In this edition, learn about key legislative updates including:

  • Income Tax Return due date extended

    • In view of increasing COVID-19 and to reduce hardship on companies and individual assesses, government has extended the below income taxrelated due dates.

    The below due dates are extended:

    • The Statement of Deduction of Tax for the last quarter of the Financial Year i.e. Q4 (Jan to Mar 2021) TDS return for FY 2020-21 is extended to 30 June 2021 (earlier the due date was 31 May 2021)
    • The Certificate of Tax Deducted at Source i.e. Form No 16 to the employee: The due date has been extended to 15 July 2021 (earlier the due date was 15 June 2021)
    • The due date of furnishing of Return of Income for the Assessment Year 2021-22 u/s 139(1) i.e. ITR filing for individuals and HUF has been extended to 30 September 2021 (earlier due date was 31 July 2021)
    • The due date of furnishing of Report of Audit for FY 2020-21 has been extended to 31 October 2021 (earlier the due date was 30 September 2021).
    • The due date of furnishing of Return of Income for the Assessment Year 2021-22 i.e. ITR filing for companies have been extended to 30 November 2021 (earlier due date was 31 October 2021)
    • The due date of furnishing for Belated or revised Return of Income for the Assessment Year 2021-22 u/s 139 (4) and (5) has been extended to 31 January 2022 (earlier due date was 31 December 2021).

    Click here to read the official notification.

The newsletter also covers some other topics: 

  • Implementation of Section 142 of Social Security Schemes
  • Mandatory AADHAAR verification for PF deposit
  • Update of correct IFSC with Member UAN
  • Benefit announced to the family of the deceased due to COVID-19
  • EPFO allows PF advance withdrawal
  • Amendment in Employee State Insurance (ESIC) Scheme