Explain that in view of the impact of the COVID-19 epidemic, taxpayers are also facing inconvenience in completing some tax compliance and responding to various notices.
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The Central Government has given great relief to the taxpayers during the Corona period. In view of the impact of the COVID-19 pandemic, taxpayers are also facing inconvenience in completing certain tax compliances and responding to various notices. In this difficult period, relief has been given in order to make the compliance easier by the taxpayers. The Income Tax Department has given this information by tweeting.
The government has once again approved to extend the deadline for compliance under the Income Tax Act. Along with this, tax exemption has also been announced on the expenditure incurred on the treatment of COVID-19 and the ex-gratia received on death due to COVID-19.
This relief is as follows-
>> Statement of Tax Deduction, for the last quarter of the financial year 2020-21, submitted on or before 31st May, 2021 under rule 31A of the Income Tax Rules, 1962 (hereinafter referred to as the Rules) Was to go, it was extended till June 30, 2021, it can now be submitted on or before July 15, 2021.
>>Certificate of Tax Deducted at Source, under Rule 31 included in the rules, it was to be submitted by June 15, 2021, it was extended till July 15, 2021, it can now be submitted on or before July 31, 2021 could.
Central Govt provides further relief to taxpayers during these difficult Covid times by extending timelines of certain compliances.
Here is a quick look at the list of compliances that have been extended by CBDT Circular No 12/2021, Notification Nos 74/2021 &75/2021 dt 25.06.2021 pic.twitter.com/BcJNZxHnhq— Income Tax India (@IncomeTaxIndia) June 26, 2021
>> Statement of income tax payment or deposit, furnished by an investment fund to its unit holder in Form No. 64D for the previous year 2020-21, submitted on or before 15th June, 2021 under rule 12CB contained in the Rules Which was extended till June 30, 2021, it can now be submitted on or before July 15, 2021.
>> Statement of income tax payment or deposit, furnished by an investment fund to its unit holder in Form No. 64C for the previous year 2020-21, submitted on or before June 30, 2021 under rule 12CB contained in the Rules Which was extended till July 15, 2021, it can now be submitted on or before July 31, 2021.
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