Income tax compliance deadlines prolonged amid covid surge. Details right here

In view of the antagonistic circumstances arising because of the extreme Covid-19 pandemic, the Centre has prolonged sure earnings tax timelines on Saturday.

In the sunshine of a number of representations acquired to mitigate the difficulties being confronted by numerous stakeholders, the Central Board of Direct Taxes (CBDT) has offered the next rest in respect of compliances by the taxpayers:

-Appeal to Commissioner (Appeals) below Chapter XX of the Act, for which the final date of submitting below that Section is 1st April, 2021 or thereafter, could also be filed inside the time offered below that Section or by thirty first May, 2021, whichever is later;

-Objections to Dispute Resolution Panel (DRP) below Section 144C of the Act, for which the final date of submitting below that Section is 1st April, 2021 or thereafter, could also be filed inside the time offered below that Section or by thirty first May, 2021, whichever is later;

-Income-tax return in response to note below Section 148 of the Act, for which the final date of submitting of return of earnings below the mentioned discover is 1st April, 2021 or thereafter, could also be filed inside the time allowed below that discover or by thirty first May, 2021, whichever is later;

-Filing of belated return below sub-section (4) and revised return below sub-section (5) of Section 139 of the Act, for Assessment Year 2020-21, which was required to be filed on or earlier than thirty first March, 2021, could also be filed on or earlier than thirty first May, 2021;

-Payment of tax deducted below Section 194-IA, Section 194-IB and Section 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) below Rule 30 of the Income-tax Rules, 1962, could also be paid and furnished on or earlier than thirty first May, 2021;

-Statement in Form No. 61, containing particulars of declarations acquired in Form No.60, which is because of be furnished on or earlier than thirtieth April, 2021, could also be furnished on or earlier than thirty first May, 2021.

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