Govt extends deadline for various tax compliances, VsV payments

The income tax department on Sunday extended the deadline for various compliances including filing of statement for equalisation levy and remittancesThe deadline for filing the Equalisation Levy statement in Form1 for the Financial Year 202021 has been extended till December 31 against the original due date of June 30The quarterly statement in Form 15CC to be furnished by authorised dealers in respect of remittances made for June and September quarter can now be filed by November 30 and December 31 respectively The original due date for filing this statement was July 15 and October 15 respectivelyIn a statement the Central Board of Direct Taxes CBDT said on consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain forms it has been decided to further extend the due dates for efiling of these formsIn a separate statement the CBDT announced extending the deadline for making payments under the direct tax dispute resolution scheme Vivad Se Vishwas VsV by a month till September 30 However taxpayers have the option to make payments till October 31 with an additional amount of interestAlso the due dates for electronic filing of forms related to intimation by pension funds and sovereign wealth funds too have been extendedIntimation to be made by Pension Fund and sovereign wealth fund in respect of investment made in India for the June and September quarter which is required to be furnished by July 31 and October 31 would now have to be furnished by November 30 and December 31 respectivelyThe CBDT also extended the due date for uploading of declarations received in Form 15G15Hfor the June and September quarter till November 30 and December 31 respectively The original due dates were July 15 and October 15 respectivelyThe deadlines are being extended as glitches marred the functioning of new income tax portal wwwincometaxgovin launched on June 7The Finance Ministry had last week summoned Infosys CEO Salil Parekh to explain why issues continued to plague the portal developed by the software majorFinance Minister Nirmala Sitharaman in the meeting with Parekh on August 23 expressed deep disappointment over persisting glitches for more than two months after portal launch and gave him time till September 15 to resolve all issuesThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever