Relaxation of time-Compounding of Offences under Direct Tax Laws-One-time measure-Extension of Timeline

Last updated: 08 January 2020

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The Central Board of Direct Taxes (CBDT) has extended the deadline for applying to compound offences under Direct Tax Laws. This one-time measure was introduced to help taxpayers who faced genuine difficulties in meeting the original deadline of 31st December 2019. The extension aims to provide relief to those who couldn't avail the initial relaxation window.

F.No.285/08/2014-IT(Inv. V)/639 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) Room No. 513, 5th Floor, C-Block, Dr. Shyama Prasad Mukherjee Civic Centre, Minto Road, New Delhi -110002. Dated: 03.01.2020 Subject: Relaxat

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FAQ :

The notification concerns the relaxation and extension of the timeline for compounding offences under Direct Tax Laws, as a one-time measure.

The original deadline for filing applications for compounding of offences under the Income-tax Act, 1961, was 31st December 2019.

The timeline has been extended because the CBDT received references indicating that taxpayers could not avail the initial one-time relaxation due to genuine hardships.

Taxpayers who faced genuine hardships and could not avail the initial one-time relaxation window for compounding offences can benefit from this extension.

No, this is described as a 'one-time measure' and an 'extension of timeline'.