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Alerts:

Direct Tax Alert - CBDT further extends few statutory deadlines

02 April 2021

In view of the COVID-19 pandemic, the Government of India had announced several important relief measures on tax and regulatory front through the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (the Ordinance). The Ordinance, inter-alia, provided for extension of various deadlines prescribed in the Income-tax Act, 1961 (the IT Act). Subsequently, the Central Board of Direct Taxes (CBDT) have been issuing notifications1 to extend the deadlines.

With COVID-19 still playing havoc, the CBDT issued a notification2 to further extend the deadlines which were expiring on 31 March 2021. We, at BDO in India, have analysed and summarised the said notification hereunder:  

Particulars

Erstwhile due date

Extended due date

Intimation of Aadhar number and linking thereof with Permanent Account Number (PAN)

31 March 2021

30 June 2021

Issue of notice under section 148 of the IT Act (i.e. reassessment notice)

31 March 2021

30 April 2021

Passing of consequential order for direction issued by Dispute Resolution Panel under section 144C(13) of the IT Act (i.e. passing of final order by the Tax Officer)

31 March 2021

30 April 2021

Processing of Equalisaton Levy statements under section 168(1) of the Finance Act, 2016

31 March 2021

30 April 2021

 

BDO Comments

With the country staring at the second wave of the COVID-19 pandemic, the extension will bring a relief to the taxpayers as responding to notices / preparing an appeal could pose a challenge with the increasing COVID-19 numbers.


1Notification No. 35/2020/F. No. 370142/23/2020-TPL, dated 24 June 2021- Refer our tax alert- https://www.bdo.in/en-gb/insights/alerts-updates/tax-alert-cbdt-further-extends-various-deadlines

Notification No. 93/2020, dated 31 December 2020- Refer our tax alert- https://www.bdo.in/en-gb/insights/alerts-updates/direct-tax-alert-cbdt-further-extends-the-deadline-for-filing-of-tax-return;-furnishing-of-tax-audi  

2Notification No. 20/2021/F. No. 370142/35/2020-TPL, dated 31 March 2021