Dear Reader,
We are hereby sharing a quick update of the extension of various due dates for compliances in India with respect to Income Tax, GST and ROC:
Income Tax:
The Income Tax Authorities have further extended the timelines of various due dates. The extended due dates are tabulated in the below table for your easy reference:
| Particulars |
Earlier Due Date |
Newly Extended Due Date |
| Filing of income tax return for financial year ended 31st March 2021 by those assessees who are not liable to get their books of accounts audited. |
30.09.2021 |
31.12.2021 |
| Filing of income tax return for financial year ended 31st March 2021 by those assessees who are required to get their books of accounts audited (other than Transfer Pricing audit). |
30.11.2021 |
15.02.2022 |
| Filing of income tax return for financial year ended 31st March 2021 by those assessees who are liable for Transfer Pricing audit. |
31.12.2021 |
28.02.2022 |
| Furnishing of tax audit report in Form 3CA-3CD. |
31.10.2021 |
15.01.2022 |
| Furnishing of transfer pricing audit report in Form 3CEB. |
30.11.2021 |
31.01.2022 |
| Furnishing of Belated / Revised return for the financial year ended 31st March 2021. |
31.01.2022 |
31.03.2022 |
| Filing of application for obtaining re-registration of Trusts, Section 8 Companies and other institutions. |
31.08.2021 |
31.03.2022 |
| Filing of application for obtaining final registration of Trusts, Section 8 Companies and other institutions. |
Any date upto 28.02.2022 |
31.03.2022 |
| Furnishing of Equalization Levy Statement for the year ended 31.03.2021. |
31.08.2021 |
31.12.2021 |
In addition to above, there are some additional extensions which are as under:
- The due date for completion of penalty proceedings which was supposed to be completed by 30th September, 2021 has been extended to 31st March, 2022.
- Time limit for linking of PAN with Aadhar has been further extended to 31st March, 2022.
GST:
- The Government, had provided relief to the taxpayers by reducing / waiving late fee for non-furnishing of GST returns viz. FORM GSTR-3B for the tax periods from July, 2017 to April, 2021, if the returns for these tax periods are furnished between 01.06.2021 to 31.08.2021. The last date to avail benefit of the late fee amnesty scheme, has now been extended from existing 31.08.2021 to 30.11.2021.
- The filing of GST returns in FORM GSTR-3B and FORM GSTR-1/ Invoice Furnishing Facility by companies using Electronic Verification Code (EVC) instead of Digital Signature Certificate (DSC) was enabled for the period from 27.04.2021 to 31.08.2021. The same has been further extended to 31st October, 2021.
ROC:
- The Ministry of Corporate Affairs has directed the offices of Registrar of Companies of all the jurisdictions to release an order for granting extension of 2 months to all the companies for holding their Annual General Meeting for the financial year 2020-21. The last day for convening the annual general meeting for financial year 2020-21 is now 30th November 2021 subject to the compliance of maximum gap up to 15 months from the last AGM.
We hope you find this information useful.
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Disclaimer:
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The above note is only for update and information subject to further study and clarifications.
This note does not form an opinion from our end and before taking any decision based on above, it is recommended to consult our experts on the subject.
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Kamdar, Desai & Patel will not be liable for any damages (including, without limitation, damages for loss of business projects, or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this article, or any of its contents, or from any action taken (or refrained from being taken) as a result of using this article or any such contents.
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