Considering the challenges faced due to the ongoing pandemic, as well as many parts of the country facing partial lockdown, the Finance Minister of India has provided relief to the business and professional fraternity by once again extending the various due dates for compliances.

The revised due dates for filing a Return of Income, including the various certificates/forms, filing of Tax Audit Reports, and Transfer Pricing Reports vide Press Release dated 30 December 2020, are mentioned below:

Particulars

Due Date as per Press Release dated
29 October 2020

Extended Due Date as per Press Release dated
30 December 2020

Filing of Tax Audit Report

31 December 2020

15 January 2021

Filing of Transfer Pricing Report in Form 3CEB

31 December 2020

15 January 2021

Filing of Return of Income where Tax Audit is applicable, and in the case of companies 

31 January 2021

15 February 2021

Filing of Return of Income where Transfer Pricing is applicable

31 January 2021

15 February 2021

Filing of Return of Income where Tax Audit or Transfer Pricing is not applicable

31 December 2020

10 January 2021

Payment of Self-Assessment Tax where liability is up to INR 100,000
â?9(~USD 1,333) and Tax Audit or Transfer Pricing is applicable

31 January 2021

15 February 2021

Payment of Self-Assessment Tax in all other cases

31 December 2020

10 January 2020

Filing of Master File in Form 3CEAA & Safe Harbor in Form 3CEFA

31 January 2021

15 February 2021

Designation for Master File in Form 3CEAB

-

16 January 2021

Filing of certificates in Form 10CCB, 10DA, 29B, 56F, etc.

31 December 2020

10 January 2020

GST Annual Return

-

28 February 2021

 

Our Comments

The extension in deadlines will provide a much-needed breather to taxpayers amidst these challenging times. This relief is a positive step by the government that keeps the needs of the public in mind.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.