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of <h1>CBDT Extends Deadlines for Tax Compliance: New Dates for SFT, Form 16, and ITR Filing Due to Pandemic.</h1> The Central Board of Direct Taxes has extended deadlines for various tax-related compliances due to the pandemic. The deadlines for furnishing the Statement of Financial Transactions, Reportable Account, and Deduction of Tax for the fiscal year 2020-21 have been extended to June 30, 2021. The deadline for furnishing Form No. 16 has been extended to July 15, 2021. The due dates for filing income tax returns and audit reports for the assessment year 2021-22 have been extended to dates ranging from September 2021 to January 2022. Certain clarifications regarding tax payments exceeding one lakh rupees are also provided.
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