In the wake of the second wave of the COVID-19 pandemic, the Government has extended deadlines for various income tax compliances. The government with the objective to ease the compliance burden of taxpayers provided certain reliefs and extensions.
Here is the Quick Checklist of Income Tax Tasks you need to finish before before 31 July, 2021:
The Statement of Deduction of Tax for the last quarter of the Financial Year 2020-21, required to be furnished on or before 31st May 2021 under Rule 31A of the Income-tax Rules,1962, as extended to 30th June 2021 vide Circular No.9 of 2021, maybe furnished on or before 15th July 2021.
The Certificate of Tax Deducted at Source in Form No.16, required to be furnished to the employee by 15th June 2021 under Rule 31 of the Rules, as extended to 15th July 2021 vide Circular No.9 of 2021, maybe furnished on or before 31st July 2021.
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 12C of the Rules, as extended to 30th June 2021 vide Circular No.9 of 2021, maybe furnished on or before 15th July 2021.
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 12C of the Rules, as extended to 15th July 2021 vide Circular No.9 of 2021, maybe furnished on or before 31st July 2021.
The Quarterly Statement in Form No. 15CC to be furnished by an 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 37 BB of the Rules, may be furnished on or before 31st July 2021.
The Equalization Levy Statement in Form No. 1 for the Financial Year 2020-21, which is required to be filed on or before 30th June 2021, maybe furnished on or before 31st July 2021.
The Annual Statement required to be furnished under sub-section (5) of section 9A of the Act by the eligible investment fund in Form No. 3CEK for the Financial Year 2020-21, which is required to be filed on or before 29th June 2021, may be furnished on or before 31st July 2021.
Exercising of option to withdraw pending application (filed before the erstwhile Income Tax Settlement Commission) under sub-section (1) of Section 245M of the Act in Form No. 34BB, which is required to be exercised on or before 27th June 2021, maybe exercised on or before 31st July, 2021.
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