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Extension of Timeliness under Income-tax Act, 1961

May 21, 2021

Central Board of Direct Taxes (‘CBDT’) vide Circular No 9 of 2021 dated May 20, 2021 has in light of severe pandemic extended certain timelines under the Income-tax Act, 1961 (please refer table below)

Clarification 1: It is clarified that the extension of the dates as referred to in clauses (9), (12) and (13) above shall not apply to Explanation 1 to section 234A of the Income-tax Act, 1961, in cases where the amount of tax on the total income as reduced by the amount as specified in clauses (i) to (vi) of sub-section (1) of that section exceeds one lakh rupees.

Clarification 2: For the purpose of Clarification 1, in case of an individual resident in India referred to in sub-section (2) of section 207 of the the Income-tax Act, 1961, the tax paid by him under section 140A of the Income-tax Act, 1961 within the due date (without extension under this Circular) provided in that Act, shall be deemed to be the advance tax.