The Income Tax Department has recently extended the period of tax relief to taxpayers during the second wave of Covid-19. Due to the devastating Covid-19 epidemic across the country that affects the lives of our people, and as a result of requests received by taxpayers, tax coordinators and other stakeholders have extended various deadlines.

CBDT vide Circular 09/2021 dated 20^th May, 2021 have made various extensions of the deadlines and provide some relief to taxpayers due to Covid-19 Pandemic.

Sl. No.	Compliances relating to	Period Covered	Applicable Rule/ Section	Original Date	Extended Date
1.	Statement of Financial Transactions	2020-21	114E	31st May 2021	30th June 2021
2.	Statement of reportable account	Calendar year 2020	114G	31st May 2021	30th June 2021
3.	TDS returns	Jan to March 2021	31A	31st May 2021	30th June 2021
4.	Form 16 wrt Tds salary returns	2020-21	31	15th June 2021	15th July 2021
5.	TDS/TCS book adjustment Form 24G	May 2021	30 & 37CA	15th June 2021	30th June 2021
6.	Tax Deduction statement by trustees of approved superannuation fund	2020-21	33	31st May 2021	30th June 2021
7.	Statement of Income paid or credited by investment fund in Form 64D	2020-21	12CB	15th June 2021	30th June 2021
8.	Statement of Income paid or credited by investment fund in Form 64C	2020-21	12CB	30th June 2021	15th July 2021
9.	Income tax returns for non-audit cases	2020-21	Section 139(1)	31st July 2021	30th September 2021
10.	Audit report	2020-21	Income Tax Act	30th September 2021	31st October 2021
11.	Audit report for international transaction or specified domestic transaction	2020-21	Section 92E	31st October 2021	30th November 2021
12.	Income tax returns for audit/ company cases	2020-21	Section 139(1)	31st October 2021	30th November 2021
13.	Income tax returns (Transfer Pricing)	2020-21	Section 139(1)	30th November 2021	31st December 2021
14.	Belated/ Revised income tax returns	2020-21	Section 139(4) 139(5)	31st December 2021	31st January 2022

CBDT have extended various dates so as to enable the stakeholders to complete the compliance on time without any late penalties, interest and additional fees.

Circular 09/2021 explained below

1) The Statement of Financial Transactions (SFT) for the Financial Year 2020­21, required to be furnished on or before 31^st May 2021 under Rule 114E of the Income-tax Rules, 1962 may be furnished on or before 30^th June 2021;

2) The Statement of Reportable Account for the calendar year 2020, required to be furnished on or before 31^st May 2021 under Rule 114G may be furnished on or before 30^th June 2021;

3) TDS Return for Q4 of the Financial Year 2020-21, required to be furnished on or before 31^st May 2021 may be furnished on or before 30^th June 2021;

4) Form No 16 with respect to TDS on Salary, required to be furnished to the employee by 15^th June 2021 may be furnished on or before 15^th July 2021;

5) The TDS/TCS Book Adjustment Statement in Form No 24G for the month of May 2021, required to be furnished on or before 15^th June 2021 may be furnished on or before 30^th June 2021;

6) TDS Statement paid by the trustees of an approved superannuation fund for the Financial Year 2020-21, required to be sent on or before 31^st May 2021 may be sent on or before 30^th June 2021;

7) 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 15^th June 2021 may be furnished on or before 30 June 2021;

8) 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 30^th June 2021 may be furnished on or before 15^th July 2021;

9) Income Tax Returns for Non-Audit Cases which is 31^st July 2021 is extended to 30^th September 2021;

10) Audit Report under any provision of the Act for the Previous Year 2020-21, which is 30^th September 2021, is extended to 31^st October 2021;

11) Audit report for international transaction or specified domestic transaction under section 92E of the Act for the Previous Year 2020-21, which is 31^st October 2021, is extended to 30^th November 2021;

12) Income tax returns for audit/ company cases which is 31^st October 2021 is extended to 30^th November 2021;

13) Income Tax Returns for Transfer Pricing for the Assessment Year 2021-22, which is 30^th November 2021 under sub-section (1) of section 139 of the Act, is extended to 31^st December 2021;

14) The due date of furnishing of belated/revised Return of Income for the Assessment Year 2021-22, which is 31^st December 2021 is extended to 31^st January 2022.

Read about which ITR should you file.

For any queries or requirements contact

CS Arpit Garg
Practicing Company Secretary & Founder – Compliance Arena
8447773833