CBDT extends certain timelines to ease compliances under Taxation Act, 2020

Sep 20, 2021 | by Avantis RegTech Legal Research Team

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Finance & Taxation Compliance

The Central Board Direct Taxes (CBDT) on September 17, 2021 has issued extension of certain timelines to ease compliances under the Income-Tax Act, 1961, keeping in mind the hardship being faced by various stakeholders on account of the Covid-19 pandemic and on consideration of representations received from various stakeholders by amending an earlier notification vide S.O. 2580(E) dated the June 25, 2021.

The extension provided is as followed:

• 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.

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 S.O. 3814(E)]



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