The Finance Minister extended the time limits for the electronic submission of different forms covered in the 1961 Income Tax Act. The reason for extending the Deadline for filing various forms under the Income Tax Act is that several taxpayers reported issues in the New Income Tax Portal. In this article, you will learn about the Govt extends deadline for filing of various forms under Income Tax Act.
Therefore, to give relaxations to taxpayers amid COVID-19 and problems faced by them on the Income Tax Portal, Govt extends the deadline for filing of various forms under the Income Tax Act. This article discusses the latest update by the Government on Income Tax Forms in detail.
Extension of Income Tax Return Filing
As from the earlier normal deadline of 31 July 2021, the income tax return (ITR) filing date for the year 2020-21 for individuals has been extended until 30 September 2021. Similarly, the Government extended due dates for electronic filing of various forms. Read this in detail – CBDT extends due dates for electronic filing of various forms
“On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 read with Income-tax Rules,1962 (Rules), Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such Forms,”
Govt extends deadline for filing of various forms
The details of the various forms whose deadlines are now extended are as follows.
- The application for registration or intimation or approval under Section 10(23C), 12A, 35(1)(ii)/(iia)/(iii) or 80G of the Act in Form No. 10A required to be filed on or before 30th June 2021, as extended to 31st August 2021 vide Circular No.12 of 2021 dated 25.06.2021, may be filed on or before 31st March 2022.
- The application for registration or approval under Section 10(23C), 12A or 80G of the Act in Form No.10AB, for which the last date for filing falls on or before 28th February 2022 may be filed on or before 31st March 2022.
- The Equalization Levy Statement in Form No.1 for the Financial Year 2020- 21, which was required to be filed on or before 30th June 2021, as extended to 31st August 2021 vide Circular No.15 of 2021 dated 03.08.2021, may be filed on or before 31st December 2021.
- The Quarterly statement in Form No. 15CC to be furnished by an authorized dealer in respect of remittances made for the quarter ending on 30th June 2021, required to be furnished on or before 15th July 2021 under Rule 37BB of the Rules, as extended to 31st August 2021 vide Circular No.15 of 2021 dated 03.08.2021, maybe furnished on or before 30th November 2021.
- The Quarterly statement in Form No. 15CC to be furnished by an authorized dealer in respect of remittances made for the quarter ending on 30th September 2021, required to be furnished on or before 15th October 2021 under Rule 37BB of the Rules, may be furnished on or before 31st December 2021.
- Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th June 2021, which was originally required to be uploaded on or before 15th July 2021, and subsequently by 31st August 2021, as per Circular No.12 of 2021 dated 25.06.2021, may be uploaded on or before 30th November 2021.
- Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th September 2021, which is required to be uploaded on or before 15th October 2021, maybe uploaded on or before 31st December 2021.
- 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, required to be made on or before 31st July 2021 as per Circular No.15 of 2020 dated 22.07.2020, as extended to 30th September 2021 vide Circular No.15 of 2021 dated 03.08.2021, may be made on or before 30th November 2021.
- 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 September 2021, required to be made on or before 31st October 2021 as per Circular No.15 of 2020 dated 22.07.2020, may be made on or before 31st December 2021.
- 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 30th June 2021, required to be made on or before 31st July 2021 under Rule 2DB of the Rules, as extended to 30th September 2021 vide Circular No. 15 of 2021 dated 03.08.2021, may be made on or before 30th November 2021.
- 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 30th September 2021, required to be made on or before 31st October 2021 under Rule 2DB of the Rules, may be made on or before 31st December 2021.
- Intimation by a constituent entity, resident in India, of an international group, the parent entity of which is not resident in India, for the purposes of subsection (1) of section 286 of the Act, in Form No.3CEAC, required to be made on or before 30th November 2021 under Rule 10DB of the Rules, may be made on or before 31st December 2021.
- Report by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the purposes of subsection (2) or sub-section (4) of section 286 of the Act, in Form No. 3CEAD, required to be furnished on or before 30th November 2021 under Rule 10DB of the Rules, may be furnished on or before 31st December 2021.
- Intimation on behalf of an international group for the purposes of the proviso to sub-section (4) of section 286 of the Act in Form No. 3CEAE, required to be made on or before 30th November 2021 under Rule 10DB of the Rules, may be made on or before 31st December 2021.
Moreover, If you want any other guidance relating to ITR filling, please feel free to talk to our business advisors at 8881-069-069.
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