Due to the pandemic COVID-19 and revamping of the Income Tax Portal to a newer portal, the Government has extended the due dates of various compliances of Income Tax. All the due dates of compliances related to Income Tax in the month of July, 2021 are as follows:
Compliances of Income Tax, July 2021
| Period | Form to be submitted | Particulars | Due Date |
|---|---|---|---|
| June 2021 | Challan No. ITNS-281 | Payment of TDS/TCS deducted /collected in June 2021. | 07.07.2021 |
| April to June 2021 | Deposit of TDS | Due date for deposit of TDS for the period April 2021 to June 2021 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H | 07.07.2021 |
| May 2021 | TDS Certificate | Due date for issue of TDS Certificate for tax deducted under Section 194IA in the month of May, 2021 | 15.07.2021 |
| May 2021 | TDS Certificate | Due date for issue of TDS Certificate for tax deducted under Section 194IB in the month of May, 2021 | 15.07.2021 |
| May 2021 | TDS Certificate | Due date for issue of TDS Certificate for tax deducted under Section 194M in the month of May, 2021 | 14.07.2021 |
| April to June 2021 | Form 15CC | Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending June, 2021 | 15.07.2021 |
| April to June 2021 | Statement of TCS | Quarterly statement of TCS deposited for the quarter ending 30 June, 2021 | 15.07.2021 |
| FY 2020-21 | Certificate of TDS | Certificate of tax deducted at source to employees in respect of salary paid and tax deducted during Financial Year 2020-21 | 15.07.2021 (As extended) |
| April to June 2021 | Form 15G/15H | Upload the declarations received from recipients in Form No. 15G/15H during the quarter ending June, 2021 | 15.07.2021 |
| June 2021 | Form No. 3BB | Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of June, 2021 | 15.07.2021 |
| FY 2020-21 | Form No. 64C | Statement to be furnished (in Form No. 64C) by Alternative Investment Fund (AIF) to units holders in respect of income distributed during the previous year 2020-21 | 30.07.2021 (As extended) |
| June 2021 | TDS Challan-cum-statement | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194 IB, 194M | 30.07.2021 |
| April to June 2021 | Quarterly TCS Certificate | Quarterly TCS certificate in respect of tax collected by any person for the quarter ending June 30, 2021 | 30.07.2021 |
| April to June 2021 | Quarterly TDS Statement | Quarterly statement of TDS deposited for the quarter ending June 30, 2021 | 31.07.2021 |
| FY 2020-21 | ITR filing | ITR filing for non audit cases and who have not entered into any international or specified domestic transaction | 31.07.2021(Extended to 30.09.2021) |
| April to June 2021 | Non-TDS Return by banking company | Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending June 30, 2021 | 31.07.2021 |
| FY 2020-21 | Form no. 67 | Due date for claiming foreign tax credit, upload statement of foreign income offered for tax for the previous year 2020-21 and of foreign tax deducted or paid on such income in Form no. 67. | 31.07.2021 |
Also Read: Due Dates For Compliances In June, 2021
Other Important Updates
Key Highlights –
Due Returns The deadline for receiving Form 16 has been extended to July 31, 2021. The deadline for linking PAN with Aadhaar has been extended to September 30, 2021. The ITR filing deadline for FY 2020-21 has been extended to September 30, 2021 from usual deadline of July 31, 2021.
National Faceless Assessment Centre, Delhi, directed to designate the web portal www.incometax.gov.in as the “designated portal” for the purpose of Faceless Assessment in terms of Explanation (i) to section144B(I) of the Income-tax Act.
Also Read: TDS On Cash Withdrawal From Bank In A Financial Year
Compliance Check for Section 206AB & 206CCA.
The Central Board of Direct Taxes (‘CBDT’), in exercise of powers conferred under section 138 (1) (a) (i) of Income-tax Act, 1961, hereby directs that Director General of Income-tax (Systems), New Delhi shall be the specified income-tax authority for furnishing information to the ‘Tax Deductor / Tax Collector’, having registered in the reporting portal of the Project Insight through valid TAN, to identify the ‘Specified Persons’ for the purposes of section 206AB and 206CCA of the Act through the functionality “Compliance Check for Section 206AB &; 206CCA”.
Also Read: Which Section Is Applicable – Section 194Q Or Section 206C(1H)?
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