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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 30th 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 30th 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

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  • 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.

Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error, or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event, the author shall be liable for any direct, indirect, special, or incidental damage resulting from or arising out of or in connection with the use of this information.

CS Lalit Rajput TaxClue
CS Lalit Rajputhttp://enlightengovernance.blogspot.com/
Company Secretary having 5 years of post-qualification experience in the Compliance Management Services industry by serving Corporates including Listed Companies, Corporate Secretarial Firms, and LLP.

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