2021 has started and a new e-calendar for the year 2021 has been released by the income tax department. The schedule lists all the significant deadlines relevant to taxation. The income tax department, planned as the ‘Honouring the honest’ calendar, says in a statement sent to the taxpayers, “Welcome to a new era in which the tax regime is becoming streamlined, faceless and hassle-free. Every taxpayer is a nation builder. “This is a calendar to render your tax journey smoother and clearer. Here are all the significant dates that you need to remember in 2021 from the viewpoint of income tax:
January:
- January 10: Extended due date for AY 2020-21 ITR filing for non-audit taxpayers.
- January 15: Date of filing of different audit records under the Income-tax Act
- January 15: Deposited TCS Quarterly Statement for the quarter ended 31 December 2020
- January 30: Quarterly certificate of the TCS with regard to tax collected for the quarter ended December 2020.
- January 31: The final date for rendering declaration under Vivad Se Vishwas Scheme
- January 31: Deposited TDS quarterly statements for the quarter ended 31 December 2020
February:
- February 15: Extended due date for AY 2020-21 ITR filing for taxpayers who need an audit
- February 15: Quarterly TDS (other than salary) certificate for the month ended on 31 December 2020.
March:
- March 15: The fourth instalment of the AY 2021-22 advance tax.
- March 31: Last deadline for late or updated tax return filing for the AY 2020-21.
- March 31: TDS/TCS Quarterly Reports Submitted For Q1 & Q2 FY 2020-21.
- March 31: Last date for payment without additional tax under the Vivad Se Vishwas Scheme
- March 31: Deadline to link your Aadhaar with PAN
May:
- May 15: TCS Quarterly Statement registered for the quarter March 31, 2021
- May 31: TDS Quarterly Statement registered for the quarter March 31, 2021
- May 31: Due date for the issuance of the financial transaction statement u/s 285BA in relation to FY 2020-21.
June:
- June 15: For AY 2022-23, first installment of advance tax
- June 15: TDS Certificate-Form 16 to employees with regard to salary paid for AY 2021-22.
- June 15: Quarterly TDS (other than salary) certificate for the quarter March 31, 2021
July:
- July 15: TCS Quarterly Statement filed for the quarter 30 June 2021
- July 30: TCS quarterly certificate for the quarter 30 June 2021
- July 31: TDS Quarterly Statement filed for the quarter 30 June 2021
- July 31: For all filers other than (a) corporate taxpayer or (b) non-corporate assessee who is responsible for auditing his accounts or (c) assessee who has joined an international or listed domestic transaction, last date for AY 2021-22.
August:
- August 15: Quarterly TDS (other than salary) certificate for the quarter June 30, 2021
September:
- September 15: For AY 2022-23, the second instalment of advance tax
- September 30: In the case of an assessee who has not joined into a foreign or specified domestic transaction, the last date of the audit report for AY 2021-22.
October:
- October 15: TCS Quarterly Statement filed for the quarter 30 September 2021.
- October 30: TCS quarterly certificate for the quarter 30 September 2021
- October 31: TDS Quarterly Statement filed for the quarter 30 September 2021
- October 31: ITR for AY 2021-22 for taxpayers who are (a) corporate assessees (not having an international or defined domestic transaction) or (b) non-corporate assessees whose reports are needed to be scrutinised.
- October 31: Audit report for AY 2021-22 in relation to a taxpayer having a foreign or domestic transaction listed.
November:
- November 15: Quarterly TDS (other than salary) certificate for the quarter September 30, 2021.
- November 30: In relation to the taxpayer having an overseas or defined domestic transaction, last date of ITR for AY 2021-22.
December:
- December 15: 3rd advance tax instalment for AY 2022-23
Remember that on Wednesday, the Central Board of Direct Taxes (CBDT) renewed by 10 days the due date for providing Income Tax Returns (ITR) for the Assessment Year 2020-21 (AY21) for the income received in the 2019-20 fiscal year. The new time period for filing an AY21 income tax return has been changed from 31 December 2020 to 10 January 2021. The last furnishing deadline for ITR has been extended this year for the third time with this. The time limit, which usually comes on 31 July each year, was first delayed to 31 November, then 31 December, and then extended until 10 January for those under ITR-1, ITR-4. Forms ITR-1 and ITR-4 mainly concern salaried persons, including household revenue.
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