Notification No. 74/2021 [F. No. 370142/35/2020-TPL] / SO 2580(E)

Last updated: 27 June 2021

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This notification from the Ministry of Finance extends certain deadlines related to the Income-tax Act, 1961. Specifically, the time limit for completing assessments or reassessments that were due to expire on 30th June 2021 is now extended to 30th September 2021. The deadline for imposing penalties under Chapter XXI of the Income-tax Act has also been extended, with the period ending on 29th September 2021 and the final extension date being 30th September 2021. Furthermore, the time limit for intimating your Aadhaar number has been extended to 30th September 2021.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th June, 2021 S.O. 2580(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) Act, 2020 (3

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FAQ :

The notification extends certain deadlines for actions under the Income-tax Act, 1961, and Chapter VIII of the Finance Act, 2016.

The time limit for completing assessments or reassessments, originally expiring on 30th June 2021, is now extended to 30th September 2021.

The period for imposing penalties ends on 29th September 2021, and the time limit for completion is extended to 30th September 2021.

Yes, the time limit for intimating your Aadhaar number to the prescribed authority has been extended to 30th September 2021.

Yes, the time limit for sending an intimation under section 168 of Chapter VIII of the Finance Act, 2016, expiring on 30th June 2021, is extended to 30th September 2021.