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In light of the severe COVID-19 pandemic raging unabated across the country, and in view of requests received from taxpayers, tax consultants and other stakeholders to further extend various Direct Tax due dates, the Government has decided extended certain timelines vide Press Release dated 24 April 2021.
Accordingly, to address the hardships being faced by various stakeholders, the Central Government has decided to extend the time limits to 30 June 2021 in the following cases where the time limit was earlier extended to 30 April 2021 through various notifications issued under the Taxation and Other Laws (Relaxation) and Amendment of Certain Provisions Act, 2020, namely:-
The Government has further decided that the time for payment of amount payable under the Direct Tax Vivad se Vishwas Act, 2020, without an additional amount, shall be further extended to 30 June 2021.
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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