CS Lalit Rajput
Quick Summary
The Board of Direct Taxes (Income Tax Department) vide circular No. 09/2021, (F. NO.225/49/2021-ITA-1I dated 20.05.2021, 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 time limits of certain complian
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FAQ :
The due date for filing the Statement of Financial Transactions (SFT) under section 285BA has been extended from 31.05.2021 to 30.06.2021.
The due date for issuing TDS certificates in Form 16 for the Financial Year 2020-21 has been extended from 15.06.2021 to 15.07.2021.
The due date for filing Income Tax Returns for normal assessees without audits for FY 2021 has been extended from 31.07.2021 to 30.09.2021.
Yes, the due date for filing audit reports, including Tax Audit Reports and Form 67, for FY 2021 has been extended from 30.09.2021 to 31.10.2021.
Yes, the extensions for certain clauses (9, 12, and 13) do not apply if the tax on total income exceeds one lakh rupees, excluding specified amounts, concerning Explanation 1 to section 234A of the Act.
The due dates have been extended by the CBDT to provide relief to taxpayers in view of the severe pandemic and the spike in Covid-19 cases.
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