The Central Government started providing relaxations to ease compliances that need to be made by the taxpayers for the purpose of providing relief during these tough times.
In the present unwell circumstances arising because of the severe Covid-19 pandemic, the Center on Saturday extended certain income tax deadlines.
The government received many representations recently in which various stakeholders shared problems they are facing. On the basis of that, and to mitigate the difficulties, the Central Board of Direct Taxes (CBDT) has granted the following exemption related to compliance by taxpayers:
- An appeal is made to the Commissioner (Appeals) under Chapter XX of the Act, for which the last date of filing an income tax return under that section was April 1, 2021, or thereafter, may be filed before the pre-defined time under that section or by May 31, 2021, whichever come Later;
- Objections represented in front of the Dispute Resolution Panel (DRP) under Section 144C of the Act, for which the last date of filing under that section was April 1, 2021, or thereafter, may be filed within the defined time under that section or till May 31, 2021. Whichever come later;
- Income tax returns in response to notices under section 148 of the Act, for which the last date of return of income under the said notice was on April 1, 2021, or after may be filled within the defined time mentioned on that notice or be May 31, 2021, whichever is later;
- Furnishing the belated returns under sub-section (4) and amended subsection (5) of section 139 of the Act for the assessment year May 31, 2021;
- Payment of tax deducted under section 194-IA, section 194-IB, and section 194M of the Act, and filing of challan-cum-statements for such tax deductions, that need be paid and filed on April 30, 2021 (respectively) as per Rule 30 of the income tax rules, 1962. Can be paid and furnished till May 31, 2021.
- The details (statement) in Form No. 61, including the details (particulars) of declarations, received in Form No. 60, which are to be submitted by April 30, 2021, may be submitted on or before May 31, 2021.
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