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Central: For Filling Tax Forms On Foreign Payment Date Is Extends Till AUG15,2021

By Ruchi Upadhyay 
Updated Date

CBDT(Central Board of Direct Taxes) has extended the deadline for submission of Forms 15 CA, 15 CB related to foreign Settlement, till August 15, 2021.

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Giving further relaxation for taxpayer for manual filing of forms 15 CA and 15 CB related to foreign remittances, the Central Board of Direct Taxes (CBDT) on Tuesday extended the deadline for the purpose till August 15, 2021. It has been done keeping in mind the problems being faced by taxpayers in using the new e-filing portal while uploading the forms.

Stated by CBDT,Earlier the department had extended the deadline till July 15, however as taxpayers continue to face problems with the portal, the extension till August 15, 2021 has been granted.

Said the statement, “Authorised dealers are advised to accept such forms till August 15, 2021 for the purpose of foreign remittances. A facility will be provided on the new e-filing portal to upload these forms at a later date for the purpose of generation of the Document Identification Number (DIN)”.

According to provisions of the Income Tax Act, 1961, Form 15CA and 15CB are to be filed electronically. Taxpayers upload the Form 15CA along with the chartered accountant certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorised dealer for any foreign remittances.

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Taxpayers over the country have been facing problems while submitting their returns as well as uploading relevant documents because of the new e-filing portal was launched on June 7, 2021. So the Ministry Of Finance has taken the issue to solve the problem with infosys(company which is managing the portal) to rectify it as soon as possible.

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