The Income Tax Department has extended several deadlines to 31 May in view of the corona virus epidemic. Information about this has been given by the Central Board of Direct Taxes via Twitter.
In view of the current state of the corona virus epidemic, the Central Board of Direct Taxes has relaxed several regulations regarding tax compliance. The tax department has given information about this from the official Twitter handle on Saturday. On behalf of the tax department, Twitter wrote, ‘Taxpayers are facing many problems in the current state of Kovid-19 epidemic. Keeping this in mind, the government has extended the time period for their compliance.
Tax Expert and Chartered Accountant Gauri Chadha said, “The deadline for filing bilated and revised returns was 31 March, which has now been extended to 31 May.” However, exemption has been given under select TDS. Also, income tax filed in response to the tax notice under section 148 has been relaxed.
He said that only a few assessees will be benefited by this, as many people will have to meet tax compliance. Due to the epidemic, they are facing problems in completing it. Still waiting for other deadlines to grow.
Which tax compliance deadline extended?
Under Chapter XX of the Income Tax Act, the deadline for appeal to the Commissioner has been extended till 31 May.
The deadline for filing was earlier on April 1, 2021 under the Dispute Resolution Panel (DRP) of section 144C of the Income Tax Act. Now the last date for this has been fixed 31 May 2021.
The deadline for filing returns was first on April 1, 2021 after receiving notice under section 148 of the Income Tax Act. Now this deadline has been extended till 31 May 2021.
Under Section 139 of the Income Tax Act, the last date for late return of tax returns for the financial year 2021-21 has been extended from 31 March 2021 to 31 May 2021.
The payment of tax deducted under Sections 194-I1, 194-IB and 194M and the deadline for filing of challans on such tax deductions has also been extended up to 31 May 2021. Previously, its last date was 30 April 2021.
The last date for declaration under Form No. 60 and Form No. 61 was 30 April 2021, which has now been extended to 31 May.