MM TAX CLUB

Government vide notification number 113/2021 dated 17 September 2021 extended certain timelines under income tax to address the hardship faced by the taxpayers due to covid-19 pandemic.

Press release in this regard can be read as under;

The Central Government, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the Covid-19 pandemic, has, on consideration of representations received from various stakeholders, decided to 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 30^th September, 2021 to 31^st March, 2022.

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

Notification no. 113 of 2021 dated 17^th September, 2021can be accessed from here.