Revised Tax filing deadlines for FY 2020-21 for India

 

Revised Tax Due Dates for FY 2020-21

Revised Tax filing deadlines for FY 2020-21 for India

as on 20-May-2021

As a result of the aggravated second wave of Covid-19 cases in India with the start of 2021, the Government and Central Board of Direct Taxes (CBDT) have extended upfront the time limits for various tax compliances that need to be accomplished by Indian taxpayers for the financial year 2020-21 (i.e., Assessment year 2021-22).  Hopefully, this should grant some respite from the compliances to the taxpayer who is already striving to keep up with the business activity going.  A tabulated summary of the revised tax filing due dates for FY 2020-21 is hereby presented for ease of your reference:

 

Revised Tax filing deadlines for India for FY 2020-21 as on 20-May-21

Statement of Financial Transactions (SFT) &
Statement of Reportable Account (SRA)

30-Jun-21

TDS Return for Q4 of FY 2020-2021

30-Jun-21

TDS Certificates (Form No 16)

15-Jul-21

TDS/ TCS Book Adjustment Statement (Form No 24G)

30-Jun-21

Statement of Deduction of Tax (Superannuation Fund)

30-Jun-21

Statement of Income-Investment Fund (Form No 64D)

30-Jun-21

Statement of Income-Investment Fund (Form No 64C)

15-Jul-21

Tax Audit Reports

31-Oct-21

Transfer Pricing Report (Form 3CEB)

30-Nov-21

Income Tax Return Due dates:

 

 - ITR due by 31-July-21

30-Sep-21

 - ITR due by 31-Oct-21

30-Nov-21

 - ITR due by 30-Nov-21

31-Dec-21


We trust the article was helpful and useful in understanding the revised tax filing deadlines.  Feel free to reach us at info@gjmco.in or Schedule a Call to seek further clarifications or consultation specific to your business.

 

Thanks & Best regards,

Knowledge Base team

GJM & Co.

Chartered Accountants

www.gjmco.in

Outsource to Outperform

Accounting | Bookkeeping | Payroll | Taxation | Business Setup

USA | Canada | United Kingdom | Australia | India


Comments

Post a Comment

Popular posts from this blog

Significance of Financial Controller in your Business

Image
  Significance of Financial Controller in your Business We come across this terminology of “Financial Controller” many a times across business enterprises, however the average businessman doesn’t have a clear understanding of what financial controllers can do for their business and how can they a significant part in the success of their venture.   For anyone owning or managing a growing business and not having a financial controller, should read this article and understand how important it is to consider evaluating the need of one for their business. In this article, we shall explain the job of a financial controller, how they differentiate from CFOs, why are they needed, and when should a business be eligible to hire the services of one.   Job of a Controller: Accounting and Bookkeeping functions in every growing business typically benefit substantially when they are supervised and guided by an expert finance professional.   CPA/Chartered Accountants are such professionals w
Read more

Tax on Cryptocurrency gains – Unlocking the Mystery

Image
  Tax on Cryptocurrency gains – Unlocking the Mystery   The first Cryptocurrency – Bitcoin was introduced more than a decade ago in 2009 by the so-called father of bitcoin – Satoshi Nakamoto, and since then there has been a flux of cryptocurrencies getting introduced from time to time. Bitcoin and several other rival cryptocurrencies like Litecoin, Ethereum, Ripple, Dogecoin etc. have experienced path breaking growth in the recent years, leading to lot of complexities into the accounting of such currencies and their tax implications globally.   To any first-time reader here, Cryptocurrency is digital currency that uses encryption techniques, rather than a central bank, to generate, exchange, and transfer units of currency. Unlike cash transactions, no bank or government authority regulates these forms of currency or verifies the transfer of funds. Instead, these virtual transactions are recorded in a digitized public ledger called a “blockchain.” Individual units of the currency are
Read more

2020 – Know Your Budget!

2020 – Know Your Budget!! In the run up to the budget 2020, there were plenty of opinions flying around what this current Indian government should be doing this year to revive its stammering economy and reviving the sluggish demand and providing the much needed uplift.   Well with the various interim stimulus packages offered by the government in 2019 to boost the economy, it practically appears one should have expected less from this budget.   However, the Budget time is about vote bank politics as well, where all facets of a sovereign have to be appeased and brought on board.   While this is always the tendency of every government, this government appears to have bet against all odds and attempted to offer a “please all” budget which actually doesn’t result into satisfying all stakeholders in entirety.   While some might laud the government for its boldness others may deem it insensible in not playing as expected. The budget outcome played a winner for sectors/industries
Read more