News

Extension of time lines related to compliances by the Taxpayers under the Income-tax Act 1961

Income tax vide Circular No. 09/2021 dated 20th May, 2021 has notified extension of various timelines under the Income-tax Act, 1961.

  • The due date of furnishing of Return of Income for AY 2021-22, which is 31st July 2021 under Section 139(1) of the Act, is extended to 30th September 2021.
  • The due date of furnishing of Audit Report under the Act for PY 2020-21, which is 30th September 2021, is extended to 31st October 2021
  • The due date of furnishing Report from an Accountant by persons entering into international transaction or specified domestic transaction under section 92E of the Act for PY 2020-21, which is 31st October 2021 is extended to 30th November 2021
  • The due date of furnishing of Return of Income for AY 2021-22, which is 31st October 2021 under Section 139(1) of the Act, is extended to 30th November 2021
  • The due date of furnishing of Return of Income for AY 2021-22, which is 30th November 2021 under section 139(1) of the Act, is extended to 31st December 2021
  • The due date of furnishing of belated/revised Return of Income for AY 2021-22, which is 31st December 2021 under section 139(4) and section 139(5) of the Act, is extended to 31st January 2022.
  • Payment of tax deducted under Section 194-IA, Section 194-IB and Section 194M of the Income-tax Act, 1961 and filing of challan-cum-statement for such tax deducted, which are required to be paid and furnished by 31st May, 2021 under Rule 30 of the Income-tax Rules,

1962 should be paid and furnished on or before 30th June, 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, may be furnished on or before 15th July 2021

https://incometaxindia.gov.in/communications/circular/circular_9_2021.pdf