CBDT Notification for extension of due date for filing TDS/TCS Return, ITR and TAR form
Summary of Notification:
(1) Furnishing of TDS Statement of 3rd Qtr. of 2020-21(which is otherwise due on 31.1.2021) is extended to 31.3.2021.
(2) Furnishing of TCS Statement of 3rd Qtr. of 2020-21(which is otherwise due on 15.1.2021) is extended to 31.3.2021.
(3) Completion of Audit under any provision of Income Tax Act, 1961 for FY 2019-20 relevant for AY 2020-21is extended to 14.1.2021.
(4) Furnishing of report of Audit under any provision of the Income Tax Act, 1961for FY 2019-20 relevant for AY 2020-21(including TAR of 44AB, Trust Form 10B, Trust Form 10 for set apart etc.) is extended to 15.1.2021.
(5) Furnishing of return if income for AY 2020-21 by Companies, Audit cases under any provision of Income Tax Act, Audit cases under any law for the time being in force, Partner of a firm whose accounts are required to be audited under the Income Tax Act, Partner of a firm whose accounts are required to be audited under any other law for the te being in force, cases where section 92E applies) is extended to 15.2.2021.
(6) All assessees who were required to furnish return of income for AY 2020-21 on or before 31.7.2020, i.e. non audit returns, is extended to 10.1.2021.
Note: If a return due on or before 10.1.2021 is not furnished by 10.1.2021, late fee shall be charged under section 234F as follows:
(a) if total income does not exceed Rs. 5 lakh – Rs. 1000/-
(b) if total income exceed Rs. 5 lakh – Rs. 10000/-
NOTIFICATION
New Delhi, the 31st December, 2020
S.O. 4805(E).—In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (38 of 2020) (hereinafter referred to the Act) and in supersession of the notification of the Government of India in the Ministry of Finance, (Department of Revenue) No. 88/2020 dated the 29th October, 2020, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), vide number S.O. 3906(E), dated the 29th October, 2020, except as respects things done or omitted to be done before such supersession, the Central Government hereby specifies, for the completion or compliance of action referred to in-
(A) clause (a) of sub-section (1) of section 3 of the Act, –
(i) the 30th day of March, 2021 shall be the end date of the period during which the time limit specified in, or prescribed or notified under, the specified Act falls for the completion or compliance of such action as specified under the said sub-section; and
(ii) the 31st day of March, 2021 shall be the end date to which the time limit for completion or compliance of such action shall stand extended:
Provided that where the specified Act is the Direct Tax Vivad Se Vishwas Act, 2020 (3 of 2020), the provision of this clause shall have the effect as if—
(a) for the figures, letters and words “30th day of March, 2021”, the figures, letters and words “30th day of January, 2021” had been substituted; and
(b) for the figures, letters and words “31st day of March, 2021”, the figures, letters and words “31st day of January, 2021” had been substituted:
Provided further that where the specified Act is the Income-tax Act, 1961 (43 of 1961) and completion or compliance of action referred to in clause (a) of sub-section (1) of section 3 of the Act is an order under sub-section (3) of section 92CA of the Income-tax Act, 1961, the provision of this clause shall have the effect as if—
(a) for the figures, letters and words “30th day of March, 2021”, the figures, letters and words “30th day of January, 2021” had been substituted; and
(b) for the figures, letters and words “31st day of March, 2021”, the figures, letters and words “31st day of January, 2021” had been substituted;
(B) clause (b) of sub-section (1) of section 3 of the Act, where the specified Act is the Income-tax Act, 1961 (43 of 1961) and the compliance for the assessment year commencing on the 1st day of April, 2020 relates to –
(i) furnishing of return under section 139 thereof, the time limit for furnishing of such return, shall –
(a) in respect of the assessees referred to in clauses (a) and (aa) of Explanation 2 to sub-section (1) of the said section 139, stand extended to the 15th day of February 2021; and
(b) in respect of other assessees, stand extended to the 10th day of January, 2021: Provided that the provisions of the fourth proviso to sub-section (1) of section 3 of the Act shall, mutatis mutandis apply to these extensions of due date, as they apply to the date referred to in sub-clause (b) of clause (i) of the third proviso thereof;
(ii) furnishing of report of audit under any provision of that Act, the time limit for furnishing of such report of audit shall stand extended to the 15th day of January, 2021.
2. This notification shall come into force from the date of its publication in the Official Gazette.
[Notification No. 93/2020/F. No. 370142/35/2020-TPL]
VIPUL AGARWAL, Director (Tax Policy and Legislation Division)
Tags: Income Tax
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