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Central Government Extends These Deadlines To Ease Compliances

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The central government has extended certain deadlines to ease compliances for certain stakeholders. On the basis of concerns heard from different stakeholders, the Central Government has opted to extend timeframes for conformity with the Income-tax Act, 1961, as part of its effort to resolve the difficulties experienced by many stakeholders as a result of the Covid-19 epidemic. According to the statement issued on 17th September 2021, Central Board of Direct Taxes (CBDT) has said that "The Central Government, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the Covid-19 pandemic, has, on consideration of representations received from various stakeholders, decided to extend timelines for compliances under the Income-tax Act, 1961."

 
Central Government Extends These Deadlines To Ease Compliances

Timelines for the following cases have been extended, according to the report of CBDT.

  • Time limit for intimation of Aadhaar number to the Income tax Department for linking of PAN with Aadhaar has been extended from 30th September, 2021 to 31st March, 2022.
  • The due date for completion of penalty proceedings under the Act has also been extended from 30th September, 2021 to 31st March, 2022.
  • Further, the time limit for issuance of notice and passing of order by the Adjudicating Authority under the Prohibition of Benami Property Transactions Act, 1988 has also been extended to 31st March, 2022.

Source: CBDT

Read more about: government
Story first published: Saturday, September 18, 2021, 10:15 [IST]
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