The government has extended various deadlines under the Income Tax Act, including the filing of tax returns and furnishing of statements, among other things, on account of the COVID-19 pandemic.
The extensions apply to the following statements/forms/returns:
- statement of financial transactions for the financial year (FY) 2020-21: from 31 May 2021 to 30 June 2021;
- statement of reportable accounts for 2020: from 31 May 2021 to 30 June 2021;
- statement of deduction of tax for the last quarter of FY 2020-21: from 31 May 2021 to 30 June 2021;
- certificate of tax deducted at source (Form No. 16): from 15 June 2021 to 15 July 2021;
- TDS/TCS book adjustment statement (Form No. 24G) for May 2021: from 15 June 2021 to 30 June 2021;
- statement of deduction of tax from contributions paid by trustees of an approved superannuation fund for FY 2020-21: from 31 May to 30 June 2021;
- statement of income paid or credited (Form No. 64D) by an investment fund to its unit holder for the previous year (PY) 2020-21: from 15 June 2021 to 30 June 2021;
- statement of income paid or credited (Form No. 64C) by an investment fund to its unit holder for PY 2020-21: from 30 June 2021 to 15 July 2021;
- income tax return for the assessment year (AY) 2021-22:
- due on 31 July 2021: 30 September 2021;
- due on 31 October 2021: 30 November 2021; and
- due on 30 November 2021: 31 December 2021;
- belated/revised income tax return for AY 2021-22 due on 31 December 2021: 31 January 2022;
- report of audit for PY 2020-21: from 30 September 2021 to 31 October 2021; and
- report from an accountant for persons entering international transactions or specified domestic transactions for PY 2020-21: from 31 October 2021 to 30 November 2021.