Notification No. 93/2020 [F. No. 370142/35/2020-TPL] / SO 4805(E)

Last updated: 02 January 2021

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This notification announces extended deadlines for various tax compliance actions, superseding previous dates. For actions under clause (a) of sub-section (1) of section 3 of the Act, the end date for completion is now March 30, 2021, with the time limit extended to March 31, 2021. Special provisions apply for the Direct Tax Vivad Se Vishwas Act and specific Income-tax Act orders, setting January 30 and 31, 2021, as the respective end dates. For the Income-tax Act, 1961, the deadline for furnishing returns is extended to February 15, 2021, for certain assessees and January 10, 2021, for others. Audit report submissions are extended to January 15, 2021.

NOTIFICATION

New Delhi, the 31st December, 2020

S.O. 4805(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 (38 of 2020) (hereinafter referred to the Act) and in supersession of the notification of the Government of India in the Ministry of Finance, (Department of Revenue) No. 88/2020 dated the 29th October, 2020, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), vide number S.O. 3906(E), dated the 29th October, 2020, except as respects things done or omitted to be done before such supersession, the Central Government hereby specifies, for the completion or compliance of action referred to in-

(A) clause (a) of sub-section (1) of section 3 of the Act, -

(i) the 30th day of March, 2021 shall be the end date of the period during which the time limit specified in, or prescribed or notified under, the specified Act falls for the completion or compliance of such action as specified under the said sub-section; and

(ii) the 31st day of March, 2021 shall be the end date to which the time limit for completion or compliance of such action shall stand extended:

Provided that where the specified Act is the Direct Tax Vivad Se Vishwas Act, 2020 (3 of 2020), the provision of this clause shall have the effect as if—

(a) for the figures, letters and words "30th day of March, 2021", the figures, letters and words "30th day of January, 2021" had been substituted; and

(b) for the figures, letters and words "31st day of March, 2021", the figures, letters and words "31st day of January, 2021" had been substituted:

Provided further that where the specified Act is the Income-tax Act, 1961 (43 of 1961) and completion or compliance of action referred to in clause (a) of sub-section (1) of section 3 of the Act is an order under sub-section (3) of section 92CA of the Income-tax Act, 1961, the provision of this clause shall have the effect as if—

(a) for the figures, letters and words "30th day of March, 2021", the figures, letters and words "30th day of January, 2021" had been substituted; and

(b) for the figures, letters and words "31st day of March, 2021", the figures, letters and words "31st day of January, 2021" had been substituted;

(B) clause (b) of sub-section (1) of section 3 of the Act, where the specified Act is the Income-tax Act, 1961 (43 of 1961) and the compliance for the assessment year commencing on the 1st day of April, 2020 relates to -

(i) furnishing of return under section 139 thereof, the time limit for furnishing of such return, shall -

(a) in respect of the assessees referred to in clauses (a) and (aa) of Explanation 2 to sub-section (1) of the said section 139, stand extended to the 15th day of February 2021; and

(b) in respect of other assessees, stand extended to the 10th day of January, 2021: Provided that the provisions of the fourth proviso to sub-section (1) of section 3 of the Act shall, mutatis mutandis apply to these extensions of due date, as they apply to the date referred to in sub-clause (b) of clause (i) of the third proviso thereof;

(ii) furnishing of report of audit under any provision of that Act, the time limit for furnishing of such report of audit shall stand extended to the 15th day of January, 2021.

2. This notification shall come into force from the date of its publication in the Official Gazette.

[Notification No. 93/2020/F. No. 370142/35/2020-TPL]

VIPUL AGARWAL, Director (Tax Policy and Legislation Division)

FAQ :

The notification extends the time limits for completing or complying with certain tax-related actions under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020.

The end date for completion is March 30, 2021, and the time limit for compliance is extended to March 31, 2021.

Yes, for the Direct Tax Vivad Se Vishwas Act, 2020, the end date for completion is January 30, 2021, and the compliance time limit is extended to January 31, 2021.

For assessees under clauses (a) and (aa) of Explanation 2 to section 139(1), the deadline is February 15, 2021. For other assessees, the deadline is January 10, 2021.

The time limit for furnishing audit reports under the Income-tax Act, 1961, is extended to January 15, 2021.

Orders under sub-section (3) of section 92CA of the Income-tax Act, 1961, have their completion and compliance deadlines adjusted to January 30 and January 31, 2021, respectively.