New Delhi: The Income Tax Department on Sunday extends the time limit for various compliance, including archiving statements for retribution and distribution of equity money.
The deadline for submitting equalization retribution statements in the form of 1 for the financial year 2020-21 has been extended until December 31, against the original maturity date of June 30.
Quarterly statements in the form of 15cc to be equipped with official dealers with respect to remittances made for June and September, can now be submitted on November 30 and December 31.
The original maturity date to submit this statement was July 15 and October 15.
In a statement, the Central Council of Direct Tax (CBDT) said that the consideration of the difficulties reported by taxpayers and other stakeholders in electronic submissions of certain forms, it has been decided to further extend the due date for the e-filing of this form.
In a separate statement, the CBDT announced expanding the deadline to make payments under the scheme of direct tax dispute in Vivad Se Vishwas (VSV) a month until September 30.
However, taxpayers have options to make payments until 31 October, with additional interest.
Also, the due date for electronic filing forms related to intimacy by pension funds and sovereign assessment funds has also been extended.
Intimacy that must be carried out by a sovereign pension fund and wealth funds in connection with investments made in India for the quarter of June and September, which must be completed on July 31 and October 31, now must be completed on November 30 and 31 November respectively.
The CBDT also extended the due date to upload the declaration received in the form of 15g / 15hunis June and September to 30 November and December 31.
The original maturity date is July 15 and October 15.
The deadline is extended when a disruption that damages the new income tax portal function ‘www.incomex.gov.in’, launched on June 7 The Ministry of Finance has last week “called” Infosys CEO Salil Parekh to explain why the portal continuous problem was developed by the main software .
Minister of Finance Nirmala Sitharaman, in a meeting with Parekh on August 23, stated “deep disappointment” for disruption which lasted for more than two months after the launch of the portal and gave him time until September 15 to resolve all problems.