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All you need to Know about Income Tax Compliance Relief Measures and Clarifications
May, 05th 2021

The Income Tax department, In order to provide relief to taxpayers amid the second wave of COVID-19 in the country, extended various Income Tax compliance deadlines, under the Income Tax Act 1961.

In the light of multiple representations received to mitigate the difficulties being faced by various stakeholders, the Central Board of Direct Taxes (CBDT) has  issued a Circular on Saturday, May 1, stating that under its powers under Section 119 of the Income-tax Act, 1961, the organisation has provided certain relaxations with respect to Income-Tax compliances by taxpayers.

1. Extension of the date for filing of the belated and revised ITR

The filing of the belated income tax return under sub-section (4) and revised return under sub-section (5) of Section 139 of the Income-tax Act,1961, for the assessment year 2020-21, which was required to be filed on or before March 31, 2021, can now be filed on or before May 31, 2021.

 

2. Extension in the last date for filing Appeal  to Commissioner (Appeals)

Appeal to Commissioner (Appeals) under Chapter XX of the Act, for which the last date of filing under that Section is 1st April, 2021 or thereafter, may be filed within the time provided under that Section or by 31st May, 2021, whichever is later.

3. Extension in the last date for filing objections to DRP

Objections to Dispute Resolution Panel (DRP) under Section 144C of the Act, for which the last date of filing under that Section is 1st April, 2021 or thereafter, may be filed within the time provided under that Section or by 31st May, 2021, whichever is later.

4. Extension in the last date for filing ITR in response to notice under Section 148

The income-tax return in response to notice under Section 148 of the Income-tax Act, 1961, for which the last date of filing of return of income was April 1, 2021, can be filed within the time allowed notice by May 31, 2021

5. Extension in the last date for Payment of tax deducted under Section 194-IA, Section 194-IB and Section 194M

The Payment of tax deducted under Section 194-IA, Section 194-IB and Section 194M of the Act, and filing of challan-cum-statement for such tax deducted, which are required to be paid and furnished by 30th April, 2021(respectively) under Rule 30 of the Income-tax Rules, 1962, may be paid and furnished on or before 31st May, 2021.

 

6. Extension of date for filing statement in Form number 61

The statement in Form number 61, containing the particulars of declarations received in Form number 60, which was required to be furnished by April 30, 2021, can now be furnished on or before May 31, 2021.

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