Extension of timelines related to certain compliances by the Taxpayers under the Income-tax Act 1961

Updated on : 2021-May-03 08:55:33 | Author :

The Department of Revenue Central Board of Direct Taxes on 30 April 2021 published a notice for extension of timelines related to certain compliances by the taxpayers under the income-tax act 1961 cause for the massive spread of the covid-19. The notice has published in circular no 8/2021 (F.NO.225/49/2021/ITA-II).

 

 

Extension of timelines related to certain compliances by the Taxpayers under the Income-tax Act 1961

  1. In view of a severe pandemic, the Central Board of Direct Taxes, in the exercise of its powers under Section 119 of the Income-tax Act, 1961, provides the following relaxation in respect of Income-tax compliances by the taxpayers:

 

  1. Appeal to Commissioner (Appeals) under Chapter XX of the Income-tax Act,1961 for which the last date of filing under that Section is 1st  April 2021 or thereafter, may be filed within the time provided under that Section or by 31st May 2021, whichever is later;st

 

  1. Objections to Dispute Resolution Panel (DRP) under Section 144C of the Income-tax Act,1961, for which the last date of filing under that Section is 1st  April 2021 or thereafter, may be filed within the time provided under that Section or by 31st May 2021, whichever is later;

 

  1. Income-tax return in response to notice under Section 148 of the Income-tax Act,1961, for which the last date of filing of return of income under the said notice is 1st April 2021 or thereaf1er, may be filed within the time allowed under that notice or by 31st May 2021, whichever is later;

 

  1. Filing of belated return under sub-section (4)  and revised return under sub-section  (5) of Section 139 of the Income-tax Act,1961 for Assessment Year 2020-21, which was required to be filed on or before 31st March 2021, may be filed on or before 31st May 2021;

 

  1. Payment of tax deducted under Section 194-lA, Section 194-IB and Section 194M of the Income-tax Act,1961 and filing of challan-cum-statement for such tax deducted, which are required to be paid and furnished by 30 April 2021 under Rule 30 of the Income-tax Rules, 1962, maybe paid and furnished on or before 31 May 2021;

 

  1. Statement in Form No. 61, containing particulars of declarations received in Form No.60, which is due to be furnished on or before 30 April 2021, maybe furnished on or before 31st May 2021.

 

The Department of Revenue Central Board of Direct Taxes Director to the govt of India Ravinder Maini signed the notice on 30 April and also the notice affected on an equivalent date.

 

 

 

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