The CBDT vide circular no. 9 dated May 20, 2021, extended the number of Income tax due dates for the financial year 2021 to provide some relief to the taxpayer during the second wave of covid and lockdown in the country. However, we find that following CBDT gas not extended the due dates for the following compliances and this will continue the hardship to the taxpayer.
01. Payment of TDS for
the month ended May 2021 - The due date is still June 7, 2021, and for the taxpayer
find difficult to pay TDS in the present lockdown scenario
02. Payment of the first a quarter of advance tax is due on June 15, 2021, and for this also CBDT not
extended the date which continues the hardship to the taxpayer.
03. The due date of TDS
return has been extended by one month but not for TCS return and equalization
levy return. For this, the due date is still May 31, 2021, & June 30, 2021,
respectively.
04. All charitable trust
who had obtained registration u/s 12AA and 80G are required to apply for
re-registration by submitting form 10A before June 30, 2021. There is no
extension of the date for these compliances.
05. There is no extension
of payment of self-assessment tax over Rs. 1 Lakh. The due date for the same is
still July 31, 2021.
06. Also, there is no
extension for submission of form 15G and 15H which is due on June 30,
2020.
07. Also in respect of
GST return, there is no extension of the due date towards payment of tax and
filing of returns. The CBIC only waive the late fees till May and also reduced
the rate of interest for delayed payment from 18% to 9%.
Thus, the tax department has not
provided complete relief to the taxpayer during this hard time and hence it is
very important to aware of which due dates were not extended.
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