The Central Board of Direct Taxes under Ministry of finance of Government of India has released circular no: 9 of 2021 on May 20, 2021 regarding the extension in timeline of some compliance, providing relaxation to the taxpayers due to Covid 19 pandemic. Further, Central Board of Direct Taxes (CBDT) has also provided relaxation in following compliances for individual and non individual tax payers.

  1. The Statement of Financial Transactions(SFT) for the Financial Year 2020-21, which was required to be furnished on or before 31st May, 2021 under Rule 114E of the Income-tax Act, 1962 and various notifications issued there under, may be furnished on or before 30th June, 2021.
  2. The Statement of Reportable Account for the calendar year 2020, which was required to be furnished on or before 31st May, 2021 under Rule 114G of the Rules, may be furnished on or before 30th June, 2021;
  3. The Statement of Tax Deduction for the last quarter of the Financial Year 2020-21, required to be furnished on or before 31st May, 2021 under Rule 31A of the Rules, may be furnished on or before 30th June, 2021;
  4. The Certificate of Tax Deducted at Source or Form No 16, required to be furnished to the employee by 15th June, 2021 under Rule 31 of the Rules, may be furnished on or before 15th July, 2021;
  5. The TDS/TCS Book Adjustment Statement in Form No 24G for the month of May 2021, required to be furnished on or before 15th June, 2021 under Rule 30 and Rule 37CA of the Rules, may be furnished on or before 30th June, 2021;
  6. The Statement of Deduction of Tax from contributions paid by the trustees of an approved superannuation fund for the Financial Year 2020-21, required to be sent on or before 31st May, 2021 under Rule 33 of the Rules, may be sent on or before 30th June, 2021;
  7. The Statement of Income paid or credited by an investment fund to its unit holder in Form No 64D for the Previous Year 2020-21, required to be furnished on or before 15th June, 2021 under Rule 12CB of the Rules, may be furnished on or before 30th June, 2021;
  8. 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, required to be furnished on or before 30th June, 2021 under Rule 12CB of the Rules, may be furnished on or before 15th July, 2021;
  9. The due date of filing of Return of Income (ITR) for the Assessment Year 2021-22, which is 31st July, 2021 under sub-section (1) of section 139 of the Act, is extended to 30th September, 2021;
  10. The due date of furnishing of Audit Report under any provision of the Act for the Previous Year 2020-21, which is 30th September, 2021, is extended to 31st October, 2021;
  11. The due date of furnishing report from an Accountant by persons entering into international transaction or specified domestic transaction under section 92E of the Act for the Previous Year 2020-21,which is 31st October, 2021, is extended to 30th November, 2021;
  12. The due date of filing of Return of Income (ITR) for the Assessment Year 2021-22, which is 31st October, 2021 under sub-section (1) of section 139 of the Act, is extended to 30th November, 2021;
  13. The due date of filing of Return of Income (ITR) for the Assessment Year 2021-22, which is 30th November, 2021 under sub-section (1) of section 139 of the Act, is extended to 31st December, 2021;
  14. The due date of filing of belated/revised Return of Income (ITR) for the Assessment Year 2021-22, which is 31st December, 2021 under sub-section (4)/sub-section (5) of section 139 of the Act, is extended to 31st January, 2022.

Further to note :

Clarification 1: Clarification is already provided regarding all the extensions related to the dates which are referred under the clauses (9), (12), and (13) will not be applicable to Explanation 1 to section 234A of the Act, in the cases where the tax amount on the total income as reduced from the amount as given in clauses (i) to (vi) of sub-section (1) of that section exceeds one lakh rupees.

Clarification 2: As stated in Clarification 1, in case of an Individual resident in India which is explained in sub-section (2) of section 207 of the Income Tax Act, where he pays tax under section 140A of IT Act before the due date (without the extension given in this circular) provided in that Act, should be considered as the advance tax.