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CBDT extends due dates of various proceedings and order under Income tax act to 30.06.2021 in light of the raging pandemic

Income tax Expert by Income tax Expert
April 24, 2021
in Income Tax News
4
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In view of the severe Covid-19 pandemic raging unabated across the country affecting the lives of our people, and in view of requests received from taxpayers, tax consultants & other stakeholders that various time barring dates, which were earlier extended to 30th April, 2021 by various notifications, as well as under the Direct Tax Vivad se Vishwas Act, 2020, may be further extended, the Government has extended certain timelines today.

In the light of several representations received(supra) and to address the hardship being faced by various stakeholders, the Central Government has decided to extend the time limits to 30th June, 2021 in the following cases where the time limit was earlier extended to 30th, April 2021 through various notifications issued under the Taxation and Other Laws (Relaxation) and Amendment of Certain Provisions Act, 2020, namely:-

(i) Time limit for passing of any order for assessment or reassessment under the Income-tax Act, 1961(hereinafter called ‘the Act’ ) the time limit for which is provided under section 153 or section 153B thereof; (i.e. time limit for issuing orders in respect of 143(3) assessment and 147 assessment)

(ii) Time limit for passing an order consequent to direction of DRP under subsection (13) of section 144C of the Act;

(iii) Time limit for issuance of notice under section 148 of the Act for reopening the assessment where income has escaped assessment; (Time limit for reopening assessment which was earlier extended to 30.04.2021 vide relaxation)

(iv) Time Limit for sending intimation of processing of Equalisation Levy under sub-section (1) of section 168 of the Finance Act 2016.

It has also been decided that time for payment of amount payable under the Direct Tax Vivad se Vishwas Act, 2020, without an additional amount (i.e. without interest), shall be further extended to 30th June, 2021.

 

Notifications to extend the above dates shall be issued in due course

To read full press release CLICK HERE.

 

Thus, all the relaxations have only been granted to department and not the assessee as no relaxation/ extension has been provided to assessee with regard to filing of appeal or filing of TDS return or payment of TDS amid this pandemic.

What do you think?

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  1. Pingback: Rajasthan High court puts stay on Income tax reassessment proceedings under section 148 which were started in old provisions - Taxontips
  2. Pingback: Scrutiny Notice issued u/s 148 of the Income tax Act for AY 2013-14 to AY 2017-18 after 01.04.2021 stayed by High court - Taxontips
  3. Pingback: List for Computer assisted scrutiny selection (CASS) finalised for AY 2019-20 | Get ready to receive assessment notice for AY 2019-20 - Taxontips
  4. Pingback: Can you ask for reason of reopening for cases reopened u/s 148 after 01.04.2021 | How to reply to 148 notice - Taxontips

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