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 timelines for electronic filing of various Forms under the Income-tax Act, 1961 to provide relief to taxpayers in view of the severe pandemic and spike in COVID-19 cases and also announces tax exemption:
Extension Table
|
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 30th June, 2021 |
Rule 37BB of the Rules |
15.07.2021 |
31.08.2021 |
|
2 |
The Equalization Levy Statement in Form No.1 for 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. 640 for 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. 64C for 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 30th June,2021 |
Rule 2DB of the Rules |
31.07.2021 |
30.09.2021 |
|
6 |
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 |
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 limits provided as per Circular No.12 of 2021 dated 25.06.2021 or as per the relevant provisions, till date, will stand regularized accordingly.
Official Notification: CBDT further extends the due dates for electronic filing of certain forms
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