Centre extends tax-related compliance dates in view of Covid-19. Check details

The federal government stated that it has eased compliances to be made by the taxpayers and to mitigate the difficulties confronted by numerous stakeholders in these troublesome instances marked by the coronavirus illness (Covid-19) pandemic.

PUBLISHED ON MAY 01, 2021 02:11 PM IST

Timelines for sure compliances in view of the prevailing coronavirus illness (Covid-19) scenario have been prolonged after receiving requests from taxpayers, tax consultants and different stakeholders throughout India, a authorities assertion knowledgeable on Saturday.

Underneath the provisions of part 119 of the Earnings Tax (I-T) Act, 1961, the next relaxations have been made when it comes to deadlines of compliance dates:

  1. Enchantment to the commissioner (appeals) beneath Chapter XX of the Act, for which the final date of submitting beneath that Part is 1st April 2021 or thereafter, could also be filed throughout the time supplied beneath that Part or by thirty first Could 2021, whichever is later.
  2. Objections to Dispute Decision Panel (DRP) beneath Part 144C of the Act, for which the final date of submitting beneath that Part is 1st April 2021 or thereafter, could also be filed throughout the time supplied beneath that Part or by thirty first Could 2021, whichever is later.
  3. Earnings-tax return in response to note beneath Part 148 of the Act, for which the final date of submitting of return of revenue beneath the stated discover is 1st April 2021 or thereafter, could also be filed throughout the time allowed beneath that discover or by thirty first Could 2021, whichever is later.
  4. Submitting of belated return beneath sub-section (4) and revised return beneath sub-section (5) of Part 139 of the Act, for Evaluation 12 months 2020-21, which was required to be filed on or earlier than thirty first March 2021, could now be filed on or earlier than thirty first Could 2021.
  5. Fee of tax deducted beneath Part 194-IA, Part 194-IB, and Part 194M of the Act, and submitting of challan-cum-statement for such tax deducted, that are required to be paid and furnished by thirtieth April 2021(respectively) beneath Rule 30 of the Earnings-tax Guidelines, 1962, could now be paid and furnished on or earlier than thirty first Could 2021.
  6. Assertion in Type No. 61, containing particulars of declarations obtained in Type No. 60, which is because of be furnished on or earlier than thirtieth April 2021, could now be furnished on or earlier than thirty first Could 2021.

These tax-related relaxations had been undertaken by the Central Board of Direct Taxes (CBDT) to ease compliances to be made by the taxpayers and to mitigate the difficulties confronted by numerous stakeholders in these troublesome instances marked by the coronavirus illness (Covid-19) pandemic, the official order acknowledged.

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