Notification No. 04/2021/ F.No. IT(A)/01/2020-TPL / S.O. 471(E)

Last updated: 03 February 2021

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This notification announces an extension for the Direct Tax Vivad se Vishwas Act, 2020. The deadline for making declarations under the Act has been moved from 31st January 2021 to 28th February 2021. This change aims to provide more time for taxpayers to resolve disputes.

MINISTRY OF FINANCE
(Department of Revenue)
CENTRAL BOARD OF DIRECT TAXES NOTIFICATION
New Delhi, the 31st January, 2021

S.O. 471(E).— In exercise of the powers conferred by section 3 of the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020), the Central Government hereby makes the following amendment in the notification of the Government of India, Ministry of Finance (Department of Revenue), number 85/2020, dated the 27th October, 2020, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), vide number S.O. 3847(E), dated 27th October, 2020, namely:––

In clause (a), for the words, figures and letters “31st day of January, 2021” the words, figures and letters “28th day of February, 2021” shall be substituted.

[Notification No. 04/2021/ F.No. IT(A)/01/2020-TPL]

SHEFALI SINGH, Under Secy., Tax Policy & Legislation Division

Note: The principal notification was published in the Gazette of India, Extraordinary, Part-II Section 3, Sub-section (ii) dated the 27th October, 2020 vide number S.O. 3847(E), dated 27th October, 2020 and was subsequently amended by notification number S.O. 4804(E), dated 31st December, 2020 published in the Gazette of India, Extraordinary, Part-II Section 3, Sub-section (ii) dated the 31st December, 2020.

FAQ :

The Direct Tax Vivad se Vishwas Act, 2020 is an act that provides a scheme for resolution of disputes related to direct taxes.

The main change is the extension of the deadline for making declarations under the Act from 31st January 2021 to 28th February 2021.

The original deadline was the 31st day of January, 2021.

The new deadline is the 28th day of February, 2021.

This notification was issued by the Central Government, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes.

Notification No : 04/2021
Source : https://www.incometaxindia.gov.in/communications/notification/notification_04_2021.pdf

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