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

Last updated: 26 June 2021

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The Central Board of Direct Taxes (CBDT) has extended the deadlines for several tax compliances to help taxpayers facing difficulties due to the severe pandemic. These extensions cover a range of filings, including objections to Dispute Resolution Panels, TDS statements and certificates, investment fund income statements, and applications for registration of trusts and institutions. Specific new deadlines have been provided for each type of compliance, offering much-needed relief.

F. NO.225/49/2021IT AII Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi. Dated 25th June,2021 Subject: Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic reg. On consideration of genuine hardship being faced by the taxpayers in making various compliances under the Income-tax Act. 1961 (hereinafter referred to as the Act) in view of severe pandemic, the Central Board of Dire

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FAQ :

Tax compliance deadlines have been extended to provide relief to taxpayers who are facing genuine hardship in meeting these obligations due to the severe pandemic.

The extensions cover various compliances including objections to Dispute Resolution Panels, TDS statements and certificates (Form 16), investment fund income statements (Form 64D and 64C), applications for registration of trusts and institutions (Form 10A/10AB), exemptions under sections 54 to 54GB, quarterly statements for remittances (Form 15CC), Equalization Levy statements (Form 1), annual statements for investment funds (Form 3CEK), and uploading of declarations (Form 15G/15H).

Objections to the Dispute Resolution Panel or Assessing Officer, which were due on or after 1st June 2021, can now be filed by 31st August 2021, or within the original time limit if that is later.

The deadline for furnishing Form 16 to employees, originally 15th June 2021 and extended to 15th July 2021, has now been extended to 31st July 2021.

For compliances required for claiming exemptions under Sections 54 to 54GB of the Act, where the last date falls between 1st April 2021 and 29th September 2021, the deadline has been extended to 30th September 2021.

The Equalization Levy Statement (Form 1) for the Financial Year 2020-21, originally due on 30th June 2021, can now be furnished by 31st July 2021.

Circular No : 12/2021
Source : https://www.incometaxindia.gov.in/communications/circular/circular_no_12_2021.pdf

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