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Extension in timelines for various tax filings
Income Taxpayers must pay attention as there have been several key announcements regarding deadline and due dates. Central Board of Direct Taxes(CBDT) has announced extension of several electronic filing of certain Forms after considering difficulties reported by the taxpayers and other stakeholders.
The impact of new notifications and circulars on various time barring dates and certain compliance of Income-tax Act are discussed in the below table:
Extension of Timelines
| Section | Particulars | Due Date | Earlier Due Date | New Due dates |
|---|---|---|---|---|
| Sections 10(23C), 12AB, 35, 80G | Filing of application in Form 10A for registration/provisional registration/intimation/approval/provisional approval of Trust, institutions, or Research Associations, etc. | 30-06-2021 | 31-08-2021 | 31-03-2022 |
| Section 10(23C), 12A or 80G | Application for registration or approval in Form No.10AB | 28-02-2022 | - | 31-03-2022 |
| Equalization Levy Statement | Form No.1 for the Financial Year 2020-21 | 30-06-2021 | 31-08-2021 | 31-12-2021 |
| 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 (Not changed) |
30-09-2021 (Not changed) |
| 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 | 31-08-2021 | 30-11-2021 |
| Rule 37BB | Quarterly Statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending June, 2021 | 30-09-2021 | 15-10-2021 | 31-12-2021 |
| 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 | 31-07-2021 |
| Section 245M(1) | Filing of Form No. 34BB to withdraw application filed before Settlement Commission | 27-06-2021 | 31-07-2021 | 31-07-2021 |
| Section 139AA | Linking of Aadhaar number and PAN | 30-06-2021 | 30-09-2021 | 30-09-2021 |
| Direct Tax Vivad se Vishwas Act, 2020 | Payment of tax without additional charge | 30-06-2021 | 31-08-2021 | 30-09-2021 |
| Direct Tax Vivad se Vishwas Act, 2020 | Payment of tax with additional charge | - | 31-10-2021 | 31-10-2021 |
| Section 153/153B | Passing of order for assessmentor reassessment by AO
|
30-06-2021 30-09-2021 |
30-09-2021 30-09-2021 |
30-09-2021 30-09-2021 |
| Section 144C(2) | Filing of objections to DRP and AO | 01-06-2021 or thereafter | 31-08-2021 | 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 | 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) |
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 | 30-11-2021 |
| Rule 114B/114C | Upload the declarations received from recipients in Form No. 15G/15H during the quarter ending September, 2021 | 15-10-2021 | - | 31-12-2021 |
| Sovereign Wealth Fund | Investments made by it in India in Form II SWF for the quarter ending on 30th June, 2021 | 31-07-2021 | 30-09-2021 | 30-11-2021 |
| Sovereign Wealth Fund | Investments made by it in India in Form II SWF for the quarter ending on 30th September, 2021 | 31-10-2021 | - | 31-12-2021 |
| Pension Fund | Investment made by it in India in Form No. 10BBB for the quarter ending on 30th June, 2021 under Rule 2DB. | 31-07-2021 | 30-09-2021 | 30-11-2021 |
| Pension Fund | Investment made by it in India in Form No. 10BBB for the quarter ending on 30th September, 2021 under Rule 2DB. | 31-10-2021 | - | 31-12-2021 |
| Section 286 (1) | Intimation by a constituent entity, resident in India, of an international group, the parent entity of which is not resident in India, in Form No.3CEAC, under Rule 10DB | 30-11-2021 | - | 31-12-2021 |
| Section 286 (2) & (4) | Report by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, in Form No. 3CEAD, under Rule 10DB | 30-11-2021 | - | 31-12-2021 |
| Proviso to section 286 (4) | Intimation on behalf of an international group in Form No. 3CEAE, under Rule 10DB | 30-11-2021 | - | 31-12-2021 |
| 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 | 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 | 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 | 15-07-2021 |
| Section 115UB read with Rule 12CB | Furnishing of statement (in Form No. 64C) by Alternative Investment Fund (AIF) to unit’s holders in respect of income distributed during the previous year 2020-21 | 15-07-2021 | 31-07-2021 | 31-07-2021 |
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