provisions of IT Act 1961||Due Date||Extended Due Date|
|1||The Quarterly statement in Form No. 15CC to be furnished by authorized dealer in respect of remittances made for the quarter ending on 30thJune, 2021||Rule 37BB of the Rules||15.07.2021||31.08.2021|
|2||The Equalization Levy Statement in Form No.1for the Financial Year 2020- 21,||30.06.2021||31.08.2021|
|3||The Statement of Income paid or credited by an investment fund to its unit holder in Form No. 640for the Previous Year 2020-21||Rule 12CB of the Rules||15.06.2021||31.09.2021|
|4||The Statement of Income paid or credited by an investment fund to its unit holder in Form No. 64Cfor the Previous Year 2020-21||Rule 12CB of the Rules||30.06.2021||30.09.2021|
|5||Intimation to be made by a Pension Fund in respect of each investment made by it in India in Form No. 10BBB for the quarter ending on 30thJune,2021||Rule2DB of the Rules||31.07.2021||30.09.2021|
|6||Intimation to be made by Sovereign Wealth Fund in respect ofinvestments made by it in India in Form II SWFfor the quarter endingon 30th June,2021||31.07.2021||30.09.2021|
- Clarifications by CBDT:
It is also clarified that the above said forms, e-filed, after the expiry of time limitsprovided as per Circular No.12 of 2021 dated 25.06.2021 or as per the relevantprovisions, till date, will stand regularized accordingly.
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