CBDT has further extended the due dates for electronic filing of Statement of Equalization Levy in Form No. 1 for FY 2020-21 and other Forms vide Circular No. 15/2021 dated 03.08.2021. The original due date to file the statement in Form No. 1 for the FY 2020-21 was 30th June 2021 which was extended to 31st July 2021 vide Circular No. 12/2021 dated 25th June 2021.
However, no extension to the due date is given to furnish application to file re-registration or re-approval under section 12AB or section 80G or section 35 or section 10(23C) in Form No. 10A and the same is expiring on 31st August 2021.
Further, there is no extension of TDS/TCS statement furnishing the due date for quarter 4 of FY 2020-21 or quarter 1 of FY 2021-22.
The Circular of 3rd August states that on consideration of difficulties reported by taxpayers and other stakeholders in electronic filing of certain Forms under the Income Tax Act, 1961, CBDT has further extended the due dates for electronic filing of such Forms.
This extension in due dates of various compliances by CBDT is provided by exercising its power under section 119 of the Income-tax Act, 1961.
However, there are two things to be noted. One is that the extension is given on 3rd August 2021 after the expiry of 2 days from the last extended date of 31st July 2021.
Secondly, it is an open fact that due to the non-working of the new e-filing portal of the income-tax department, taxpayers were facing difficulty in filing the online forms, hence, the extension is inevitable.
Form No. 1 is related to the furnishing of the statement of equalisation levy was not operational on the new e-filing portal till 29th July 2021. It was made available only from that day onwards which was just two days prior to the expiry of the due date. Under these circumstances, the extension should have come well within the time before 31st July 2021 which otherwise becomes a cause of agony among the taxpayers.
It is further clarified that the above-said forms, e-filed, after the expiry of time limits provided as per Circular No.12 of 2021 dated 25.06.2021 or as per the relevant provisions, till date, will stand regularised accordingly.
Gist of Due Dates of Various Compliances extended on 3rd August, 2021 by CBDT Circular 12/2021
In this regard, a Press Release was also issued by the Board. The full text of the Press Release as well as Circular No. 12/2021 dated 03.08.2021 on the extension of due dates of various compliances is reproduced below.
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, 3rd August, 2021
PRESS RELEASE
CBDT extends due dates for electronic filing of various Forms under the Income-tax Act, 1961
On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 read with Income-tax Rules,1962 (Rules), Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such Forms vide Circular No.15/2021 dated 03.08.2021. The details are as under:
(i) The Quarterly statement in Form No. 15CC to be furnished by authorized dealer in respect of remittances made for the quarter ending on 30th June, 2021, required to be furnished on or before 15th July, 2021 under Rule 37BB of the Rules, as extended to 31st July, 2021 vide Circular No.12 of 2021 dated 25.06.2021, may be filed on or before 31st August, 2021;
(ii) The Equalization Levy Statement in Form No.1 for the Financial Year 2020- 21, which was required to be filed on or before 30th June, 2021, as extended to 31st July, 2021 vide Circular No.12 of 2021 dated 25.06.2021, may be filed on or before 31st August, 2021;
(iii) 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 15th June, 2021 under Rule 12CB of the Rules, as extended to 15th July, 2021 vide Circular No.12 of 2021 dated 25.06.2021, may be furnished on or before 15th September, 2021;
(iv) 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 30th June, 2021 under Rule 12CB of the Rules, as extended to 31st July, 2021 vide Circular No.12 of 2021 dated 25.06.2021, may be furnished on or before 30th September, 2021.
Further, considering the non-availability of the utility for e-filing of certain Forms, the CBDT has decided to extend the due dates for electronic filing of such Forms as under:
(v) Intimation to be made by a Pension Fund in respect of each investment made by it in India in Form No. 10BBB for the quarter ending on 30th June,2021, required to be furnished on or before 31st July,2021 under Rule 2DB of the Rules, may be furnished on or before 30th September, 2021;
(vi) Intimation to be made by Sovereign Wealth Fund in respect of investments made by it in India in Form II SWF for the quarter ending on 30th June, 2021, required to be furnished on or before 31st July, 2021 as per Circular No. 15 of 2020 dated 22.07.2020, may be furnished on or before 30th September, 2021.
CBDT Circular No. 15/2021 in F.No.225/49/2021/ITA-II dated 03.08.2021issued today, is available on www.incometaxindia.gov.in. It is also clarified vide the said Circular that the above forms, e-filed, after the expiry of time limits provided as per Circular No.12 of 2021 dated 25.06.2021 or as per the relevant provisions, till date of issuance of said Circular, will stand regularised accordingly.
(Surabhi Ahluwalia)
Commissioner of Income Tax
(Media & Technical Policy)
Official Spokesperson, CBDT
Download Copy of CBDT Circular No. 12/2021 dated 03.08.2021 on Extension of Due Dates of Various Compliances in pdf format
Download Copy of Press Release dated 03.08.2021 on Extension of Due Dates of Various Compliances in pdf format
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