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Taxpayers get an extension in meeting their Income Tax Compliances

CBDT has extended due dates for the taxpayers in order to meet their income tax compliances between April 2021 to May 21

Due to increasing cases of COVID-19 throughout the country, keeping in mind CBDT (Central Board of Direct Taxes) has issued Circular No.08/2021 thereby giving relaxation to the taxpayers in respect of their Income Tax compliances.

ParticularsOriginal Due DateExtended Due Date
The due date for filing Belated Return of Income u/s 139(4) and revised return u/s 139(5) of the Income Tax Act 1961 for the Assessment year 2020-21 (the financial year 2019-20)31st March 202131st May 2021
Filing of SFT (Statement of financial transactions) as per section 285BA of the Income Tax Act 1961. (Form No.61)30th April 202131st May 2021
Income Tax Return in response to notice u/s 148 of the Income Tax Act 1961Date of filing of ROI under the said notice is 1st April 2021 or thereafterWithin the time period prescribed under the said; or 31st May 2021 whichever is later.
Appeal to CIT(A)Last date of filing is 1st April 2021 or thereafterWithin the time provided under the section; or 31st May 2021 whichever is later.
Payment of Tax deducted and filing of challan-cum-statement u/s 194-IA [Purchase of immovable property], 194-IB [TDS on rent of property], and Section 194M [TDS on payments to Resident Contractors and professionals].Paid and furnished by 30th April 2021 under R_30 of IT Rules 1962Or or before 31st May 2021
Objections to DRP (Dispute Resolution Panel) u/s 144C of the Income Tax Act 1961Under that section is 1st April 2021 or thereafterWithin the time provided under that section; or 31st May 2021 whichever is later.

Recently on 24th April 2021, CBDT has further extended timelines in wake of increasing COVID cases for Department in terms of time limit for passing various notices, order, intimation as per the relevant section of the Act.

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