In the light of adverse circumstances arising due to the severe 2nd wave of Covid-19 pandemic and also in view of the several requests received from taxpayers, tax consultants & other stakeholders from across the country, requesting that various compliance dates may be relaxed, the Government has extended certain timelines vide Circular No. 9/2021 as mentioned hereunder:
| S. No. | Nature of Compliance | Original Due Date | Extended Due Date |
| 1. | Statement of Financial Transactions (SFT) for the FY 2020-21 | 31st May 2021 | 30th June 2021
|
| 2. | Statement of Reportable Account for calendar year 2020 | 31st May 2021 | 30th June 2021 |
| 3. | TDS return for Q4 of FY 2020-21 | 31st May 2021 | 30th June 2021 |
| 4. | Issuance of Form 16 TDS certificates | 15th June 2021 | 15th July 2021 |
| 5. | TDS/TCS Book Adjustment Statement in Form 24G for May 2021 | 15th June 2021 | 30th June 2021 |
| 6. | Statement of TDS in case of superannuation fund for FY 2020-21 | 31st May 2021 | 30th June 2021 |
| 7. | Statement of income paid or credited in case of investment fund (Form No. 64D) for AY 2021-22 | 15th June 2021 | 30th June 2021 |
| 8. | Statement of income paid or credited in case of investment fund (Form No. 64C) for AY 2021-22 | 30th June 2021 | 15th July 2021 |
| 9. | Income Tax Return for AY 2021-22 (non – audit cases) | 31st July 2021 | 30th Sep 2021 |
| 10. | Income Tax Return for AY 2021-22 (audit cases) | 31st Oct 2021 | 30th Nov 2021 |
| 11. | Income Tax Return for AY 2021-22 (Cases in which TP report u/s 92E is required to be furnished) | 30th Nov 2021 | 31st Dec 2021 |
| 12. | Tax Audit Report for AY 2021-22 | 30th Sep 2021 | 31st Oct 2021 |
| 13. | Transfer Pricing report u/s 92E | 31st Oct 2021 | 30th Nov 2021 |
| 14. | Belated return u/s 139(4) / Revised Return u/s 139(5) for AY 2021-22 | 31st Des 2021 | 31st Jan 2022 |
Clarification 1: Extension of due date for ITR will not affect the Explanation 1 section 234A (interest for default in furnishing ITR) if amount of tax exceeds 1 lakh
Clarification 2: For the purpose of clarification 1, in case of resident individual referred to in section 207(2) i.e., senior citizen not having income under PGBP, tax paid by him u/s 140A within the due date (without extension under this Circular) of Act shall be deemed to be the advance tax.
(For detailed understanding, please refer CBDT Circular 9/2021 dated 20th May 2021)
https://incometaxindia.gov.in/communications/circular/circular_9_2021.pdf
PDF version is attached : https://dpncindia.com/wp-content/uploads/2021/05/Extension-of-Due-dates-20-May-2021-1.pdf
DISCLAIMER:
The information contained herein is in summary form based on interpretation of Circular No. 9/2021 dated 20th May 2021. While the information is believed to be accurate to the best of our knowledge, we do not make any representations or warranties, express or implied, as to the accuracy or completeness of this information. Reader should conduct and rely upon their own examination and analysis and are advised to seek their own professional advice. This document is not an offer, invitation, advice or solicitation of any kind. We accept no responsibility for any errors it may contain, whether caused by negligence or otherwise or for any loss, howsoever caused or sustained, by the person who relies upon it.
