This notification is issued under section 3(1) of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (38 of 2020) and modifies the following notifications issued earlier in this regard for extension of various due dates. 74 of 2021 prescribes the extension of the time limit for Assessment & Penalty as well as the extension of due dates of certain compliances by the taxpayers.
#2016 tax extension application series
This series of extensions of due dates continued when Notifications No. 9/2021 by extending due dates of certain compliances under the Act. Further relief was provided by an Order dated vide Circular No.
8/2021, the government has extended certain due dates viz., the due date for payment of TDS, the due date for furnishing TDS statements, etc. One month later in April 2021, vide an Order dated through Circular No. Also, the Board has extended the date for payment of disputed tax under the Vivad se Vishwas Scheme without 10% additional amount. 38/2021 and 39/2021, the Board has extended the time limit for various compliances by the income-tax department including the extension of the time limit to pass various assessment orders. In the next two successive notifications bearing No. 20/2021 dated to extend the due date of PAN-Aadhaar linking and extension of time limit to issue the notches u/s 148 among others. In this series, the first notification issued by the CBDT is Notification No. Besides, statutory powers are also there under the Income-tax Act. The government has taken the powers to extend various due dates under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. The government has issued a Press Release on 25th June 2021 regarding enumerating the extension of various due dates under the Income-tax Act. This is updated as per the legal position till 25th June 2021. This time the extension of due dates is also due to the non-functioning of the new income-tax portal which was launched on 7th June, 2021.ĬBDT has on various occasions issued notifications and orders to extend the due date of various compliances under the Income-tax Act, 1961 (“Act”).Īll the extensions in the due date of various compliances by the department as well as by the assessee are compiled in this article as a ready reference which is applicable from March 2021. This extension of due dates has come in the backdrop of the outbreak of the second wave of the COVID-19 pandemic and due to lockdowns imposed by almost all the state governments. 12/2021 of even date to explain the extension of various due dates so notified by these two notifications. Besides, CBDT has also issued a Circular No. CBDT has once again extended the due dates of various compliances under the Income-tax Act and Direct Tax Vivad Se Vishwas Act, 2020 vide Notification No.