Govt. extends deadline for online filing of Forms under Income Tax Act

Ashish M. Shaji

10 Sep, 2022

The Ministry of Finance recently extended deadline for online filing of forms that fall under the Income Tax Act 1961. This decision was made considering the difficulties taxpayers reported in filing forms online. Please note that the deadline for filing of ITR online was earlier extended to 30^th September of this year but now CBDT has extended the ITR filing deadline to 31st December 2021. Let’s look at other forms and its extended due date of filing.

Statement of Finance Ministry on extension of deadline for online filing of forms

The finance ministry released a statement stating that on consideration of difficulties reported by the taxpayers as well as other stakeholders in filing certain forms online under Income Tax Act provisions read with Income Tax Rules, 1962, CBDT has extended the deadline for online filing of forms.

List of forms and its extended deadline

Below we have enumerated the list of forms and their extended due dates.

• The application for registration/intimation/approval under section 10 (23C), 12A, 35(1) (ii) (iia) (iii) or 80G of the Act in Form 10A to be filed on or prior to June 30, 2021, extended to August 31, 2021, vide circular 12/2021, can now be filed on or before March 31, 2022.
•  The application for registration/ approval under section 10 (23C), 12A, or 80G of the Income Tax Act in Form 10AB^[1], for which the last date of filing comes on or before February 28, 2022, can now be filed on or before March 31, 2022.
• The equalization levy statement in the Form 1 for the Financial Year 2020-21 required to be filed on or prior to June 30, 2021, extended to August 31, 2021, vide circular 15/2021, can now be filed on or before December 31, 2021.
• The quarterly statement in Form 15CC to be furnished by the authorized dealer relating to remittances made for quarter ending on June 30, 2021, to be furnished on or before July 15, 2021, under Rule 37BB of the Rules, extended to August 31, 2021, vide circular 15/2021, can now be furnished on or before November 30, 2021.
• The quarterly statement in Form 15CC to be furnished by the authorized dealer relating to remittances made for quarter ending on September 30, 2021, to be furnished on or before October 15, 2021, under Rule 37BB of the Rules, can now be furnished on or before December 31, 2021.
• Uploading declarations received from the recipients in Form 15G/15H during quarter ending June 30, 2021, to be uploaded on or prior to July 15, 2021, and thereafter by August 31, 2021, can now be uploaded on or before November 30, 2021.
• Uploading declarations received from the recipients in Form 15G/15H during quarter ending September 30, 2021, to be uploaded on or before October 15, 2021, can now be uploaded on or before December 31, 2021.
• Intimation to be made by the sovereign wealth fund relating to investments it made in India in Form II SWF for quarter ending on June 30, 2021, to be made on or before July 31, 2021, extended to September 30, 2021, vide circular 15/2021, can now be made on or before November 30, 2021.
• Intimation to be made by the sovereign wealth fund relating to investments it made in India in Form II SWF for quarter ending on September 30, 2021, to be made on or before October 31, 2021, vide circular 15/2020, can now be made on or before December 31, 2021
• Intimation to be made by pension fund relating to investments made by it in India in Form 10BBB for the quarter ending on June 30, 2021, to be made on or before July 31, 2021, under the Rule 2DB of the Rules, extended to September 30, 2021, vide circular 15/2021, can now be made on or before November 30, 2021.
•  Intimation to be made by pension fund relating to investments made by it in India in Form 10BBB for the quarter ending on September 30, 2021, to be made on or before October 31, 2021 under the Rule 2DB of the Rules, can be made on or before December 31, 2021.
• Intimation by constituent entity, resident in India, of an international group, the parent entity of which is not resident in India, for sub-section (1) of Section 286 of the Income Tax Act, in Form 3CEAC, to be made on or before November 30, 2021 under Rule 10DB of the Rules, can be made on or before December 31, 2021.
• Report by a parent entity or by an alternate reporting entity or any other constituent entity, resident in India, for sub-section (2) or sub-section (4) of Section 286 of the Income Tax Act 1961, in Form 3CEAD, to be furnished on or before November 30, 2021 under Rule 10DB of the Rules, can be furnished on or before December 31, 2021.
•  Intimation on behalf of international group for the purpose of proviso to sub-section (4) of Section 286 of the Income Tax Act in Form 3CEAE, to be made on or before November 30, 2021, under Rule 10DB of Rules, can be made on or before December 31, 2021.

Conclusion

The extension in deadline of online filing of forms under the Act was made considering the difficulties taxpayers reported in filing forms online. The extension in due dates was notified on 29^th August 2021. The Central Board of Direct Taxes made these extensions.

Read our article:Know this if you are a first-time ITR Filer