Income Tax : Due Date extension by Circular dated 20.05.2021

INCOME TAX DUE DATE EXTENSION

CBDT has yesterday vide Circular No. 9/2021 granted major relief to taxpayers facing hardship due to the severe pandemic & in view of representations received, by way of extension of certain timelines for compliances under Income Tax Act.

Please find below the list of compliances where the due date is extended. Alternatively, you may Click Here to refer the Presentation.

Sr. No. Particulars Original Due Date Extended Due Date
1. Furnishing Return of Income for A.Y. 2021-22
(a) Regular Assessees 31.07.2021 30.09.2021
(b) Tax Audit Assessees 31.10.2021 30.11.2021
(c) Assessees with TP Report 30.11.2021 31.12.2021
(d) Belated/Revised 31.12.2021 31.01.2022
2. Furnishing Tax Audit Report 30.09.2021 31.10.2021
3. Transfer Pricing (TP) Report 31.10.2021 30.11.2021
4. Statement of Financial Transactions (SFT) 31.05.2021 30.06.2021
5. Statement of Reportable Accounts 31.05.2021 30.06.2021
6. Statement of Deduction of Tax for Quarter ended 31st March, 2021 31.05.2021 30.06.2021
7. Certificate of Tax Deducted at Source – Form 16 to be furnished to the employees 15.06.2021 15.07.2021
8. TDS/TCS Book adjustment statement in Form No. 24G for the month of May, 2021 15.06.2021 30.06.2021
9. Statement of Deduction of Tax for contributions paid by the trustees of an approved superannuation fund of FY 2020-21 31.05.2021 30.06.2021
10. Statement of Income Paid or credited by an investment fund to its unit holder in Form 64D for PY 2020-21 15.06.2021 30.06.2021
11. Statement of Income Paid or credited by an investment fund to its unit holder in Form 64C for PY 2020-21 30.06.2021 15.07.2021

Chintan Patel is CA, CPA(USA), CISA(USA), DISA, DIRM(ICAI) and certified Ind AS and FAFD by ICAI. He is Regional Council Member of WIRC of ICAI. He is partner of Naresh J. Patel & Co. having more than 18 years of post-qualification experience in Ind AS, IFRS, Companies Act, GST. He is an author of books Quick Guide to Ind AS, ICDS published by Taxmann and Speaker at more than 500 presentations.