In view of the severity of the COVID-19 Pandemic, The Central Board of Direct Taxes (CBDT) has proactively extended time limits of certain compliances in order to provide relief to the taxpayers vide Circular No. 9 of 2021 dated 20th May, 2021.
We have summarized the due dates for various compliances as follows:
|Particulars of Compliance||Period||Original Due Date||Extended Due Date|
|Statement of Financial Transactions (SFT)||F.Y. 2020-21||31st May, 2021||30th June, 2021|
|Statement of Deduction of Tax (i.e. TDS Return)||Quarter ended March, 2021||31st May, 2021||30th June, 2021|
|Certificate of Tax Deducted at Source in Form No. 16||F.Y. 2020-21||15th June, 2021||15th July, 2021|
|TDS / TCS Book Adjustment Statement in Form 24G||May, 2021||15th June, 2021||30th June, 2021|
|Return of Income for Assessees NOT Liable to Tax Audit / Transfer Pricing Audit||F.Y. 2020-21||31st July, 2021||30th September, 2021 *|
|Tax Audit Report in Form 3CA-3CD / 3CB-3CD||F.Y. 2020-21||30th September, 2021||31st October, 2021|
|Return of Income for Assessees Liable to Tax Audit||F.Y. 2020-21||31st October, 2021||30th November, 2021 *|
|Transfer Pricing Report in Form 3CEB||F.Y. 2020-21||31st October, 2021||30th November, 2021|
|Return of Income for Assessees Liable to Transfer Pricing||F.Y. 2020-21||30th November, 2021||31st December, 2021 *|
|Furnishing of Belated / Revised Return of Income||F.Y. 2020-21||31st December, 2021||31st January, 2022|
- Interest u/s 234A of the Income Tax Act, 1961 shall be applicable where Self Assessment Tax payable is exceeding Rs. 1 Lakh.
- In case of Individual Resident Assessee, if Self Assessment Tax is Paid within Original Due date as mentioned above, the same shall be deemed to be Advance Tax for the purpose of Section 234A.
To view the Circular: CLICK HERE