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The Central Board of Direct Taxes has extended various due dates ofAssessment and Re-Assessment under the Income Tax Act, together with due dates under the Benami Act. Read the official announcement below: MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th February, 2021 S.O. 966(E).- In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions
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FAQ :
The CBDT has extended various due dates for assessment and re-assessment under the Income Tax Act, as well as due dates under the Benami Act for departmental officers.
The time limit for completing actions related to the imposition of penalty under Chapter XXI of the Income-tax Act has been extended to the 30th of June, 2021.
For assessment or re-assessment under the Income-tax Act where the time limit expired on 31st March 2021 due to previous extensions, the new deadline is 30th April 2021. For those not covered by the previous extension and expiring on 31st March 2021, the deadline is extended to 30th September 2021.
Yes, for actions related to the Benami Act, such as issuing notices or passing orders, the time limit has been extended to the 30th of September, 2021.
These extensions apply to departmental officers concerning actions under the Income Tax Act and the Benami Property Transaction Act.
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