Ministry of Finance extends certain timelines to ease compliances

Sep 20, 2021 | by Avantis RegTech Legal Research Team

Loading audio.....

Finance & Taxation Compliance

The Ministry of Finance on September 17, 2021 extend timelines for compliances under the Income-tax Act, 1961 (hereinafter referred to as “the Act”) in the following cases, as under:

• Time limit for intimation of Aadhaar number to the Income tax Department for linking of PAN with Aadhaar has been extended from September 30, 2021 to March 31, 2022.

• The due date for completion of penalty proceedings under the Act has also been extended from September 30, 2021 to March 31, 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 March 31, 2022.

• Notification no. 113 of 2021 dated September 17, 2021 has been issued in this regard and can be accessed at www.incometaxindia.gov.in.

[Release ID: 1755936]

 


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.