The government has extended several deadlines under the Income Tax Act and the Direct Tax Vivad se Vishwas Act due to the ongoing Covid-19 pandemic. These extensions are in response to requests from taxpayers and consultants facing hardships. The new deadline for these various tax-related actions is now 30th June 2021.
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
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FAQ :
The deadlines have been extended due to the severe Covid-19 pandemic affecting the country and in response to requests from taxpayers and consultants highlighting the hardships they are facing.
The new deadline for the extended timelines is 30th June 2021.
The extended deadlines include: passing orders for assessment or reassessment under sections 153 or 153B of the Income-tax Act, passing orders consequent to DRP directions under section 144C(13), issuing notices for reopening assessments under section 148, and sending intimations for processing Equalisation Levy under section 168(1) of the Finance Act 2016.
Yes, the time for payment of the amount payable under the Direct Tax Vivad se Vishwas Act, 2020, without an additional amount, has also been extended to 30th June 2021.
The deadlines were previously extended to 30th April 2021.