{"id":51594,"date":"2021-05-20T18:41:19","date_gmt":"2021-05-20T13:11:19","guid":{"rendered":"https:\/\/newsmakhani.com\/?p=51594"},"modified":"2021-05-20T18:41:19","modified_gmt":"2021-05-20T13:11:19","slug":"government-extends-certain-timelines-in-light-of-severe-pandemic","status":"publish","type":"post","link":"https:\/\/newsnarad.com\/pa\/government-extends-certain-timelines-in-light-of-severe-pandemic\/","title":{"rendered":"Government extends certain timelines in light of severe pandemic"},"content":{"rendered":"

\u0a2e\u0a3e\u0a2b\u0a3c \u0a15\u0a30\u0a28\u0a3e, \u0a07\u0a39 \u0a16\u0a2c\u0a30 \u0a24\u0a41\u0a39\u0a3e\u0a21\u0a40 \u0a2c\u0a47\u0a28\u0a24\u0a40 \u0a2d\u0a3e\u0a38\u0a3c\u0a3e \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a2a\u0a32\u0a2c\u0a27 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 \u0a15\u0a3f\u0a30\u0a2a\u0a3e \u0a15\u0a30\u0a15\u0a47 \u0a07\u0a71\u0a25\u0a47 \u0a26\u0a47\u0a16\u0a4b\u0964<\/a><\/p>

DELHI MAY 20, 2021:<\/p>\n

The Central Government, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the severe Covid-19 pandemic, has, on consideration of representations received from various stakeholders,decided\u00a0 to\u00a0 extend timelines for compliances under the Income-tax Act,1961 (hereinafter referred to as \u201cthe Act\u201d) in the following cases, as under:<\/p>\n

    \n
  1. The Statement of Financial Transactions(SFT)<\/strong>\u00a0for the Financial Year 2020-21, required to be furnished on or before 31st\u00a0<\/sup>May, 2021 under Rule 114E of the Income-tax Rules, 1962 (hereinafter referred to as \u201cthe Rules\u201d) and various notifications issued thereunder, may be furnished\u00a0on or before 30th<\/sup>\u00a0June, 2021;<\/strong><\/li>\n<\/ol>\n

     <\/p>\n

      \n
    1. The Statement of Reportable Account<\/strong>\u00a0for the calendar year 2020, required to be furnished on or before 31st<\/sup>\u00a0May, 2021 under Rule 114G of the Rules, may be furnished\u00a0on or before 30th<\/sup>\u00a0June, 2021<\/strong>;<\/li>\n<\/ol>\n

       <\/p>\n

        \n
      1. The Statement of Deduction of Tax<\/strong>\u00a0for the last quarter of the Financial Year 2020-21, required to be furnished on or before 31st<\/sup>\u00a0May, 2021 under Rule 31A of the Rules, may be furnished\u00a0on or before 30th<\/sup>\u00a0June, 2021<\/strong>;<\/li>\n<\/ol>\n

         <\/p>\n

          \n
        1. The Certificate of Tax Deducted at Source\u00a0<\/strong>in\u00a0Form No 16<\/strong>, required to be furnished to the employee by 15th<\/sup>\u00a0June, 2021 under Rule 31 of the Rules, may be furnished\u00a0on or before 15th<\/sup>\u00a0July, 2021<\/strong>;<\/li>\n<\/ol>\n

           <\/p>\n

            \n
          1. The TDS\/TCS Book Adjustment Statement\u00a0<\/strong>in\u00a0Form No 24Gfor the month of May 2021<\/strong>, required to be furnished on or before 15th<\/sup>\u00a0June, 2021 under Rule 30 and Rule 37CA of the Rules, may be furnished\u00a0on or before 30th<\/sup>\u00a0June, 2021<\/strong>;<\/li>\n<\/ol>\n

             <\/p>\n

              \n
            1. The Statement of Deduction of Tax<\/strong>\u00a0from contributions paid by the trustees of an approved superannuation fund for the Financial Year 2020-21, required to be sent on or before 31st<\/sup>\u00a0May, 2021 under Rule 33 of the Rules, may be sent\u00a0on or before 30th<\/sup>\u00a0June, 2021<\/strong>;<\/li>\n<\/ol>\n

               <\/p>\n

                \n
              1. The Statement of Income paid or credited\u00a0<\/strong>by an investment fund to its unit holder in\u00a0Form No 64D<\/strong>\u00a0for the Previous Year 2020-21, required to be furnished on or before 15th<\/sup>\u00a0June, 2021 under Rule 12CB of the Rules, may be furnished\u00a0on or before 30th<\/sup>\u00a0June, 2021<\/strong>;<\/li>\n<\/ol>\n

                 <\/p>\n

                  \n
                1. The Statement of Income paid or credited<\/strong>\u00a0by an investment fund to its unit holder in\u00a0Form No 64C<\/strong>\u00a0for the Previous Year 2020-21, required to be furnished on or before 30th\u00a0<\/sup>June, 2021 under Rule 12CB of the Rules, may be furnished\u00a0on or before 15th<\/sup>\u00a0July, 2021<\/strong>;<\/li>\n<\/ol>\n

                   <\/p>\n

                    \n
                  1. The\u00a0due date offurnishing of Return of Income\u00a0<\/strong>for the\u00a0Assessment Year 2021-22<\/strong>, which is 31st<\/sup>\u00a0July, 2021 under sub-section (1) of section 139 of the Act, is\u00a0extended to 30th<\/sup>\u00a0September, 2021<\/strong>;<\/li>\n<\/ol>\n

                     <\/p>\n

                      \n
                    1. The\u00a0due date offurnishing of Report of Audit<\/strong>\u00a0under any provision of the Act for the Previous Year 2020-21, which is 30th<\/sup>\u00a0September, 2021, is\u00a0extended to 31st<\/sup>\u00a0October, 2021<\/strong>;<\/li>\n<\/ol>\n

                       <\/p>\n

                        \n
                      1. The\u00a0due date of furnishing report\u00a0from an Accountant<\/strong>\u00a0by persons entering into international transaction or specified domestic transaction under\u00a0section 92E\u00a0<\/strong>of the Act\u00a0for the Previous Year 2020-21,which is 31st<\/sup>\u00a0October, 2021,\u00a0is\u00a0extended to 30th<\/sup>\u00a0November, 2021<\/strong>;<\/li>\n<\/ol>\n

                         <\/p>\n

                          \n
                        1. The\u00a0due date of furnishing of Return of Income<\/strong>\u00a0for the\u00a0Assessment Year 2021-22<\/strong>, which is 31st<\/sup>\u00a0October, 2021 under sub-section (1) of section 139 of the Act, is\u00a0extended to 30th<\/sup>\u00a0November, 2021<\/strong>;<\/li>\n<\/ol>\n

                           <\/p>\n

                            \n
                          1. The\u00a0due date of furnishing of Return of Income<\/strong>\u00a0for the\u00a0Assessment Year 2021-22<\/strong>, which is 30th<\/sup>\u00a0November, 2021 under sub-section (1) of section 139 of the Act, is\u00a0extended to 31st<\/sup>\u00a0December, 2021<\/strong>;<\/li>\n<\/ol>\n

                             <\/p>\n

                              \n
                            1. The\u00a0due date offurnishing of belated\/revised Return of Income<\/strong>\u00a0for the\u00a0Assessment Year 2021-22<\/strong>, which is 31st<\/sup>\u00a0December, 2021 under sub-section (4)\/sub-section (5) of section 139 of the Act, is\u00a0extended to 31st<\/sup>\u00a0January, 2022<\/strong>.<\/li>\n<\/ol>\n

                              \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong>It is clarified that the extension of the dates as referred to in clauses (ix), (xii) and (xiii) above shall not apply to Explanation 1 to section 234A of the Act, in cases where the amount of tax on the total income as reduced by the amount as specified in clauses (i) to (vi) of sub-section (1) of that section exceeds rupees one lakh.Further, in case of an individual resident in India referred to in sub-section (2) of section 207 of the Act, the tax paid by him under section 140A of the Act within the due date (without extension ) provided in that Act, shall be deemed to be the advance tax.<\/p>\n

                              CBDT Circular No.9\/2021 in F.No.225\/49\/2021\/ITA-II dated 20.05.2021 issued. The said Circular is available on www.incometaxindia.gov.in.<\/p>","protected":false},"excerpt":{"rendered":"

                              \u0a2e\u0a3e\u0a2b\u0a3c \u0a15\u0a30\u0a28\u0a3e, \u0a07\u0a39 \u0a16\u0a2c\u0a30 \u0a24\u0a41\u0a39\u0a3e\u0a21\u0a40 \u0a2c\u0a47\u0a28\u0a24\u0a40 \u0a2d\u0a3e\u0a38\u0a3c\u0a3e \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a2a\u0a32\u0a2c\u0a27 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 \u0a15\u0a3f\u0a30\u0a2a\u0a3e \u0a15\u0a30\u0a15\u0a47 \u0a07\u0a71\u0a25\u0a47 \u0a26\u0a47\u0a16\u0a4b\u0964DELHI MAY 20, 2021: The Central Government, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the severe Covid-19 pandemic, has, on consideration of representations received from various stakeholders,decided\u00a0 to\u00a0 extend timelines for […]<\/p>\n","protected":false},"author":10,"featured_media":36113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[159,14594,109,122],"tags":[26131,26132],"class_list":["post-51594","post","type-post","status-publish","format-standard","has-post-thumbnail","category-delhi","category-finance","category-national","category-news","tag-government-extends-certain-timelines","tag-light-of-severe-pandemic"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t