Extension of certain deadlines under Income Tax Act- Press Release dated 17th September 2021
The Central Government issued a Press Release on 17th September 2021 extending various timelines under the Income Tax Act, 1961. The Press Release is given hereunder:
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 IT Act”) in the following cases as under:
- The time limit for intimation of the Aadhaar number to the Income Tax Department for linking PAN with the 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 the 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.
Read Press Release: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1755936
