INCOME TAX
Circular No 12 of 2021
F. NO.225/49/2021-ITA-II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, Dated 25th June, 2021
Subject:
Extension of time limits of certain compliances to provide relief to taxpayers
in view of the severe pandemic- reg.
On
consideration of genuine hardship being faced by the taxpayers in making
various compliances under the Income-tax Act. 1961 (hereinafter
referred to as "the Act") in view of severe pandemic, the Central
Board of Direct Taxes, in exercise of its power under Section 119 of
the Act, provides relaxation in respect of the following compliances as
under:
- Objections to Dispute Resolution Panel (DRP) and
Assessing Officer under section
144C of the Act, for which the last date of
filing under that section is 1st June, 2021 or thereafter,
may be filed within the time provided in that section or by 31st August,
2021, whichever is later.
- The Statement of Deduction of Tax 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 Income-tax Rules,1962 (hereinafter
referred to as “the Rules”), as extended to 30th June,
2021 vide Circular No.9 of 2021, may be furnished on or
before 15th July, 2021.
- The Certificate of Tax Deducted at Source in Form No.16, required to be furnished to
the employee by 15th June, 2021 under Rule 31 of
the Rules, as extended to 15th July, 2021 vide Circular
No.9 of 2021, may be furnished on or before 31st July,
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, required to be furnished
on or before 15th June, 2021 under Rule 12CB of
the Rules, as extended to 30th June, 2021 vide Circular
No.9 of 2021, may be furnished on or before 15th July,
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, required to be furnished
on or before 30th June, 2021 under Rule 12CB of
the Rules, as extended to 15th July, 2021 vide Circular
No.9 of 2021, may be furnished on or before 31st July,
2021.
- The application under Section 10(23C), 12AB, 35(1)(ii)/(iia)/(iii) and 80G of
the Act in Form No. 10A/ Form No.10AB, for
registration/ provisional registration/ intimation/ approval/ provisional
approval of Trusts/ Institutions/ Research Associations etc.,
required to be made on or before 30th June, 2021, may be
made on or before 31st August, 2021.
- The compliances to be made by the
taxpayers such as investment, deposit, payment, acquisition, purchase,
construction or such other action, by whatever name called, for the
purpose of claiming any exemption under the provisions contained
in Section 54 to 54GB of the Act, for
which the last date of such compliance falls between 1st April,
2021 to 29th September, 2021 (both days inclusive), may be
completed on or before 30th September, 2021.
- 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, required to be
furnished on or before 15th July, 2021 under Rule 37
BB of the Rules, may be furnished on or before 31st July,
2021.
- The Equalization Levy Statement in Form No. 1 for
the Financial Year 2020-21, which is required to be filed on
or before 30th June, 2021, may be furnished on or
before 31st July, 2021.
- The Annual Statement required to
be furnished under sub-section (5) of section 9A of the Act
by the eligible investment fund in Form No. 3CEK for
the Financial Year 2020-21, which is required to be filed on or before 29th June,
2021, may be furnished on or before 31st July,
2021.
- Uploading of the declarations received from recipients in Form No. 15G/15H during
the quarter ending 30th June, 2021, which is required
to be uploaded on or before 15th July, 2021, may be
uploaded by 31st August,2021.
- Exercising of option under sub-section
(1) of Section 245M of the Act in Form No. 34BB, which
is required to be exercised on or before 27th June, 2021,
may be exercised on or before 31st July, 2021.
(Prajna Paramita)
Director to the Government of India