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Government Extends Date For Filing Tax Forms On Foreign Payments

Authorities has prolonged deadline for submission of Kind CA and Kind CB until August 15

Giving additional leisure for handbook submitting of types 15 CA and 15 CB associated to overseas remittances, the Central Board of Direct Taxes (CBDT) on Tuesday prolonged the deadline for the aim until August 15, 2021. It has been achieved retaining in thoughts the issues being confronted by taxpayers in utilizing the brand new e-filing portal whereas importing the types.

Earlier the division had prolonged the deadline until July 15, nevertheless as taxpayers proceed to face issues with the portal, the extension until August 15, 2021 has been granted, a press release by CBDT mentioned.

“Authorised sellers are suggested to simply accept such types until  August 15, 2021 for the aim of overseas remittances. A facility will likely be offered on the brand new e-filing portal to add these types at a later date for the aim of technology of the Doc Identification Quantity (DIN),” mentioned the assertion.

In keeping with provisions of the Revenue Tax Act, 1961, Kind 15CA and 15CB are to be filed electronically. Taxpayers add the Kind 15CA together with the chartered accountant certificates in Kind 15CB, wherever relevant, on the e-filing portal, earlier than submitting the copy to the authorised supplier for any overseas remittances.

Nevertheless ever for the reason that new e-filing portal was launched on June 7, 2021, taxpayers throughout the nation have been going through issues whereas submitting their returns in addition to importing related paperwork. 

The Finance Ministry has taken up the matter with Infosys, the corporate which is managing the portal, and requested it to rectify the issues on the earliest.

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