www.carajput.com; Extension on the various due date

Extend Due Dates of completing various Income Tax Compliances: CAIT

Confederation of All India Traders (CAIT) has requested Smt Nirmala Sitharaman, Hon’ble Minister for Finance to Extend the due dates of completing various Income Tax compliances like depositing TDS and Filing TDS Returns, Issuing TDS Certificates, Furnishing From 24G, Form 61, uploading Form 15G/15H, etc.

We would like to draw your attention to compliance with the Income Tax Act in a month which is listed in the following table. All such compliance will result in an interest late fee if not complied within time.

In these hard times, in order to restrict the spread of Cov id-19 to their states, all the state governments are taking rigorous precautionary measures, such as lockdown, containment zones, etc., not being able to comply with these laws in due course.

The late compliance of trade part, however, should be permanently withdrawn until the situation in the country becomes common and interest must be reduced at the very least if it is not waived.

Similarly, Extension of the due dates for different GST returns in April-2021

Statutory dates in April 2021 for traders to file their various GST returns. In view of the sharp rise in COVID cases in many States, various rigorous precautionary measures, such as the night curfew, lockdowns, containment zones, etc.

have been taken by the respective State governments to limit the movement of people in their States to limit Covid 19 spread.

Many taxpayers are not able to compile and provide information for the production of their GST returns on or before the due date during these challenging and frustrating times so that delayed conformities to part of the trade are not intended,

The late payment must be permanently waived until such time as the scenario is normal in the nation and all subsequent due dates are demanded to be increased to the next 3 months.