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Extension in Timelines of Compliances

As Covid-19 has come up with the 2nd wave, CBDT has decided to provide relief to the taxpayers by bring forth relaxations on 25th June 2021,

Via Notification no. 75/2021 Via Notification no. 74/2021 Via Circular no. 12/2021

The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (TLA Act, 2020) have extended other various compliances due dates also, considering the COVID-19 pandemic.

The impact of new notifications and circulars on various time barring dates and certain compliance of Income-tax Act are discussed in the below paragraphs:


Tax Exemption


The CBDT has decided to provide income-tax exemption especially for the amount received by a taxpayer for medical treatment either from an employer or any person for treatment of Covid-19 in FY 2019-20 and subsequent years. This decision is made to ensure that no income tax liability arises on this account.

Unfortunately, if certain taxpayers passed away due to Covid-19, and Employers or any other person of such taxpayer had extended financial assistance to the family to cope with the difficulties. In that case, to provide relief to the family of such taxpayer, it has been decided to provide an income-tax exemption to ex-gratia payment received by the family on the death of the person on account of Covid-19 during FY 2019-20 and subsequent years. The exemption shall be allowed without any limit for the amount received from the employer. However, the exemption shall be limited to Rs. 10 lakhs in aggregate for the amount received from any other persons.

Imperative legislative amendments for the aforesaid decisions shall be proposed in due course of time.


Extension of Timelines


Section Particulars Earlier Due Date New Due dates
Sections 10(23C), 12AB, 35, 80G Filing of application for registration/provisional registration/intimation/approval/provisional approval of Trust, institutions or Research Associations, etc. 30-06-2021 31-08-2021
Section 54 to 54GB Making Investments or completing construction/purchase for claiming deduction from capital gains
(The extension has been given in those cases where the due date falls between 01-04-2021 to 29-09-2021).
- 30-09-2021
Rule 37BB Quarterly Statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending June, 2021 15-07-2021 31-07-2021
Section 167 of the Finance Act 2016 Furnishing of Equalisation Levy statement for the Financial Year 2020-21 30-06-2021 31-07-2021
Section 9A Filing of a statement in Form No. 3CEK by an eligible investment fund in respect of its activities in the financial year 2020-21 29-06-2021 31-07-2021
Section 245M(1) Filing of Form No. 34BB to withdraw application filed before Settlement Commission 27-06-2021 31-07-2021
Section 139AA Linking of Aadhaar number and PAN 30-06-2021 30-09-2021
Direct Tax Vivad se Vishwas Act, 2020 Payment of tax without additional charge 30-06-2021 31-08-2021
Direct Tax Vivad se Vishwas Act, 2020 Payment of tax with additional charge - 31-10-2021
Section 153/153B Passing of order for assessment or reassessment by AO

Cases where on account of various extension notifications, the due date is getting expired on 31-03-2021.

Cases where due date is getting expired on 31-03-2021 without giving effect of any extension notification.

30-06-2021



30-09-2021

31-10-2021



30-09-2021
Section 144C(2) Filing of objections to DRP and AO 01-06-2021 or thereafter 31-08-2021
Section 168 of the Finance Act 2016 Sending intimation of processing of Equalisation Levy

(The extension has been given in those cases where the due date falls between 20-03-2020 to 31-03-2021)
30-06-2021 30-09-2021
Chapter XXI of the Income-tax Act Imposition of penalty

(The extension has been given in those cases where the due date falls between specified period)
30-06-2021

(due date falls between 20-03-2020 to 29-06-2021)
30-09-2021

(due date falls between 20-03-2020 to 29-09-2021)
Rule 114B/114C Upload the declarations received from recipients in Form No. 15G/15H during the quarter ending June, 2021 15-07-2021 31-08-2021
Section 200 read with Rule 31A Furnishing of TDS Statement for the 4th quarter of the Financial Year 2020-21 30-06-2021 15-07-2021
Section 203 read with Rule 31 Issue of TDS certificate in form 16 in respect tax deducted from the salary paid during the Financial Year 2020-21 15-07-2021 31-07-2021
Section 115UB read with Rule 12CB Furnishing of statement (in Form No. 64D) of income paid or credited by an investment fund to its unit holder for the Previous year 2020-21 30-06-2021 15-07-2021
Section 115UB read with Rule 12CB Furnishing of statement (in Form No. 64C) by Alternative Investment Fund (AIF) to units holders in respect of income distributed during the previous year 2020-21 15-07-2021 31-07-2021
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