Due Dates Tracker
COMPLIANCE REQUIREMENT UNDER INCOME TAX ACT, 1961
| Sl. | Compliance Particulars | Due Dates |
| 1 | Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month. | 07.10.2021 |
| 2. | Due date deposit of TDS for July-Sep. 2021 u/s section 192, 194A, 194D or 194H. | 07.10.2021 |
| 3 | Due date for deposit of Equalization Levy for the month of September, 2021. | 07.10.2021 |
| 4 | Due date for issue of TDS Certificate for tax deducted under section 194- IA, 194-IB and194M in the month of September 2021. | 15.10.2021 |
| 5 | Due date of furnishing of Form 24G by an office of the Government where TDS/TCS for the month of September, 2021 has been paid without the production of a challan. | 15.10.2021 |
| 6 | Quarterly statement of TCS deposited for the quarter ending September 30, 2021. | 15.10.2021 |
| 7 | Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of August, 2021. | 15.10.2021 |
| 8 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194-IM, in the month of September, 2021. | 30.10.2021 |
| 9 | Quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2021. | 30.10.2021 |
| 10 | Intimation by a designated constituent entity, resident in India, of an international group in Form no. 3CEAB for the accounting year2020-21. | 31.10.2021 |
| 11 | Quarterly statement of TDS deposited for the quarter ending September 30, 2021. | 31.10.2021 |
| 12 | Payment of tax under Direct Tax Vivad se Vishwas Act, 2020 with additional charge. | 31.10.2021 |
Income Tax Due Date – Extensions
| Sl. | Nature of Extension | Provisions / Forms of IT Act 1961 | Original Due Date | Extended Due Date |
| 1 | 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 | 31.03.2022 |
| 2 | 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 | Form No. 15CC | 30.06.2021 | 31.12.2021 |
| 3 | The Quarterly statement in Form No. 15CC to be fumished by authorized dealer in respect of remittances made for the quarter ending on 30 September, 2021 | 15.10.2021 | 31.12.2021 |
| 4 | The Equalization Levy Statement in Form No. 1 for the Financial Year 2020-21 | Form No. 1 | 30.06.2021 | 31.12.2021 |
| 5 | Intimation by a constituent entity, resident in India, of an international group, the parent entity of which is not resident in India for the purposes of section 286 (1) | Form No.3CEAC | 30.11.2021 | 31.12.2021 |
| 6 | Report by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the purposes of section 286 (2) / 286 (4) | Form No.3CEAD | 30.11.2021 | 31.12.2021 |
| 7 | Intimation on behalf of an international group for the purposes of the proviso to sub-section (4) of section 286 of the Act | Form No.3CEAE | 30.11.2021 | 31.12.2021 |
| 8 | 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 | 30.11.2021 |
| 9 | Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th September, 2021 | Form No. 15G/15H | 15.10.2021 | 31.12.2021 |
| 10 | Intimation to be made by Sovereign Wealth Fund in respect of investments made by it in India in Form II SWF for the quarter ending on 30th June,2021, | Form II SWF | 31.07.2021 | 30.11.2021 |
| 11 | Intimation to be made by Sovereign Wealth Fund in respect of investments made by it in India in Form II SWF for the quarter ending on 30th September,2021 | Form II SWF | 31.10.2021 | 31.12.2021 |
| 12 | 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 30th June,2021 | Form No. 10BBB | 31.07.2021 | 30.11.2021 |
| 13 | Intimation to be made by a Pension Fund in respect of each investment (11) made by it in India in Form No. 10BBB for the quarter ending on 30 September, 2021 | Form No. 10BBB | 31.10.2021 | 31.12.2021 |
IMPORTATNT UPDATES – SEPTEMBER, 2021:
1. Income tax refunds of Rs 80,086 cr issued during this fiscal: CBDT
Refunds amounting to more than Rs 80,000 crore have been issued to the taxpayers during the current financial year, the CBDT said.
The Central Board of Direct Taxes (CBDT) frames policy for the Income Tax Department. This figure includes income tax refunds of Rs 19,699 crore in 47,53,254 cases and corporate tax refunds of Rs 60,387 crore in 1,63,021 cases
2. ITR filing due date for AY 2021-22 extended! Check new deadline to file income tax return
CBDT has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021 -22.
Keeping in view the difficulties reported by taxpayers and other stakeholders in filing of Income Tax Returns as well as the various reports of audit for the Assessment Year 2021-22 under the Income-Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021 -22.
- The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July, 2021 under sub-section (1) of section 139 of the Act, as extended to 30th September, 2021, is now further extended to 31st December, 2021.
- 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, as extended to 31st October, 2021, is now further extended to 15th January, 2022.
- 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, as extended to 30th November, 2021 is now further extended to 15th February, 2022.
- 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, as extended to 31st December, 2021 is now further extended to 28th February, 2022.
3. Following Gujarat Model, CBDT Issues SOPs for Income Tax Investigations
Impressed by the ‘Gujarat model’ of income tax investigation, the Central Board of Direct Taxes (CBDT), Delhi, has issued guidelines for all director generals of the income tax investigation department, asking them to follow a standard operating procedure (SOP) that includes certain procedures right from the preparation stage of a search and seizure action, until its conclusion.
The SOP incorporates best practices in investigation and the initiative to incorporate it was taken first by the Gujarat income tax (I-T) department. Recently, the I-T Department in Gujarat had detected an alleged black income case of over Rs 300 crore after it raided multiple premises of a prominent real estate player in Rajkot. (Read More: Click Here)
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