Income Tax Return Filing Deadline: CBDT Extends Due Date of Various ITR e-filing Forms

Income Tax Return Filing Deadline: CBDT Extends Due Date of Various ITR e-filing Forms

What comes as a big relief to taxpayers in India, the Finance Ministry had announced that it would be extending the deadlines for e-filings of various income tax returns (ITR) forms that come under the ambit of the Income-Tax Act, 1961. This comes after taxpayers had reported difficulties in the filing of these forms online. The government had previously extended the deadlines for filing income tax returns (ITR) earlier this year so as to give taxpayers some form of relief amidst the ongoing pandemic. In July, the deadline for filing ITR was extended till September 30, for FY21. Even the year preceding that, the government had given several extensions on the grounds of Covid-19 relief. The recent extensions come on the back of several taxpayers taking to social media to express the issues that they faced trying to file the e-forms on the official Income Tax portal. In early June, the Income Tax Department had rolled out a new tax e-filing portal to streamline the online application process. It had several features such as pre-filled ITR forms and quick refunds; however, it also came with several glitches and technical issues. One of the major issues so far has been the lags on the portal as well as some of the reports being full of errors. Since August 21, the portal was said to be inaccessible by the IT Department. In light of this, Finance Minister Nirmala Sitharaman got involved. Sitharaman met Salil Parekh, the managing director and CEO of Infosys, regarding the issues, on August 23. As the repairs and updates were being planned out, the government had to allow the manual filing of remittance forms as well as extend the due dates for e-filing of forms related to intimation of pension funds and sovereign wealth funds.

In the official statement issued by the Central Board of Direct Taxes (CBDT), the authority said, “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, read with Income Tax Rules, 1962 (Rules), the Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such forms.” The entity had also issued a tweet from its official Twitter handle that intimated taxpayers of the same.

Here are the details regarding the extension of due dates for the E-filing of digital forms as given by the CBDT in the circular: (These details will also be available on the official Income Tax government website.)

1) 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, as extended to 31st August, 2021 vide Circular No. 12 of 2021 dated 25.06.2021, may be filed on or before 31st March, 2022;

2) 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 may be filed on or before 31st March, 2022;

3) The Equalization Levy Statement in Form No.1 for the Financial Year 2020- 21, which was required to be filed on or before 30th June, 2021, as extended to 31st August, 2021 vide Circular No. 15 of 2021 dated 03.08.2021, may be filed on or before 31st December, 2021;

4) Quarterly statement in Form No. 15CC to be furnished by 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 37BB of the Rules, as extended to 31st August, 2021 vide Circular No.15 of 2021 dated 03.08.2021, may be furnished on or before 30th November, 2021;

5) The Quarterly statement in Form No. 15CC to be furnished by authorized dealer in respect of remittances made for the quarter ending on 30th September, 2021, required to be furnished on or before 15th October, 2021 under Rule 37BB of the Rules, may be furnished on or before 31st December, 2021;

6) Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th June, 2021, which was originally required to be uploaded on or before 15th July, 2021, and subsequently by 31st August, 2021, as per Circular No.12 of 2021 dated 25.06.2021, may be uploaded on or before 30th November, 2021;

7) Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th September, 2021, which is required to be uploaded on or before 15th October, 2021, may be uploaded on or before 31st December, 2021;

8) Intimation to be made by Sovereign Wealth Fund in respect of investments made by it in India in Form II SWF for the quarter ending on 30th June, 2021, required to be made on or before 31st July, 2021 as per Circular No.15 of 2020 dated 22.07.2020, as extended to 30th September, 2021 vide Circular No.15 of 2021 dated 03.08.2021, may be made on or before 30th November, 2021;

9) Intimation to be made by Sovereign Wealth Fund in respect of investments made by it in India in Form II SWF for the quarter ending on 30th September, 2021, required to be made on or before 31st October, 2021 as per Circular No.15 of 2020 dated 22.07.2020, may be made on or before 31st December, 2021;

10) Intimation to be made by a Pension Fund in respect of each investment made by it in India in Form No. 10BBB for the quarter ending on 30th June, 2021, required to be made on or before 31st July, 2021 under Rule 2DB of the Rules, as extended to 30th September, 2021 vide Circular No. 15 of 2021 dated 03.08.2021, may be made on or before 30th November, 2021;

11) Intimation to be made by a Pension Fund in respect of each investment made by it in India in Form No. 10BBB for the quarter ending on 30th September, 2021, required to be made on or before 31st October, 2021 under Rule 2DB of the Rules, may be made on or before 31st December, 2021;

12) Intimation by a constituent entity, resident in India, of an international group, the parent entity of which is not resident in India, for the purposes of sub-section (1) of section 286 of the Act, in Form No.3CEAC, required to be made on or before 30th November, 2021 under Rule 10DB of the Rules, may be made on or before 31st December, 2021;

13) Report by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the purposes of sub-section (2) or sub-section (4) of section 286 of the Act, in Form No. 3CEAD, required to be furnished on or before 30th November, 2021 under Rule 10DB of the Rules, may be furnished on or before 31st December, 2021;

14) Intimation on behalf of an international group for the purposes of the proviso to sub-section (4) of section 286 of the Act in Form No. 3CEAE, required to be made on or before 30th November, 2021 under Rule 10DB of the Rules, may be made on or before 31st December, 2021.

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Author: Sham