TMI BlogIncome Tax (CBDT) Due Date Extended beyond May, 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax (CBDT) Due Date Extended beyond May, 2021 - By: - CSLalit Rajput - Income Tax - Dated:- 24-5-2021 - - Income Tax (CBDT) Due Date Extended beyond May, 2021 The Board of Direct Taxes (Income Tax Department) vide circular No. 09/2021, (F. NO.225/49/ 2021-ITA-1I dated 20.05.2021, in exercise of its power under section 119 of the Income-tax Act, 1961 (hereinafter referred to a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s 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: Extension Table Sr No Nature of Extension Original due date New Due Dates 1 Statement of Fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nancial Transact ions u/s 285BA (SFT) 31.05.2021 30.06.2021 2 Statement of Reportable Account under Rule 114G 31.05.2021 30.06.2021 3 Statement of Tax deduction at source for the quarter ending 31st March 2021 31.05.2021 30.06.20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 21 4 Issue of TDS certificates in Form 16 for the Financial Year 2020-21 15.06.2021 15.07.2021 5 TDS/TCS Book adjustment statement in Form 24G for the month of May 2021 15.06.2021 30.06.2021 6 Statement of Deduction of Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the case of superannuation fund for FY 2021 31.05.2021 30.06.2021 7 Statement of Income paid or credited by an investment fund to its unit's holder in Form 64D for FY 2021 15.06.2021 30.06.2021 8 Statement of Income paid or credited by an investment fund ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to its unit's holder in Form 64C for FY 2021 30.06.2021 15.07.2021 9 Income Tax Returns - Normal assessee without audits FY 2021 31.07.2021 30.09.2021 10 Filing of Audit Reports viz. Tax Audit Reports, Form 67 etc. - FY 2021 30.09.2021 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 31.10.2021 11 Due date of Furnishing Report from Accountant in respect of International Transactions covered u/s 92E 31.10.2021 30.11.2021 12 Corporate assessee or Firm covered whose accounts required to be audited or Partner of Firm whose accounts are required to be audited or a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny assessee other than Corporate and Firm whose accounts are required to be audited 31.10.2021 30.11.2021 13 Assessee required to furnish return u/s 92E in respect of international Transactions 30.11.2021 31.12.2021 14 Belated Returns and Revised Returns ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 31.12.2021 31.01.2022 Kindly Note that: Note: all above extensions is planned in view of New ITD portal to be launched from June 7,,2021. Clarifications by CBDT: 1. Non Applicability: 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under this Circular) provided in that Act, shall be deemed to be the advance tax. - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - 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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