Extension of Important Income tax due dates.

 

Given below the summary of the extension provided by CBDT.

SN	Compliance	Actual due date	Extended due date.
			Circular No. 9  dated May 20, 2021.	Press Release dated June 25, 2021
1	Statement of Financial Transactions	May 31, 2021	June 30, 2021	July 31, 2021
2	E TDS return	May 31, 2021	June 30, 2021	July 15, 2021
3	Issuance for Form 16	June 15, 2021	July 15, 2021.	July 31, 2021
4	Income tax return – non audit case	July 31, 2021	Sep 30, 2021
5	Submission of tax audit report	Sep 30, 2021	Oct 31, 2021
6	Furnishing of TP report -  Form 3CEB	Oct 31, 2021	Nov 30,2021
7	Income tax return – audit case non TP	Oct 31, 2021	Nov 30,2021
8	Income tax return – audit case with TP	Nov 30,2021	Dec 31, 2021
9	Belated/ Revised return	Dec 31, 2021	Jan 31, 2022
10	Objection to DRP u/s 144C	June 01, 2021	NA	Aug 31, 2021
11	Filing of Form 10A by Charitable Trust	June 30, 2021	NA	Aug 31, 2021
12	Linking of Aadhar with PAN	June 30, 2021	NA	Sep 30, 2021
13	Assessment & Penalty order	June 30, 2021	NA	Sep 30, 2021

 

Which tax deadlines not extended

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 taxpayer find difficult to pay TDS in the present lockdown scenario

 

02.    Payment of the first 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. For this, the due date is still May 31, 2021, & June 30, 2021, respectively.

 

04.    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.

 

05.    No extension of applicability of new section 206AB & section 194Q which are effective from July 1, 2021.

 

06.    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.