In the wake of the second Covid-19, the Income Tax Department has stretched the deadlines for various Income Tax compliance and provided relief also in certain cases.
Here is the list of the income tax compliances (updates) Here we have provided complete notifications related to the Income Tax and TDS provisions as per the official government laws. We include all the latest updates in Income Tax and TDS, news, amendments, and circulars as on the government portal for your reference. Read more you must follow before July 31, 2021
Tax Deduction Statement for the Last Quarter of the FY 2020-2021
The statement of deduction of the tax for the last quarter of this year 2020-2021, which was previously required to be furnished before June 30, 2021 through circular bearing number 9 of 2021 may be furnished before July 15, 2021
Form 16 Tax Deducted at Source Certificate
The certificate of TDS from 16 A new format for Form 16 has been notified by the CBDT (Central Board of Direct Taxes) which is the ‘salary TDS certificate. Read more that was required to be submitted till July 15 through Circular bearing number 9 of 2021 has been extended to or before July 31, 2021.
Form No. 64C Statement of Income credited
The last date for the statement of income credited by an investment fund entity to the unit holder in Form 64C which was required to be furnished before July 15, 2021 through circular bearing number 9 of 2021 has to be furnished before July 31, 2021.
Form No. 64D Statement of Income that is Credited
The last date for the statement of income credited by an investment fund entity to the unit holder in Form 64D which was required to be furnished before June 30, 2021 through circular bearing number 9 of 2021 has to be furnished before July 15, 2021.
Form 1 Equalisation Levy Statement
The Equalisation Levy Statement Know about the Equalisation levy introduced in the union budget 2016-17. We mention its features, applicability, and deductions under this levy. Read more in Form Number 1 for the Year 2021 that was required to be filed before June 30 2021 can now be furnished July 30, 2021.
Form 15 CC Quarterly Statement
The Quarterly Statement in Form Number 15 CC in respect of remittances (for the quarter ending June 30, 2021) which was required to be furnished by an authorised dealer before July 15, 2021 now can be furnished on or before July 31, 2021.
Annual Statement as per sub-section (5) of section 9A of the Act
Annual statement that is required to be furnished under subsection (5) of section 9 A of the Act by the eligible investment fund entity in Form Number 3CEK which was required to be filed on or before June 29, 2021 may now be furnished on or before July 31 2021.
Withdrawing Pending Application
The option of withdrawing a pending application that has been filed before the Income Tax Settlement Commission via Form Number 34BB which was required to be exercised before June 27, 2021, can now be exercised before July 31, 2021.