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Taxation Central Ministry of Finance Income Tax Act, 1961

Extension of time limits under Income Tax Act 1961

27-Apr-2021 | No. 38/2021 /F. No. 370142/35/2020-TPL] / SO1703(E)

The Central Board of Direct tax has decided to extend the time limits to 30th June 2021 in the following cases where the time limit was earlier extended to 30th, April 2021 through various notifications-
(i) Time limit for passing of any order for assessment or reassessment under the Income-tax Act, 1961, the time limit for which is provided under section 153 or section 153B;
(ii) Time limit for passing an order consequent to the direction of DRP under section 144C(13) of the Act;
(iii) Time limit for issuance of notice under section 148 of the Act for reopening the assessment where income has escaped assessment;
(iv) Time Limit for sending intimation of processing of Equalisation Levy under section 168(1) of the Finance Act 2016.

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