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
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