TMI BlogGovernment extends certain timelines in light of severe pandemicX X X X Extracts X X X X X X X X Extracts X X X X ..... Government extends certain timelines in light of severe pandemic - News and Press Release Dated:- 20-5-2021 - News - The Central Government, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the severe Covid-19 pandemic, has, on consideration of representations received from various stakeholders, decided to extend timelines for complian ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces under the Income-tax Act,1961 (hereinafter referred to as the Act ) in the following cases, as under: i) The Statement of Financial Transactions (SFT) for the Financial Year 2020-21, required to be furnished on or before 31st May 2021 under Rule 114E of the Income-tax Rules, 1962 (hereinafter referred to as the Rules ) and various notifications issued thereunder, may be fur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nished on or before 30th June 2021; ii) 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; iii) The Statement of Deduction of Tax for the last quarter of the Financial Year 2020-21, required to be furnished on or before 31st Ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y 2021 under Rule 31A of the Rules , may be furnished on or before 30th June 2021; iv) 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; v) The TDS/TCS Book Adjustment Statement in Form No 24G for the month of May ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ; vi) 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 b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e sent on or before 30th June 2021; vii) 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; viii) The Statement of Income paid or credited by an investme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt 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; ix) 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to 30th September 2021; x) 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; xi) The due date of furnishing Report from an Accountant by persons entering into international transaction or specified domestic transaction under section 92E of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act for the Previous Year 2020-21, which is 31st October 2021, is extended to 30th November 2021; xii) 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; xiii) The due date of furnishing of Return of Income for the Assessm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent Year 2021-22 , which is 30th November 2021 under sub-section (1) of section 139 of the Act, is extended to 31st December 2021; xiv) 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. It is c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... larified that the extension of the dates as referred to in clauses (ix), (xii) and (xiii) 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 rupees one lakh. Further, in case of an individual resident in India referred to in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ) provided in that Act, shall be deemed to be the advance tax. CBDT Circular No.9/2021 in F.No.225/49/2021/ITA-II dated 20.05.2021 issued. The said Circular is available on www.incometaxindia.gov.in. - News - Press release - PIB Tax Management India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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