Deadline for various tax compliances, direct tax resolution scheme extended

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The Central Board of Direct Taxes on Sunday extended the deadline for various compliances, including filing of statement for equalisation levy and remittances. 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, the CBDT has decided to further extend the due dates for electronic filing of such Forms, the official notification from the finance ministry said. Here are the details:

1. The deadline to file the Equalisation Levy statement in Form-1 for the FY21 has been extended to December 31 from June 30 earlier.

2. 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.

3. Due dates for e-filing of intimation forms by pension funds and sovereign wealth funds have also 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 notification said.

4. The due date for uploading of declarations received in Form 15G/15Hfor the June and September quarter has been extended till November 30 and December 31 respectively. The previous deadlines were July 15 and October 15 respectively.

5. The application for registration or intimation or approval under Section 10(23C), 12A, 35(1)(ii)/(iia)/(iii) or 80G of the Act in Form No. 10A required to be filed on or before 30th June, 2021, has been extended to 31st March, 2022 from 31st August, 2021.

6. The application for registration or approval under Section 10(23C), 12A or 80G of the Act in Form No.10AB, for which the last date for filing falls on or before 28th February, 2022 can now be filed on or before 31st March, 2022.

7. Further, the deadline for making payments under the direct tax dispute resolution scheme Vivad Se Vishwas (VsV) by a month till September 30, the CBDT said in a separate notification.