24 May 2021
Extension in Due Date for various compliances under the Income-tax Act

In the wake of the pandemic that has engulfed the entire country, the Finance Minister has time and again extended various due dates for compliance, thereby providing much-needed relief to business and professional fraternity.
 
The due dates in view of the various extensions are enumerated herein below:
 
Particulars As per Act/earlier extended due date Revised due date
Filing of Statement of Financial Transaction 31 May 2021 30 June 2021
Filing of Statement of Reportable Account (FATCA) 31 May 2021 30 June 2021
4th Quarter TDS statement for F.Y. 2020-21 31 May 2021 30 June 2021
Issuing certificate in Form 16 15 June 2021 15 July 2021
Filing of the statement by trustees of the superannuation fund for tax deduction at source 31 May 2021 30 June 2021
Filing of statement by Investment Fund in Form 64D 15 June 2021 30 June 2021
Filing of statement by Investment Fund in Form 64C 30 June 2021 15 July 2021
Filing return of income for taxpayers other than:*
  1. who are required to obtain Tax Audit Report
  2. who are required to obtain Transfer Pricing Report in Form 3CEB
 31 July 2021 30 September 2021
Filing of Tax Audit Report 30 September 2021 31 October 2021
Filing of Transfer Pricing Report in Form 3CEB 31 October 2021 30 November 2021
Filing of return of income for taxpayers who are required to obtain Tax Audit Report* 31 October 2021 30 November 2021
Filing of return of income for taxpayers who are required to obtain a report in Form 3CEB* 30 November 2021 31 December 2021
Filing of revised return of income/ belated return of income for A.Y. 2021-22 31 December 2021 31 January 2022
Filing of certificates in Form 10CCB, 10DA, 29B, 56F, etc 31 October 2021 30 November 2021
Filing of Master File in Form No. 3CEAA – Part A and Part B (subject to fulfillment of the threshold limit) 30 November 2021 31 December 2021
Designation for Master File in Form No. 3CEAB 31 October 2021 1 December 2021
Filing of objections before DRP, which were due to be filed by 1 April 2021 or thereafter - 31 May 2021
Filing of Appeal before CIT(A), which was to be filed by 1 April 2021 or thereafter  - 31 May 2021
Filing of income tax return in response to the notice issued for re-assessment proceedings which were to be filed by 1 April 2021 or thereafter - 31 May 2021
Filing of belated or revised return for AY 2020-21 31 March 2021 31 May 2021
Payment of taxes withheld on purchase of immovable property/renting of immovable property by individual or HUF/other taxes withheld under specified circumstances by an individual or HUF 30 April 2021 31 May 2021
PAN-Aadhar Linking  31 March 2021 30 June 2021
Issuance of an order of assessment/re-assessment where the due date was extended up to 31 March 2021 30 April 2021 30 June 2021
Issuance of an order of assessment/re-assessment where the due date was 31 March 2021 31 March 2021 30 September 2021
Passing of Final Assessment Order pursuant to DRP Directions 30 April 2021 30 June 2021
Penalty orders where the same were due between 20 March 2021 to 29 June 2021 30 June 2021 30 June 2021
Issuance of a notice of re-assessment where the due date is extended up to 31 March 2021 - 30 June 2021
Issuance of a notice of re-assessment where the due date is 31 March 2021 - 30 September 2021
Issuance of an intimation pursuant to processing of Equalisation Levy Return 30 April 2021 30 June 2021
Payment of amount determined under the Vivad se Vishwas Scheme, without any additional levy 30 April 2021 30 June 2021
Filing of Form 61 for the details received for the period 1 October 2020 to 31 March 2021 30 April 2021 31 May 2021
 
*The due date for the purpose of payment of self-assessment tax has also been extended if the liability does not exceed INR 100,000 (~USD 1369). In all other cases, no extension has been granted.
Our Comments
The extension in deadlines will provide a much-needed breather to taxpayers amidst these challenging times. This relief is a positive step by the government that keeps the needs of the public in mind. Surprisingly, the due date for filing Form 49C, which is 30 May 2021, has not been covered in the recent extension circular dated 20 May 2021. We hope that the department comes out with a clarification soon.
Sudit K. Parekh & Co. LLP
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