CBDT Extends Due Dates of 18 Income-Tax Compliances

The Central Board of Direct Taxes, Government of India provides further relief to taxpayers during the prevailing COVID-19 outbreak by extending timelines of certain compliances. CBDT announced the extension of due dates of 18 types of income-tax compliances from June 30^th, 2021 to various dates vide Notifications dated 25th June 2021. The Present article briefs the extensions so provide.

Synopsis of Notification

Because of constraints being faced by the taxpayers due to the second wave of COVID-19, there were several representations for extension of timelines for compliances under the Income-tax Act, 1961. Considering the representations, CBDT further extends the due date of Income Tax Compliances for the AY 2020- 2021. It includes the extension of the due date to file the TDS return of the 4th quarter of FY 2020-21 and application in Form 10A for new registration under section 12AB and section 10(23C)/80G for Trusts and other institutions and also the time limit to pass assessment orders and penalty orders

Due Dates Extension for Income-tax Compliances

The list of compliances that have been extended by CBDT via Circular No. 12/2021, Notification No. 74/2021, and Notification No. 75/2021 dated 25.06.2021 is as follows:

Due Dates for Linking Aadhaar with PAN

The last date of linkage of Aadhaar with PAN under section 139AA of the Act, which was earlier extended to 30th June 2021 is further extended to 30th September 2021.

Due Dates for Payment of amount under Vivad se Vishwas

The last date of payment of an amount under Vivad se Vishwas(without additional amount) which was earlier extended to 30th June 2021 is further extended to 31st August 2021.
The last date of payment of the amount under Vivad se Vishwas (with additional amount) has been notified as 31st October 2021.

Due Dates for filing Objections to DRP and Assessing Officer

The last date for filing objections to Dispute Resolution Panel (DRP) and Assessing Officer under section 144C of the Income-tax Act, 1961, is 1st June 2021. With this notification, CBDT announced that the objections may be filed within the time provided in that section or by 31st August 2021, whichever is later

Due Dates for Furnishing of the Statement of Deduction of Tax

The Statement of Deduction of Tax for the last quarter of the Financial Year 2020-21, required to be furnished on or before 31st May 2021 under Rule 31A of the Income-tax Rules, 1962.
CBDT earlier announced the due date as 30th June 2021 vide Circular No.9 of 2021.
With this new notification, CBDT further extended the due date for Furnishing of the Statement of Deduction of Tax to 15th July 2021.

Due Dates for Furnishing of Form No.16

The CBDT announced that Form No.16 is required to be furnished to the employee by 15th July 2021, 2021 vide Circular No.9 of 2021. Now, with this notification CBDT further extended the due date to 31st July 2021. Hence, the employer can furnish a Certificate of Tax Deducted at Source in Form No.16 to the employee on or before 31st July 2021.

Due Dates for Furnishing of Form No. 64D

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 Income Tax Rules. The due date also extended to 30th June 2021 vides Circular No.9 of 2021. CBDT now announced that Form No.64D may be furnished on or before 15th July 2021

Due Dates for Furnishing of Form No. 64C

The Statement of Income paid or credited by an investment fund to its unit holder in Form No. 64C for the Previous Year 2020-21, required to be furnished on or before 30th June 2021 under Rule 12CB of the Income Tax Rules. The due date also extended to 15th July 2021 vides Circular No.9 of 2021. CBDT now announced that Form No.64C may be furnished on or before 31st July 2021.

Due Dates for filing Quarterly Statement in Form No. 15CC

The Quarterly Statement in Form No. 15CC to be furnished by an authorized dealer in respect of remittances made for the quarter ending on 30th June 2021, required to be furnished on or before 15th July 2021 under Rule 37 BB of the Income-tax Rules. With this notification, CBDT announced that Quarterly Statement in Form No. 15CC may be furnished on or before 31st July 2021.

Due Dates for furnishing Equalization Levy Statement in Form No. 1

The Equalization Levy Statement in Form No. 1 for the Financial Year 2020-2021, which is required to be filed on or before 30th June 2021, may be furnished on or before 31st July 2021.

Due Dates for Furnishing of Annual Statement in Form No. 3CEK

The Annual Statement is required to be furnished under sub-section (5) of section 9A of the Income Tax Act by the eligible investment fund in Form No. 3CEK. The due date for furnishing Form No.3CEK for the Financial Year 2020-21 is 29th June 2021. Now the CBDT further extended this due date to 31st July 2021.

Due Dates for filing Application under Section 10(23C), 12AB, 35, 80G

The application under Section 10(23C), 12AB, 35(1)(ii)/(iia)/(iii) and 80G of the Income Tax Act in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc., required to be made on or before 30th June, 2021, may be made on or before 31st August, 2021.

Due Dates for Claiming Exemption under Section 54 to 54GB

The compliances to be made by the taxpayers such as investment, deposit, payment, acquisition, purchase, construction, or such other action, by whatever name called, to claim any exemption under the Section 54 to 54GB of the Income Tax Act, for which the last date of such compliance falls between 1st April 2021 to 29th September 2021 (both days inclusive), may be completed on or before 30th September 2021.

Due Dates for Uploading Declaration in Form No. 15G/15H

Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th June 2021, which is required to be uploaded on or before 15th July 2021. CBDT now extended this due date also, declaration in Form No. 15G/15H may be uploaded by 31st August 2021.

Due Dates for Filing of Form No. 34BB

Exercising of option to withdraw pending application (filed before the erstwhile Income Tax Settlement Commission) under sub-section (1) of Section 245M of the Income Tax Act in Form No. 34BB, which is required to be exercised on or before 27th June 2021, may be exercised on or before 31st July 2021.

Other Extensions

The due date for passing the assessment order which was earlier extended to 30th June 2021 is further extended to 30th September 2021.
The due date for passing penalty order which was earlier extended to 30th June 2021 is further extended to 30th September 2021.
The due date for processing Equalization Levy returns which was earlier extended to 30th June 2021 is further extended to 30th September 2021.

Refer to the following table for the understanding of the extension of Due Date for Income-Tax Compliances:

Compliances	Existing Due Date	Extended Due Date
Linking Aadhaar with PAN	30-06-2021	30-09-2021
Payment of amount under Vivad se Vishwas (without additional amount)	30-06-2021	31-08-2021
Payment of amount under Vivad se Vishwas (with additional amount)	30-06-2021	31-10-2021
Filing Objections to DRP and Assessing Officer	01-06-2021	31-08-2021
Furnishing of the Statement of Deduction of Tax	30-06-2021	15-07-2021
Furnishing of Form No.16	15-07-2021	31-07-2021
Furnishing of Form No. 64C	30-06-2021	31-07-2021
Furnishing of Form No. 64D	30-06-2021	15-07-2021
Quarterly Statement in Form No. 15CC	15-07-2021	31-07-2021
Furnishing of Equalization Levy Statement in Form No. 1	30-06-2021	31-07-2021
Furnishing of Annual Statement in Form No. 3CEK
Filing of Application under Section 10(23C), 12AB, 35, 80G
Claiming Exemption under Section 54 to 54GB
Uploading Declaration in Form No. 15G/15H	15-07-2021	31-08-2021
Filing of Form No. 34BB	27-06-2021	31-07-2021
Due-date for passing the assessment	30-06-2021	30-09-2021
Due-date for passing penalty order	30-06-2021	30-09-2021
Due-date for processing Equalization Levy returns	30-06-2021	30-09-2021