The Central Board of Direct Taxes (CBDT) on 30th April 2021 has issued Circular No.08/2021, taking into consideration the difficulties faced by the taxpayers due to the second covid-19 wave.

Taxpayers can now file belated and revised returns under sections 139(4) and 139(5) for Assessment Year 2020-2021 (FY 2019-20) on or before 31st May 2021. The deadline for the same was previously expired on 31st March 2021. This extension can be relief for many taxpayers who haven’t filed their income tax returns or seeking revise their returns.

The Circular also extended time limits for following:

  • Appeal to Commissioner (Appeals) under Chapter XX of the Income-tax Act, 1961 for which the last date of filing under that Section is 1″ April 2021 or thereafter, may be filed within the time provided under that Section or by 31″ May 2021 , whichever is later;
  • Objections to Dispute Resolution Panel (DRP) under Section 144C of the Income-tax Act, 1961, for which the last date of filing under that Section is 1″ April 2021 or thereafter, may be filed within the time provided under that Section or by 31″ May 2021 , whichever is later;
  • Income-tax return in response to notice under Section 148 of the Income-tax Act, 1961, for which the last date of filing of return of income under the said notice is 1″ April 2021 or thereafter, may be filed within the time allowed under that notice or by 31″ May 2021, whichever is later;
  • Payment of tax deducted under Section 194-IA, Section 194-IB and Section 194M of the Income-tax Act, 1961 and filing of challan-cum-statement for such tax deducted, which are required to be paid and furnished by 30’h April 2021 under Rule 30 of the Income-tax Rules, 1962, may be paid and furnished on or before 31″ May 2021 ;
  • Statement in Form No. 61, containing particulars of declarations received in Form No.60, which is due to be furnished on or before 30’h April 2021 , may be furnished on or before 31″ May 2021.

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