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TMI BlogExtension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemicX X X X Extracts X X X X X X X X Extracts X X X X ..... n of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic The Central Board of Direct Taxes, in exercise of its power under section 119 of the Income-tax Act, 1961 (hereinafter referred to as the Act ) provides relaxation in respect of the following compliances: 1) The Statement of Financial Transactions (SFT) for the Financial Year 2020 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... June 2021 under Rule 31 of the Rules , may be furnished on or before 15th July 2021; 5) The TDS/TCS Book Adjustment Statement in Form No 24G for the month of May 2021 , required to be furnished on or before 15th June 2021 under Rule 30 and Rule 37CA of the Rules , may be furnished on or before 30th June 2021 ; 6) The Statement of Deduction of Tax from contributions ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hing of Return of Income for the Assessment Year 2021-22 , which is 31st July 2021 under sub-section (1) of section 139 of the Act, is extended to 30th September 2021; 10) The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which is 30th September 2021, is extended to 31st October 2021; 11) The due date of furnishing Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sub-section (4)/sub-section (5) of section 139 of the Act, is extended to 31st January 2022. Clarification 1: It is clarified that the extension of the dates as referred to in clauses (9), (12) and (13) above shall not apply to Explanation 1 to section 234A of the Act, in cases where the amount of tax on the total income as reduced by the amount as specified in clauses (i) to (vi) of s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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