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Govt extends deadline for varied tax compliances, Vivad se Vishwas funds


NEW DELHI: The earnings tax division on Sunday prolonged the deadline for varied compliances, together with submitting of assertion for equalisation levy and remittances.
The deadline for submitting the Equalisation Levy assertion in Type-1 for the Monetary 12 months 2020-21 has been prolonged until December 31, in opposition to the unique due date of June 30.
The quarterly assertion in Type 15CC to be furnished by authorised sellers in respect of remittances made for June and September quarter, can now be filed by November 30 and December 31 respectively. The unique due date for submitting this assertion was July 15 and October 15 respectively.
In an announcement, the Central Board of Direct Taxes (CBDT) stated on consideration of difficulties reported by the taxpayers and different stakeholders in digital submitting of sure types it has been determined to additional lengthen the due dates for e-filing of those types.
In a separate assertion, the CBDT introduced extending the deadline for making funds below the direct tax dispute decision scheme Vivad Se Vishwas (VsV) by a month until September 30. Nevertheless, taxpayers have the choice to make funds until October 31, with an extra quantity of curiosity.
Additionally, the due dates for digital submitting of types associated to intimation by pension funds and sovereign wealth funds too have been prolonged.
Intimation to be made by Pension Fund and sovereign wealth fund in respect of funding made in India for the June and September quarter, which is required to be furnished by July 31 and October 31, would now must be furnished by November 30 and December 31 respectively.
The CBDT additionally prolonged the due date for importing of declarations acquired in Type 15G/15Hfor the June and September quarter until November 30 and December 31 respectively. The unique due dates had been July 15 and October 15 respectively.
The deadlines are being prolonged as glitches marred the functioning of latest earnings tax portal ‘www.incometax.gov.in’, launched on June 7.
The Finance Ministry had final week “summoned” Infosys CEO Salil Parekh to clarify why points continued to plague the portal developed by the software program main.
Finance Minister Nirmala Sitharaman, within the assembly with Parekh on August 23, expressed “deep disappointment” over persisting glitches for greater than two months after portal launch and gave him time until September 15 to resolve all points.





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