Income Tax due Dates 2021: The Union Government not too long ago extended the due dates of a number of tax-associated performs for the advantage of taxpayers. The due dates have been extended for offering relief to taxpayers hit by the second wave of the Covid-19 pandemic and the subsequent lockdowns in states.
“In view of the impact of the Covid-19 pandemic, taxpayers are facing inconvenience in meeting certain tax compliances and also in filing response to various notices. In order to ease compliances to be made by taxpayers during this difficult time, reliefs are being provided through Notifications nos. 74/2021 & 75/2021 dated 25th June, 2021 Circular no. 12/2021 dated 25th June, 2021,” the Ministry of Finance had stated in a statement on 25th June.
Here’s a list of extended due dates ending in July 2021:
- The Certificate of Tax Deducted at Source in Form No.16 below Rule 31 of the Income Tax Rules 1962 might be furnished on or prior to 31st July, 2021. Earlier, the due date for this was 15th June, 2021.
- The Statement of Deduction of Tax for the last quarter of the Financial Year 2020-21 below Rule 31A of the Income-tax Rules,1962 might be furnished on or prior to 15th July, 2021. Earlier due date was 31st May, 2021.
- 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 might be furnished on or prior to 15th July, 2021. The original due date for this was 15th June, 2021.
- 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 might be furnished on or prior to 31st July, 2021. It was earlier necessary to be furnished on or prior to 30th June, 2021.
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- 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 below Rule 37 BB of the Rules might be furnished on or prior to 31st July, 2021.
- The Annual Statement necessary to be furnished below sub-section (5) of section 9A of the Act by the eligible investment fund in Form No. 3CEK for the Financial Year 2020-21 might be furnished on or prior to 31st July, 2021. Uploading of the declarations received from recipients in Form No. 15G/15H for the duration of the quarter ending 30th June, 2021 might be uploaded by 31st August,2021.
- Exercising of choice to withdraw pending application (filed prior to the erstwhile Income Tax Settlement Commission) below sub-section (1) of Section 245M of the Act in Form No. 34BB might be exercised on or prior to 31st July, 2021.
The Government has also offered some relief in the kind of tax exemption on the cash received from employers and effectively-wishers for remedy of Covid-19.