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    <title>Income Tax (CBDT) Due Date Extended beyond May, 2021</title>
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    <description>CBDT issued a circular extending multiple income tax compliance deadlines-including SFT and rule 114G statements, quarterly TDS filings and Form 16 issuance, TDS/TCS book adjustments, superannuation and investment fund statements, ITR filing for non audit assessees, audit report filings, and international transaction reporting-to later dates in view of the pandemic and a new IT portal launch. Clarifications state that certain extensions do not alter interest consequences where net tax liability exceeds a specified threshold, and that tax paid by certain resident individuals under the advance tax provision within the original due date will be treated as advance tax.</description>
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    <pubDate>Mon, 24 May 2021 11:30:42 +0530</pubDate>
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      <title>Income Tax (CBDT) Due Date Extended beyond May, 2021</title>
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      <description>CBDT issued a circular extending multiple income tax compliance deadlines-including SFT and rule 114G statements, quarterly TDS filings and Form 16 issuance, TDS/TCS book adjustments, superannuation and investment fund statements, ITR filing for non audit assessees, audit report filings, and international transaction reporting-to later dates in view of the pandemic and a new IT portal launch. Clarifications state that certain extensions do not alter interest consequences where net tax liability exceeds a specified threshold, and that tax paid by certain resident individuals under the advance tax provision within the original due date will be treated as advance tax.</description>
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