Income Tax Compliance Deadlines Extended Amid New COVID-19 Wave

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Belated revenue tax returns can now be filed earlier than May 31, 2021

In order to offer reduction to taxpayers amid the second wave of COVID-19 within the nation, the federal government has prolonged varied Income Tax compliance deadlines, beneath the Income Tax Act 1961. In a round issued on Saturday, May 1, the Central Board of Direct Taxes or CBDT, acknowledged that beneath its powers beneath Section 119 of the Income-tax Act, 1961, the organisation has offered sure relaxations with respect to Income-Tax compliances by taxpayers. (Also Read: How To File Income Tax Returns Online )

According to the Income Tax Department, the assorted compliances as a part of the notifications, are as follows:

  • The submitting of the belated revenue tax return beneath sub-section (4) and revised return beneath sub-section (5) of Section 139 of the Income-tax Act,1961, for the evaluation yr 2020-21, which was required to be filed on or earlier than March 31, 2021, can now be filed on or earlier than May 31, 2021
  • The enchantment to Commissioner (Appeals) beneath Chapter XX of the Income-tax Act, 1961, for which the final date of submitting beneath that Section was April 1, 2021, can be filed throughout the time interval beneath the part by May 31, 2021
  • The objections to the Dispute Resolution Panel (DRP) beneath Section 144C of the Income-tax Act, 1961, for which the final date of submitting beneath that Section was April 1, 2021, can be filed throughout the time offered beneath the part or by May 31, 2021.
  • The income-tax return in response to note beneath Section 148 of the Income-tax Act, 1961, for which the final date of submitting of return of revenue was April 1, 2021, can be filed throughout the time allowed discover by May 31, 2021
  • The cost of the tax deducted beneath Section 194-IA, Section 194-IB and Section 194M of the Income-tax Act, 1961, and the submitting of the challan-cum-statement for such tax deducted, which was required to be paid by April 30, 2021, can now be paid on or earlier than 31″ May 2021.
  • Lastly, the assertion in Form quantity 61, containing the particulars of declarations obtained in Form quantity 60, which was required to be furnished by April 30, 2021, can now be furnished on or earlier than May 31, 2021.



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