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April 26, 2021

Know revise extended time limits of Tax Compliances as Notified

by CA Shivam Jaiswal in Income Tax

Know revise extended time limits of Tax Compliances as Notified

Considering the Covid-19 pandemic„ the Central Board of Direct Taxes (CBDT) had extended the due dates of various tax compliances to 30.04.2021 through various notifications issued under the Taxation and Other Laws (Relaxation of Certain Provisions) Act, 2020 (TLA Act, 2020).

As Covid-19 pandemic raging unabated across the country, the Central Government vide press release, dated 24-04-2021, has decided to further extend the time limits to 30.06. 2021 in the cases where the time-limit was earlier extended to 30.04.2021. The notifications in this regard shall be issued in due course.

The impact of aforesaid press release on various time barring dates notified under TLA Act, 2020 is enumerated under the following table:-

Extension of due dates

SectionParticularsOriginal  Due DateDue date extended by the  TLA 2020 read  with previous [notification] *New due  dates
Section 139AALinking of Aadhaar number and PAN31-03-202030-06-202130-06-20211
Section 139AA read with 114AAAPAN to be treated as inoperative due to non-linking it with Aadhaar number31-03-202031-03-202031-03-2020′
Direct Tax Vivad se
Vishwas Act, 2020
Payment of tax without  additional charge——30-04-2021 # 30-06-2021
Direct Tax Vivad se
Vishwas Act, 2020
Opting for Scheme ——30-03-2021 #30-03-20214

1. Notification 5.0.1432(E), dated 31-03-2021 *

2. The Govt. has extended the due date for linking of PAN with Aadhaar. However, no amendment has been made in Rule 114AAA which provides that if an assessee fails to link his PAN with Aadhaar by 31-03-2020, the PAN shall become inoperative.

3. Notification S.O. 964(E), dated 26-02-2021 #

4. Though the Govt. has extended the last date for making payment without additional charge under Vivad se Vishwas Scheme to 30-06-2021. However, no extension has been given in case of opting for such Scheme.

SectionParticularsOriginal  Due DateDue date extended by the  TLA 2020 read  with previous notificationNew due  dates
Section 153/153BPassing of order for assessment or  reassessment by AO Cases where on account of Various extension  notifications, the due date is getting expired on 31-03-2021.   –30-04-202130-06-2021
Section 153/153BCases where due date is getting expired on 31-03-2021 without giving effect of any extension notification.31-03-202130-09-20215 ”30-09-2021
Section 148Issuance of notice under section 148 for reopening the assessment where income has escaped assessment Cases where on account of various extension notifications, the due date is getting expired on 31-03-2021    31-03-202130-04-2021                  30-06-2021
Section 148Cases where due date is getting expired on 31-03-2021 without giving effect of any extension notification.31-03-202130-09-20215 ”30-09-2021
Section 144C(13)Passing of order consequent to direction of DRP (The extension has been given in those cases where the due date falls between 20-03-2020 to 31-03-2021)   —30-04-202130-06-2021
Section 168  of the Finance Act 2016Sending intimation of processing of Equalisation Levy (The extension has been given in those cases where the due date falls between 20-03-2020 to 31-03-2021)30-04-202130-06-2021
Chapter XXI of the Income-tax Act  Imposition of penalty     (The extension has been given in those cases where the due date falls between 20-03-2020 to 29-06-2021) —30-06-20215  30-06-2021  
Benami Act  Issue of notice or passing of any order under Benami Act (The extension has been given in those cases where the due date falls between 20-03-2020 to 30-06-2021)   —30-09-20215  30-09-2021  

5. Notification No. S.O. 966(E), dated 27-02-2021 “

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