The Board of Direct Taxes (Income Tax Department) vide circular No. 15/2021 dated 03.08.2021, in the exercise of its power under section 119 of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) has issued circular w.r.t. Extension of timelines for electronic filing of various Forms under the Income-tax Act, 1961 to provide relief to taxpayers in view of the severe pandemic and spike in Covid-19 cases and also announces tax exemption:
Extension Table
| Sl. | Nature of Extension | Provisions of IT Act 1961 | Due Date | Extended Due Date |
| 1 | The 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 |
Rule 37BB of the Rules | 15.07.2021 | 31.08.2021 |
| 2 | The Equalization Levy Statement in Form No.1 for the Financial Year
2020- 21, |
30.06.2021 | 31.08.2021 | |
| 3 | The Statement of Income paid or credited by an investment fund to its
unit holder in Form No. 640 for the Previous Year 2020-21 |
Rule 12CB of the Rules | 15.06.2021 | 31.09.2021 |
| 4 | 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 |
Rule 12CB of the Rules | 30.06.2021 | 30.09.2021 |
| 5 | 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 |
Rule 2DB of the Rules | 31.07.2021 | 30.09.2021 |
| 6 | 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 | 31.07.2021 | 30.09.2021 |
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- Clarifications by CBDT:
It is also clarified that the above said forms, e-filed, after the expiry of time limits provided as per Circular No.12 of 2021 dated 25.06.2021 or as per the relevant provisions, till date, will stand regularized accordingly.
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