Tax Updates you should note down right away! - INVI Tips for Small and Medium Scale Businesses

Blog

 

Income Tax Due Dates Extensions:

1. Income Tax extends ITR Filing Due dates for FY 2020-21 (AY 2021-22) Details: As per Circular No. 9 of 2021, Dated 20th May 2021 extended due dates are as follows:-

1. Income tax returns for non-audit cases- FY 2020-21-  30th September 2021 (earlier:  31st July 2021)

2. Tax Audit report- FY 2020-21- 31st  October 2021(earlier 30th September 2021)

3. Income tax returns for audit/ company cases-  FY 2020-21- 30th November 2021(earlier  31st  October 2021)

4. Belated/ Revised income tax return- FY 2020-21-  31st December 2021 (earlier 31st January 2022)

5. TDS Returns Q 4th- Jan to March-  31st May 2021 (earlier  31st May 2021)

6. Statement of Financial Transactions- 2020-21- 30th June 2021- (earlier 31 May 2021)

7. Form 16 w.r.t TDS Salary returns- FY 2020-21- 15 July 2021-  (earlier 15th June 2021)

For further details please read the full Circular_____(attached herewith)

GST Due Dates Extension

Your upcoming GST Due Dates are as under:

For Turnover upto INR 1.50 Cr.

GSTR-1: Quarterly: for April to June Quarter: 13th July 2021
GSTR-1: Monthly: for the month of April 2021: 26th May 2021
IFF: for the month of April 2021 28th May 2021

For Turnover more than INR 1.50 Cr (or monthly regime)


GSTR-1 Monthly for monthly April 2021: 26th May 2021

Further Details are as under:

for circulars and notification on gst please visit: https://www.cbic.gov.in/htdocs-cbec/customs/covid-19/covid-19-measures-GST