REVISED DATE FOR VARIOUS INCOME TAX COMPLIANCES AS NOTIFIED BY CBDT**

REVISED DATE FOR VARIOUS INCOME TAX COMPLIANCES AS NOTIFIED BY CBDT**

 

Sr. No.	Compliances	Extended Date	Original Date
1.	Filing of Belated/Revised ITR for Financial Year 2019-2020 (Assessment Year 2020-2021)	On or Before 31st May 2021	On or Before 31st March 2021
2.	Payment of TDS i.    Sale of Immovable Property where consideration is more than Rs. 50 Lakhs-(TDS 1%/0.75%) Form 26QB1 ii.  TDS on Rent paid by Individual/ HUFs (Non Audit Cases) in excess of Rs. 50000/- monthly rent –    (TDS 5% / 3.75%) Form 26QC2 iii. TDS on Contract work/ Commission/ Fee for Professional Services by Individuals / HUF – (TDS 5% / 3.75%) Form 26QD3	On or Before 31st May 2021	On or Before 30th April 2021
3.	Statement of Financial Transactions – SFT -Form 61	On or Before 31st May 2021	On or Before 30th April 2021
4.	Filing of ITR in response to Notice for assessment/reassessment U/s 148	within time limit given in notice or   31st May 2021 Whichever is later	within time limit given in notice On or After 01st April 2021
5.	Appeal to CIT (Appeal) where last date to file appeal falls  on or after 01st April 2021	within time limit given in the section or   31st May 2021 Whichever is later	within time limit given in the section on or after 01st April 2021
6.	Objection to Dispute Resolution Panel U/s 144C ) where last date to file appeal falls  on or after 01st April 2021	within time limit given in the section or   31st May 2021 Whichever is later	within time limit given in the section on or after 01st April 2021

**Source : CBDT Circular 08/2021 dated 30^th April 2021

¹ TDS is applicable on sale of immoveable property wherein the sale consideration of the property exceeds or is equal to ₹ 50,00,000 (Rupees Fifty Lakhs) U/s 194IA of Income Tax Act. 1% ( 0.75% for FY 2020-2021) TDS is to be deducted by the purchaser of the property at the time of making payment of sale consideration.

²  All individuals or HUFs (except those liable to audit under clause a and b of section 44AB) paying monthly rent to a resident in excess of ₹ 50,000 (Rupees Fifty Thousands) are liable to deduct TDS under section 194-IB. 5% ( 3.75% for FY 2020-2021) TDS is to be deducted by the Tenant at the time of making rent.

³ All individuals or HUFs (except those liable to audit under clause a and b of section 44AB) making payment to a resident Contractors and Professional in excess of ₹ 50,00,000 (Rupees Fifty Lakhs) are liable to deduct TDS under section 194M. 5% ( 3.75% for FY 2020-2021) TDS is to be deducted at the time of making payment to Contractor / professional.

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