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Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic


 Notice Date : 20 May 2021

F. NO.225/49/2021-ITA-II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, Dated 20th May, 2021 

Subject: Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic

The Central Board of Direct Taxes, in exercise of its power under section 119 of the Income-tax Act, 1961 (hereinafter referred to as "the Act") provides relaxation in respect of the following compliances:

1) The Statement of Financial Transactions (SFT) for the Financial Year 2020-21 , required to be furnished on or before 31 st May 2021 under Rule 114E of the Income-tax Rules, 1962 (hereinafter referred to as "the Rules") and various notifications issued thereunder, may be furnished on or before 30th June 2021;

2) The Statement of Reportable Account for the calendar year 2020, required to be furnished on or before 31 st May 2021 under Rule 114G of the Rules, may be furnished on or before 30th June 2021 ;

3) The Statement of Deduction of Tax for the last quarter of the Financial Year 2020-21 , required to be furnished on or before 31 st May 2021 under Rule 31A of the Rules, may be furnished on or before 30th June 2021 ; 

4) The Certificate of Tax Deducted at Source in Form No 16, required to be furnished to the employee by 15th June 2021 under Rule 31 of the Rules, may be furnished on or before 15th July 2021 ;

5) The TDSITCS Book Adjustment Statement in Form No 24G for the month of May 2021 , required to be furnished on or before 15th June 2021 under Rule 30 and Rule 37CA of the Rules, may be furnished on or before 30th June 2021 ;

6) The Statement of Deduction of Tax from contributions paid by the trustees of an approved superannuation fund for the Financial Year 2020-21 , required to be sent on or before 31 st May 2021 under Rule 33 of the Rules, may be sent on or before 30th June 2021;

7) The Statement of Income paid or credited by an investment fund to its unit holder in Form No 64D for the Previous Year 2020-21 , required to be furnished on or before 15th June 2021 under Rule 12CB of the Rules, may be furnished on or before 30th June 2021 ; 

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