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New Extended Due Dates for Income-tax Compliances

new-extended-due-dates-for-income-tax-compliances

After the spur in COVID cases due to outbreak of the second wave of the pandemic and due to lockdowns imposed by almost all the state governments, CBDT has on various occasions issued notifications and orders to extend the due date of various compliances under the Income-tax Act, 1961 (“Act”). All the extensions in the due date of various compliances by the department as well as by the assessee are compiled in this article as a ready referencer applicable from March 2021. This is updated as per the legal position till 25th May, 2021.


The government has taken the powers to extend various due dates under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. Besides, statutory powers are also there under the Income-tax Act.


There were series of extension of due dates in the year 2020 when the first wave of the pandemic has hit the country. Thereafter, the new series of extension has started amid the second wave of the pandemic for the compliances related to the financial year 2020-21 or which were required to be complied by 31-03-2021.



In this series, the first notification issued by the CBDT is Notification No. 20/2021 dated 31.03.2021 to extend the due date of PAN-Aadhaar linking and extension of time limit to issue the notches u/s 148 among others. In the next two successive notifications bearing No. 38/2021 and 39/2021, the Board has extended the time limit for various compliances by the income-tax department including the extension of the time limit to pass various assessment orders. Also, the Board has extended the date for payment of disputed tax under the Vivad se Vishwas Scheme without a 10% additional amount. 


One month later in April 2021, vide an Order dated 30.04.2021 through Circular No. 8/2021, the government has extended certain due dates viz., the due date for payment of TDS, the due date for furnishing TDS statements, etc. Further relief was provided by an Order dated 20.05.2021 vide Circular No. 9/2021 by extending due dates of certain compliances under the Act. 


CBDT has issued the following Notifications and Orders for compliances to extend the due dates which are due from March 2021 which is listed in the following table-


SectionCompliancesOriginal/Last Extended Due DateNew Extended Due Date in force as of nowStatus
Notification No. 10/2021 dated 27.02.2021
Chp. XXIPenalty Orders20.3.20 to 29.6.2130.6.21Active
S. 153/153BAssessment/Reassessment Orders where due date is getting expired on 31-3-21 on account of various extension notifications31.3.2130.4.21Active
Further extended to 30.6.21 by NN 38/21
Assessment/Reassessment Orders where the due date is 31-3-21 without any extension notifications31.3.2130.9.21Active
Notification No. 20/2021 dated 31.03.2021
S. 139AAExtension of PAN-Aadhaar Linking Due Date31-3-2130-6-21Active
S. 149/S.151Issue of Notice u/s 14831-3-2130-4-21Active
Further extended to 30.6.21 by NN 38/21
S. 144C(13)Order consequent to direction of DRP31-3-2130-4-21Active
Further extended to 30.6.21 by NN 38/21
Notification No. 38/2021 dated 27.04.2021
S. 153 / 153BOrder for assessment or reassessment30.4.21
(vide NN 10/21)
30.6.21Active
S. 144C(13)Order consequent to direction of DRP30.4.21
(vide NN 20/21)
30.6.21Active
S. 149/S.151Issue of Notice u/s 14830.4.21
(vide NN 20/21)
30.6.21Active
Notification No. 39/2021 dated 27.04.2021
DTVSV Act, 2020Payment of amount payable under the Direct Tax Vivad se Vishwas Act, 2020, without an additional amount30-4-2130-6-21Active
DTVSV Act, 2020Last date to opt for the VsV Scheme
(Notification No. 9/2021 dated 26.02.2021)
31-3-2131-3-21Expired
Circular No. 8/2021 dated 30.04.2021
S. 246AAppeal before CIT (Appeals)1-4-2131.5.21Active
S. 148ITR to be filed in response to notice u/s 148 1-4-2131-5-21Active
S. 139(4)/(5)Filing of belated and revised return for AY 2020-2131-3-2131-5-21Active
S. 194-IA, 194-IB, 194MTDS payment by filing challan-cum-statement30-4-2131-5-21Active
Rule 114DStatement in Form No. 61
[for Form No. 60 received during the period October 1, 2020 to March 31, 2021]
30-4-2131-5-21Active
Circular No. 9/2021 dated 20.05.2021
Section 285BA and Rule 114ESFT for FY 2020-2131-5-2130-6-21Active
Section 285BA read with Rule 114GStatement of Reportable Account for year 202031-5-2130-6-21Active
Section 200 read with Rule 31AStatement of TDS/TDS Returns for 4th Qtr of FY 2020-2131-5-2130-6-21Active
Section 203 read with Rule 31TDS Certificates in Form 1615-6-2115-7-21Active
Section 203 read with Rule 31TDS Certificates in Form 16A
(See Note 1)
15-6-2115-7-21Active
S. 192(1A) r.w.r 30 and S. 206C r.w.r. 37CATDS/TCS Book Adjustment Statement in Form No 24G for May 2115-6-2130-6-21Active
S. 192(5) r.w.r 33Statement of TDS from contributions paid by the trustees of an approved superannuation fund31-5-2130-6-21Active
S. 115UB r.w.r. 12CBStatement of Income paid or credited in Form 64D for FY 2020-2115-6-2130-6-21Active
S. 115UB r.w.r. 12CBStatement of Income paid or credited in Form 64C for FY 2020-2130-6-2115-7-21Active
S. 139(1)
(See Note 2
Return of Income for AY 2021-22
(for individuals and other non-corporates viz., firm,etc.  having no tax audit cases )
31-7-2130-9-21Active
Return of Income for AY 2021-22
(for companies and Tax Audit cases including partner of such firms and spouse of such partner u/s 5A not having any international or specified domestic transaction)
31-10-2130-11-21Active
Return of Income for AY 2021-22
(for TP cases
30-11-2131-12-21Active
S. 139(4)/(5)Belated/Revised Return of Income for AY 2021-2231-12-2131-1-22Active
S. 44AB r.w.r. 6GTax Audit Report in Form 3CA-3CD or Form 3CB-3CD30-9-2131-10-21Active
S. 12A(1)(b) r.w.r 17BTax Audit Report in Form No. 10B for Charitable Trusts30-9-2131-10-21Active
S. 92E r.w.r. 10ETax Audit Report in Form No. 3CEB 31-10-2130-11-21Active
S. 207(2)Payment of advance tax by resident senior citizen having no business income31-3-2131-7-21Active

Notes:

 

1. Extension of Due date of TDS certificates in Form 16A: In case of the due date of issue of TDS certificates in Form 16, Rule 31 categorically specifies the date of 15th June within Form 16 needs to be issued. Hence, for any relief, the new extended date needs to be notified, as done in this case. On the contrary, in case of issue of TDS certificates in Form 16A, Rule 31 states that the same needs to be issued within 15 days from the due date of furnishing the TDS statements as per Rule 31A. Hence, once the due date to furnish the TDS statements is extended, there is no need to extend the due date to issue the TDS certificates in Form 16A. It is automatically extended to 15 days once the due date for furnishing TDS statements is extended. Hence, when the due date for furnishing the TDS statement for the 4th Quarter of FY 2020-21 is extended to 30-6-2021, the due date to issue the TDS certificates is automatically extended to 15-7-2021 by virtue of Rule 31(3). No separate order is required for such extension.

 

2. Interest u/s 234A is payable if self-assessment tax payable exceeds Rs. 1 Lakh.

 

3. Any tax paid u/s 140A by a resident senior citizen individual having no business income by 31-7-21 will be considered as advance tax and not self-assessment tax for such senior citizen individual.

 

4. No extension of the due date for payment of TDS/TCS for the month of March 2021 which expires on 30th April 2021 despite the fact that many of the states were under full lockdown on that date and still continuing. 

 

5. No extension of the due date for payment of TDS/TCS for the month of April 2021 which expires on 7th May 2021 despite the fact that many of the states were under full lockdown on that date and still continuing.

 

6. Even though there is an extension given for the TDS statement for the 4th Quarter of the FY 2020-21, there is no extension of the due date for the TCS statement for the 4th Quarter of the FY 2020-21.

 

7. There is no relief for applicability of extended date to lower TDS certificates and submission of Form 15G/Form 15H 




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