CBDT vide notification/ ordinance dt. 24.06.2020 has extended various time limits under Income Tax.
Now CBDT has issued an corrigendum to such notification clarifying that the due date was extended for all investment “u/s 54 to 54GB” instead of “54 or 54GB” as mentioned in notification. Text of same is as under:
In the notification of the Government of India, Ministry of Finance, (Department of Revenue) (Central Board of Direct Taxes), number 35/2020, dated the 24th June, 2020, published, vide, number S.O. 2033(E), dated the 24th June, 2020 in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), at page 3,
(i) in line 30, for “section 54 or 54GB” read “sections 54 to 54GB”;
(ii) in line 35, for “sub-clause (i)” read “sub-clause (i) of clause (c)”.
To read the corrigendum CLICK HERE.
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