CBDT vide Circular Number 12/2021 and Press Release dated 25th June 2021 has extended certain timelines for doing compliances under Income Tax. It has also given some Tax benefits to Taxpayers in wake of expenses made for COVID Treatment and Compensation received by Persons who have died due to COVID. In this article, we have mentioned all the due dates in Tabular format and given a summary of the benefits given in Tabular Form.
Income Tax Due Date Extension summary Chart for various compliances
| Sl. | Nature of Extension | Provisions of IT Act 1961 | Original Due Date | Extended Due Date |
| 1 | Filing TDS Statement | Rule 31A of the Income-tax Rules, 1962 | 31.05.2021 | 15.07.2021 |
| 2 | Issuing Certificate of Tax Deducted at Source in Form No.16 | Rule 31 of the Income-tax Rules, 1962 | 15.06.2021 | 31.07.2021 |
| 3 | Making application in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc., | Section 10 (23C), 12AB, 35 (1) (ii) /(iia) / (iii) and 80G of the Act | 30.06.2021 | 31.07.2021 |
| 4 | 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 | Rule 37 BB of the Income-tax Rules, 1962 | 30.06.2021 | 31.07.2021 |
| 5 | The Equalization Levy Statement in Form No. 1 for the Financial Year 2020-21 | 30.06.2021 | 31.07.2021 | |
| 6 | Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th June, 2021 | Form No. 15G/15H | 15.07.2021 | 31.08.2021 |
| 7 | Objections to Dispute Resolution Panel (DRP) and Assessing Officer under section 144C of the Income-tax Act, 1961 | Section 144C | 01.06.2021 | 31.08.2021 |
| 8 | Exercising of option to withdraw pending application (filed before the erstwhile Income Tax Settlement Commission) in Form No. 34BB | Section 245M (1) of the Act | 27.06.2021 | 31.07.2021 |
Income Tax Due Date Extension summary Chart
Income Tax Due Date Extension summary Chart
Income Tax Due Date Extension summary Chart for Relief to Taxpayers
| Sl. | Nature of Extension | Provisions of IT Act 1961 | Original Due Date | Extended Due Date |
| 1 | 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 | Rule 12CB of the Income-tax Rules, 1962 | 15.06.2021 | 15.07.2021 |
| 2 | 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 | Rule 12CB of the Income-tax Rules, 1962 | 30.06.2021 | 31.07.2021 |
| 3 | The compliances to be made by the taxpayers such as investment, deposit, payment, acquisition, purchase, construction or such other action, by whatever name called, for the purpose of claiming any exemption under the provisions contained in Section 54 to 54GB of the Act | Section 54 to 54GB of the Act | Between 01.04.2021 to 29.09.2021 | 30.09.2021 |
| 4 | The Annual Statement required to be furnished by the eligible investment fund in Form No. 3CEK for the Financial Year 2020-21 | Section 9A (5) of the Act | 29.06.2021 | 31.07.2021 |
| 5 | Last date of linkage of Aadhaar with PAN | Section 139AA of the Act | 30.06.2021 | 30.09.2021 |
| 6 | Last date of payment of amount under Vivad se Vishwas (without additional amount) | 30.06.2021 | 31.08.2021 | |
| 7 | Last date of payment of amount under Vivad se Vishwas (with additional amount) | 31.08.2021 | ||
| 8 | Time Limit for passing assessment order | 30.06.2021 | 30.09.2021 | |
| 9 | Time Limit for passing penalty order | 30.06.2021 | 30.09.2021 | |
| 10 | Time Limit for processing Equalisation Levy returns | 30.06.2021 | 30.09.2021 |
Various Charts showing Income Tax Extension Summary
Income Tax Due Date Extension summary Chart
Income Tax Due Date Extension summary Chart
Income Tax Due Date Extension summary Chart
Income Tax Due Date Extension summary Chart
Income Tax Due Date Extension summary Chart
Income Tax Due Date Extension summary Chart
Income Tax Due Date Extension summary Chart
Income Tax Due Date Extension summary Chart
Tax exemption
I. Many taxpayers have received financial help from their employers and well-wishers for meeting their expenses incurred for treatment of Covid-19. In order to ensure that no income tax liability arises on this account, it has been decided to provide an income-tax exemption to the amount received by a taxpayer for medical treatment from employer or from any person for treatment of Covid-19 during FY 2019-20 and subsequent years.
II. Unfortunately, certain taxpayers have lost their life due to Covid-19. Employers and well-wishers of such taxpayers had extended financial assistance to their family members so that they could cope with the difficulties arisen due to the sudden loss of the earning member of their family. In order to provide relief to the family members of such taxpayer, it has been decided to provide income-tax exemption to ex-gratia payment received by family members of a person from the employer of such person or from other person on the death of the person on account of Covid-19 during FY 2019-20 and subsequent years. The exemption shall be allowed without any limit for the amount received from the employer and the exemption shall be limited to Rs. 10 lakh in aggregate for the amount received from any other persons.
Necessary legislative amendments for the above decisions shall be proposed in due course of time.
Income Tax Due Date Extension summary Chart