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Centre extends deadlines under Vivas se Vishwas Act in light of the raging pandemic

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Rajan Nath
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Centre extends deadlines under Vivas se Vishwas Act in light of the raging pandemic
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In the wake second wave of coronavirus in India and in the view of requests received from taxpayers, tax consultants, and other stakeholders, the Government has extended certain tax deadlines including the payment under Vivad se Vishwas Act. The Central Government has decided to extend the time limits to June 30, 2021, in the several cases where the time limit was earlier extended to April 30, 2021, through various notifications issued under the Taxation and Other Laws (Relaxation) and Amendment of Certain Provisions Act, 2020.
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Also Read | Zydus gets DCGI approval for emergency use of Virafin in treating moderate COVID-19 cases Second wave of coronavirus in Inda: The Government has extended certain tax deadlines including the payment under Vivad se Vishwas Act. These include:
  • Time limit for the 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 153B thereof
  • Time limit for passing an order consequent to the direction of DRP under sub-section (13) of section 144C of the Act
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Second wave of coronavirus in Inda: The Government has extended certain tax deadlines including the payment under Vivad se Vishwas Act.
  • Time limit for issuance of notice under section 148 of the Act for reopening the assessment where income has escaped assessment
  • Time Limit for sending intimation of processing of Equalisation Levy under sub-section (1) of section 168 of the Finance Act 2016.
Also Read | Second Wave of Coronavirus in India: India continues to record world’s highest single-day Covid spike
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Second wave of coronavirus in Inda: The Government has extended certain tax deadlines including the payment under Vivad se Vishwas Act. It has also been decided that the time for payment under the Direct Tax Vivad se Vishwas Act, 2020, without an additional amount, would be further extended to June 30, 2021. Click here to follow PTC News on Twitter -PTC News-
coronavirus-india second-wave-of-coronavirus second-wave-coronavirus-india vivad-se-vishwas-act
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