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Press Information Bureau

Ministry of Finance

Dated – 24-04-2021

Government extends certain timelines in light of the raging pandemic.

In view of the severe Covid-19 pandemic raging unabated across the country affecting the lives of our people, and in view of requests received from taxpayers, tax consultants & other stakeholders that various time barring dates, which were earlier extended to 30th April, 2021 by various notifications, aswell as under the Direct Tax Vivad se Vishwas Act, 2020, may be further extended, the Government has extended certain timelines today.

In the light of several representations received(supra) and to address the hardship being faced by variousstakeholders, the Central Government has decided to extend the time limits to 30th June, 2021 in the following cases  where the  time  limit  was  earlier extended to  30th,  April  2021  through various notifications issued under  the  Taxation and  Other  Laws  (Relaxation) and  Amendment of  Certain Provisions Act, 2020, namely:-

(i)  Time  limit  for  passing of  any  order  for  assessment or  reassessment under  the  Income-tax Act,1961(hereinafter called 'the Act' ) the time limit for which is provided under section 153 or section 153Bthereof;

(ii) Time limit for passing an order consequent to direction of DRP under sub-section (13) of section144C of the Act;

(iii) Time limit for issuance of notice under section 148 of the Act for reopening the assessment where income has escaped assessment;

(iv) Time Limit for sending intimation of processing of Equalisation Levy under sub-section (1) of section 168 of the Finance Act 2016.

It has also been decided that time for payment of amount payable under the Direct Tax Vivad se Vishwas Act, 2020, without an additional amount, shall be further extended to 30th June, 2021

Notifications to extend the above dates shall be issued in due course.