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Direct Tax Alert

Extension of time lines under Income Tax Act, 1961 and Vivad se Vishwas Act, 2020

August 31, 2021
  • The Central Board of Direct Taxes (“CBDT”) vide Income Tax Circular No. 16 of 2021, dated 29th August, 2021, has further extended due dates for electronic filing of various Forms under the Income Tax Act, 1961 read with the Income Tax Rules, 1962 (“Rules”), considering the difficulties reported in electronic filings of certain Forms.
 

Application for Registration / Re-registration or Intimation or Approval of Trust

S. No.   Particulars     Types of Assessees   Form No.   Original Due Date   1st Extended Due Date Revised Due Date  
1 Filing application under Section 10(23C), 12A, 35(1)(ii)/(iia)/(iii) or 80G Trust already registered in the previous law 10A 30th June 2021 31st August 2021 31st March 2022
2 Filing application under Section 10(23C), 12A, or 80G Trust not registered in the previous law 10AB 28th Feb 2022 NA 31st March 2022

Equalization Levy Statement for the FY 2020-21

S. No.   Particulars     Form No.     Original Due Date   1st Extended Due Date Revised Due Date  
3 Filing of Equalization Levy Statement for the FY 2020-21 1 30th June 2021 31st August 2021 31st December 2021

Quarterly Statement for Foreign Remittances

S. No.   Particulars     For the Quarter Ending   Form No.   Original Due Date   1st Extended Due Date Revised Due Date  
4 Furnishing of Quarterly Statement by Authorized dealer in respect of remittances made outside India 30th June 2021 15CC 15th July 2021 31st August 2021 30th November 2021
30th September 2021 15th October 2021 NA 31st December 2021

Uploading of the Declarations in Form 15G / 15H

S. No.   Particulars     For the Quarter Ending   Form No.   Original Due Date   1st Extended Due Date Revised Due Date  
5 Uploading of declaration received from recipients 30th June 2021 15G / 15H 15th July 2021 31st August 2021 30th November 2021
30th September 2021 15th October 2021 NA 31st December 2021

Intimation by Sovereign Wealth Fund and Pension Fund for Investments made in India

S. No. Particulars   For the Quarter Ending Form No. Original Due Date 1st Extended Due Date Revised Due Date
6 Intimation by Sovereign Wealth Fund 30th June 2021 II SWF 31st July 2021 30th September 2021 30th November 2021
30th September 2021 31st October 2021 NA 31st December 2021
7 Intimation by Pension Fund 30th June 2021 10BBB 31st July 2021 30th September 2021 30th November 2021
30th September 2021 31st October 2021 NA 31st December 2021

Reporting / Intimations in respect of an International Group

S. No. Particulars   Form No. Original Due Date 1st Extended Due Date Revised Due Date
8 Intimation by constituent entity, resident in India, of an international group, the parent entity of which is not resident in India [Section 286(1)] 3CEAC 30th November 2021 NA 31st December 2021
9 Report by parent entity or an alternate reporting entity or any other constituent entity, resident in India [Section 286(4)(2)] 3CEAD 30th November 2021 NA 31st December 2021
10 Intimation on behalf of an international group [Proviso to sub-section (4) of Section 286] 3CEAE 30th November 2021 NA 31st December 2021
  • The CBDT has further extended the due date under Section 3 of Vivad se Vishwas Act, 2020 via press release dated 29th August 2021 considering the difficulties being faced in issuing and amending Form No. 3, which is a prerequisite for making payment by the declarant under Vivad se Vishwas Act.
S. No. Particulars   Form No. Existing Due Date Revised Due Date
11 Payment of the amount (without any additional amount) 3 31st August 2021 30th September 2021
12 Payment of the amount (with additional amount) 31st October 2021 No change

Last updated: 31/08/2021

Article contributed by:

Nupur Vijay

MBG Corporate Services

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