Due date for payment under Vivad Se Vishwas Scheme extended upto 30th June, 2021
In view of the severe Covid-19 pandemic across the country and in view of the requests recieved from taxpayers, tax consultants and other stakeholders that various time barring dates, which were earlier extended to 30th April, 2021 by various notifications, as well as the Direct Tax Vivad Se Vishwas Act, 2020, may be further extended. The Government has issued a press release today dated 24.04.2021 for the same.
The time limits in the following cases have been extended to 30th June, 2021 as below:-
- Time limit for passing of any order of assessment or reassessment under the Income Tax Act, 1961 the time limit for which is provided under section 153 or section 153B thereof
- Time limit for passing an order consequent to direction of DRP under sub-section (13) of section 144C of the Act
- Time limit for issuance of notice u/s 148 of the Act
- Time limit for sending intimation of processing of Equalisation Levy under sub-section (1) of section 168 of the Finance Act 2016.
Further, time limit for payment of amount payable under Direct Tax Vivad Se Vishwas Act, without an additional amount, shall be further extended to 30th June, 2021.
Notification in this respect to be issued in due course.
