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Because of demands from taxpayers, tax experts, professionals, and other stakeholders to further extend various Direct Tax due dates in the light of the COVID-19 pandemic spreading unabated across the world, the Central Govt has agreed to increase specified timelines vide On April 24, 2021, via a press release was issued.
As a result, the Central Govt has granted the time limits to June 30, 2021, in the below cases where the time limit was previously extended to April 30, 2021, through various notifications provided under the Taxation and Other Laws (Relaxation) & Amendment of Certain Provisions Act, 2020, namely:
Extended due date Summary of as below:
Particulars | Extended date |
Vivad se Vishwas Scheme | 31st Jan 2021 |
ITR Audit Cases | 15th Feb 2021 |
FY 19-20 GSTR 9 and GSTR 9C | 28th Feb 2021 |
Individual ITRs | 10th Jan 2021 |
Tax Audit and other audits | 15th Jan 2021 |
The Central Board of Direct Taxes (CBDT) charges a penalty if you fail to file your ITR by the deadline. For late efiling, the maximum penalty is Rs.10,000. The penalty is imposed under section 234F of the Criminal Code.
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