The Central Board of Direct Taxes, in exercise of its power under section 119 of the Income-tax Act, 1961, provides relaxation on Income Tax due dates as per Circular 9 of 2021 dated 20th May 2021.
|
Sr. No. |
Compliances |
Financial Year |
Rules/Acts |
Original Due Date |
Extended Due Date |
|
1 |
Statement of Financial Transactions (SFT) |
for the Financial Year 2020-21 |
Rule 114E of Income Tax Rules,1962 |
On or Before 31st May ,2021 |
On or Before 30th June, 2021 |
|
2 |
Statement of Reportable Account |
for the calendar Year 2020 |
Rule 114G of Income Tax Rules,1962 |
On or Before 31st May ,2021 |
On or Before 30th June, 2021 |
|
3 |
Statement of Deduction of Tax |
for the last Quarter of the Financial Year 2020-21 |
Rule 31A of Income Tax Rules,1962 |
On or Before 31st May ,2021 |
On or Before 30th June, 2021 |
|
4 |
Certificate of Deduction at Source in Form 16 |
for the Financial Year 2020-21 |
Rule 31 of Income Tax Rules,1962 |
On or Before 15th June ,2021 |
On or Before 15th July, 2021 |
|
5 |
TDS/TCS Book Adjustment Statement in Form 24G |
for the Month of May 2021 |
Rule 30 and Rule 37CA of the Income Tax Rules, 1962 |
On or Before 15th June ,2021 |
On or Before 30th June, 2021 |
|
6 |
Statement of Deduction of Tax from Contribution Paid by Trustees of an approved Superannuation Fund |
for the F.Y 2020-21 |
Rule 33 of the Income Tax Rules, 1962 |
On or Before 31st May ,2021 |
On or Before 30th June, 2021 |
|
7 |
Statement of Income paid or credited by an investment Fund to its unit holder in Form 64D |
for the Previous Year 2020-21 |
Rule 12CB of the Income Tax Rules, 1962 |
On or Before 15th June ,2021 |
On or Before 30th June, 2021 |
|
8 |
Statement of Income paid or credited by an investment Fund to its unit holder in Form 64C |
for the Previous Year 2020-21 |
Rule 12CB of the Income Tax Rules, 1962 |
On or Before 30th June, 2021 |
On or Before 15th July, 2021 |
|
9 |
Furnishing of Return of Income |
for the Assessment Year 2021-22 |
Under Section139(1) of the Income Tax Act,1961 |
On or Before 31st July, 2021 |
On or Before 30th September, 2021 |
|
10 |
Audit Report |
for the Previous Year 2020-21 |
Under any provision of the Income Tax Act,1961 |
On or Before 30th September, 2021 |
On or Before 31st October, 2021 |
|
11 |
Report from an Accountant by persons entering into international transactions or specified domestic transaction |
for the Previous Year 2020-21 |
Under section 92E of the Income Tax Act |
On or Before 31st October, 2021 |
On or Before 30th November, 2021 |
|
12 |
Furnishing of Return of Income |
for the Assessment Year 2021-22 |
Under Section139(1) of the Income Tax Act,1961 |
On or Before 31st October, 2021 |
On or Before 30th November, 2021 |
|
13 |
Furnishing of Return of Income |
for the Assessment Year 2021-22 |
Under Section139(1) of the Income Tax Act,1961 |
On or Before 30th November, 2021 |
On or Before 31st December, 2021 |
|
14 |
Furnishing of Belated or Revised Return of Income |
for the Assessment Year 2021-22 |
Under Section139(4) /(5) of the Income Tax Act,1961 |
On or Before 31st December, 2021 |
On or Before 31st January, 2022 |
- Section 234A will be applicable where Tax on Total Income after considering Advance Tax, TDS, Relief, etc. will exceed Rs. 1 lac.
- For Senior Citizens, not having Business or Profession income, the tax paid by him U/S 140A within the original Due Date shall be deemed to be advance tax.
Income Tax Department on Wednesday said that it would launch a new e-filing portal on June 7. The existing portal will be unavailable to taxpayers for six days, starting from June 1 to June 6.
The author is a Member of the CPA Institute, Australia and Fellow member of Institute of Chartered Accountants of India and can be reached at casusmitadutta@gmail.com.
Disclaimer: The facts and opinions written in this column are those of the author and have been prepared on the basis of relevant provisions and information available at the time of preparation. The article does not constitute any professional advice or formal recommendation. The author has under taken utmost care to disseminate true and correct views and does not accept liability of any errors or omissions.
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