Income Tax (CBDT) Due Date Further Extended on 03.08.2021

Income Tax (CBDT) Due Date Further Extended on 03.08.2021 The Board of Direct Taxes (Income Tax Department) vide circular No. 15/2021 dated 03.08.202…

CS Lalit Rajput

Aug 4, 2021

Last update on Aug 4, 2021

Income Tax (CBDT) Due Date Further Extended on 03.08.2021 The Board of Direct Taxes (Income Tax Department) vide circular No. 15/2021 dated 03.08.2021, in the exercise of its power under section 119 of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) has issued circular w.r.t. Extension of timelines for electronic filing of various Forms under the Income-tax Act, 1961 to provide relief to taxpayers in view of the severe pandemic and spike in Covid-19 cases and also announces tax exemption: Extension Table

Sl.	Nature of Extension	Provisions of IT Act 1961	Due Date	Extended Due Date
1	The Quarterly statement in Form No. 15CC to be furnished by authorized dealer in respect of remittances made for the quarter ending on 30^th June, 2021	Rule 37BB of the Rules	15.07.2021	31.08.2021
2	The Equalization Levy Statement in Form No.1 for the Financial Year 2020- 21,		30.06.2021	31.08.2021
3	The Statement of Income paid or credited by an investment fund to its unit holder in Form No. 640 for the Previous Year 2020-21	Rule 12CB of the Rules	15.06.2021	31.09.2021
4	The Statement of Income paid or credited by an investment fund to its unit holder in Form No. 64C for the Previous Year 2020-21	Rule 12CB of the Rules	30.06.2021	30.09.2021
5	Intimation to be made by a Pension Fund in respect of each investment made by it in India in Form No. 10BBB for the quarter ending on 30^th June,2021	Rule 2DB of the Rules	31.07.2021	30.09.2021
6	Intimation to be made by Sovereign Wealth Fund in respect of investments made by it in India in Form II SWF for the quarter ending on 30th June, 2021		31.07.2021	30.09.2021

Clarifications by CBDT:

It is also clarified that the above said forms, e-filed, after the expiry of time limits provided as per Circular No.12 of 2021 dated 25.06.2021 or as per the relevant provisions, till date, will stand regularized accordingly.

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About Author

CS Lalit Rajput

Company Secretary

Lalit Rajput is a qualified Company Secretary and graduate with 5+ years’ experience in handling Secretarial and Compliance management. Working as Proprietor at Lalit Rajput &Associates, Company Secretaries and Compliance Head at EDUXGURU. Key areas include handling Compliances related to Secretarial, Start-ups, SEBI, FEMA, Labour Laws, GST, NCLT, IPR, MCA/ROC, RTA etc. He has started his career in Adventz Group with one of leading EPC Company, Kalindee Rail Nirman - A Div. Of Texmaco Rail & Engineering Limited (erstwhile known as Kalindee Rail Nirman (Engrs.) Ltd.) and after that worked with Outcome Solutions & Services LLP, a Risk Advisory firm and S. Srinivasan & Co.,Leading Company Secretaries firm in Mumbai and Chennai. He is also an active blogger/Author at many platform and has written various articles on: Taxguru, Compliance Calendar LLP, Studycafe, Caclubindia, Casansaar, theTaxTalk, Lawyer’s Connect, IPleaders, Governance Professionals, Lawyers club India, Dealout Professionals and many more. He has also blogger at ENLIGHTEN GOVERNANCE and contributed articles in ICSI E-Corporate Manager published by ICSI Ahmadabad Chapter.