Cbdt Extends Due Dates For Efiling Of Various Forms

By Author: Sumit Biswas
Total Articles: 24
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There has been a massive upgrade and relaxation for taxpayers as the CBDT has extended the due dates of several forms for electronic filing. In other words, the Indian government has given taxpayers a huge break when it comes to complying with the Income Tax Act of 1961. In this post, we'll take a closer look at CBDT's newest upgrade.

Forms that must be filed electronically have their due dates extended by the CBDT.

With the objective of enhancing user experience and functionality, the Department of Income Tax announced the introduction of a new income tax website on June 7, 2021. However, a few days after its launch, it began to have a lot of issues.

Accordingly, the Central Board of Direct Taxes (CBDT) has extended the deadlines for electronically filing certain documents under the Income-tax Act of 1961 (ITA).

Extending the deadlines for submitting certain forms

According to a CBDT notification dated August 3, 2021, the deadline for filing the forms has been extended.

On or before 31 st August, 2021, authorised dealers must provide a quarterly statement ...
... in Form No. 15CC in respect of remittances made for the quarter ending on 30th June, 2021.

As a result of Circular No.12 of 2021 dated 25.06.2021, the Equalization Levy Statement in Form No.1 for the Financial Year 2020-21, which was due on or before 30th June, 2021, may now be filed on or before 31st August, 2021

A similar statement of income paid or credited by an investment fund to its unit holder for the previous year 2020-21 is required to be furnished on or before the 15th of June, 2021 under Rule 12CB of the Rules, but may be furnished on or before 15th September,2021 via Circular No.12 of 2021 dated 25.06.2021

Additional clarification by CBDT

The CBDT decided to extend the deadlines to file certain forms electronically because they are not possible to be filed electronically due to the non-availability utility. The form is listed below.

A Pension Fund must give an indication to the Indian Government regarding each of its investments in India. Form No. 10BBB for the quarter ending 30 June 2021, must be provided by a Pension Fund on or before 31 Ju1Y.2021 under Rule 2DB.

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