Uploaded on Aug 30, 2021
The Income Tax Department on Sunday extended the deadline for various compliances, including filing of statement for equalisation levy and remittances. The deadline for filing the Equalisation Levy statement in Form-1 for the Financial Year 2020-21 has been extended till December 31, against the original due date of June 30.
Govt Extends Deadline for Various Tax Compliances
Govt Extends Deadline for Various Tax Compliances
The Income Tax Department on Sunday extended the deadline for various compliances,
including filing of statement for equalisation levy and remittances.
The deadline for filing the Equalisation Levy statement in Form-1 for the Financial Year 2020-
21 has been extended till December 31, against the original due date of June 30.
The quarterly statement in Form 15CC to be furnished by authorised dealers in respect of
remittances made for June and September quarter, can now be filed by November 30 and
December 31 respectively. The original due date for filing this statement was July 15 and
October 15 respectively.
In a statement, the Central Board of Direct Taxes (CBDT) said on consideration of difficulties
reported by the taxpayers and other stakeholders in electronic filing of certain forms it has
been decided to further extend the due dates for e-filing of these forms.
In a separate statement, the CBDT announced extending the deadline for making payments
under the direct tax dispute resolution scheme Vivad Se Vishwas (VsV) by a month till
September 30. However, taxpayers have the option to make payments till October 31, with
an additional amount of interest.
Also, the due dates for electronic filing of forms related to intimation by pension funds and
sovereign wealth funds too have been extended.
Intimation to be made by Pension Fund and sovereign wealth fund in respect of investment
made in India for the June and September quarter, which is required to be furnished by July
31 and October 31, would now have to be furnished by November 30 and December 31
respectively.
The CBDT also extended the due date for uploading of declarations received in Form
15G/15Hfor the June and September quarter till November 30 and December 31 respectively.
The original due dates were July 15 and October 15 respectively.
The deadlines are being extended as glitches marred the functioning of new income tax portal
'www.Incometax.Gov.In', launched on June 7.
The Finance Ministry had last week "summoned" Infosys CEO Salil Parekh to explain why
issues continued to plague the portal developed by the software major.
Finance Minister Nirmala Sitharaman, in the meeting with Parekh on August 23, expressed
"deep disappointment" over persisting glitches for more than two months after portal launch
and gave him time till September 15 to resolve all issues.
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