I-T department extends deadline for various tax compliances

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The income tax department on Tuesday extended the deadline for various compliances, including the filing of statements related to equalisation levy and remittances. The deadline for filing the equalisation levy statement in Form-1 for the FY2020-21 has been extended till August 31. The earlier due date was June 30.

The quarterly statement in Form 15CC to be furnished by authorised dealers in respect of remittances made for the April-June quarter can now be filed by August 31. The original due date for filing this statement was July 15.

In a statement, the Central Board of Direct Taxes (CBDT) said that on consideration of the difficulties reported by the taxpayers and other stakeholders in the electronic filing of certain forms, it has been decided to further extend the due dates for electronic filing of these forms.

The CBDT has also decided to extend the due dates for electronic filing of forms related to intimation by pension funds and sovereign wealth funds.

Intimation to be made by the pension fund and sovereign wealth fund in respect of investment made in India for the June quarter, which is required to be furnished by July 31, can now be furnished by September 30.