Extension of time to submit income tax return forms and payment of balance of tax payables

Partnerships, Individuals, Associations, Deceased Persons Estate and Hindu Joint Families who carry on business are allowed to file their Income Tax Return Forms (“ITRFs”) on or before 30 September 2021.

Companies, Co-Operative Societies, Limited Liabilities Partnerships and Trust Bodies (“entities”) with accounting period ending 1 November 2020 to 31 January 2021 are given Extension of Time (“EOT”) of 3 months from the statutory filing deadline to file their ITRFs, and for the accounting period ending 1 February 2021 to 30 April 2021, the entities are given EOT of 2 months from the statutory filing deadline to file their year of assessment 2021 ITRFs to Inland Revenue Board.

Source: MIA

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