Income Tax Department releases Corrigendum to order which clarified no further extension



Quick Summary
The Income Tax Department has released a Corrigendum to a previous order. This clarification, issued under section 119 of the Income-tax Act, explicitly states that there will be no further extensions granted for due dates related to Income Tax Act compliances. The document details specific amendments to a table and includes a footnote with various source references.

The Income Tax Department has released a Corrigendum to order under section 119 of the Income-tax Act dated 11/01/2021 which clarified that no further extension shall be made in due dates compliances of the Income Tax Act. Read the Corringedum released below:

F. NO. 370153/39/2020-TPL 
GOVERNMENT OF INDIA 
MINISTRY OF FINANCE 
DEPARTMENT OF REVENUE 
(CENTRAL BOARD OF DIRECT TAXES) 
(TAX POLICY AND LEGISLATION DIVISION) *********** 

New Delhi, 12th January, 2021 

Income Tax Department Clarifies No Further Extension for Filings

CORRIGENDUM 

In the order under section 119 of the Income tax Act, 1961, F.No. 370153/39/2020- TPL dated 11th January, 2021 issued by the Central Board of Direct taxes,-1. in the table at para 7 the rows related to Singapore and Brazil shall be read as follows:

Income Tax Department releases Corrigendum to order under section 119 of the Income-tax Act dated 11/01/2021

2. the following footnote shall be inserted below para 7,-

"Source -
i. https://www.irs.gov/  
ii. https://www.gov.uk/
iii. haps://www.charteredaccountantsanz.com/
iv. https:/ /www.sars.gov.za/  
v. https://www.revenue.ie/  
vi. https://mffa.nl/  
vii. httos://www.iras.gov.sgi  
viii.https://www.canada.cai
ix. (a) https://home.kpmg/ (b) http://normas.receitalazenda.gov.bri" 

[Shefali Singh] 
Under Secretary, TPL-IV 

FAQ :

The Income Tax Department has released a Corrigendum to an order dated 11th January 2021.

The Corrigendum clarifies that no further extensions will be granted for the due dates of compliances under the Income Tax Act.

The order was issued under section 119 of the Income-tax Act, 1961.

Yes, the Corrigendum explicitly states that no further extension shall be made in due dates for compliances of the Income Tax Act.

The Corrigendum makes amendments to a table at paragraph 7, specifically for Singapore and Brazil, and inserts a footnote below paragraph 7.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »


Popular News





CCI Pro