CBDT Further Extends Various Deadlines

In light of the COVID-19 pandemic, the Government of India had passed Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 ('Ordinance') to provide for various reliefs (including extension of various compliances' deadlines falling between 20 March 2020 and 29 June 2020 to 30 June 2020). Post that, it had made an announcement that the deadline for filing the tax returns of all the taxpayers for fiscal year 2019-20 shall be 30 November 2020. Further, through a Press Release it had also extended the deadline for Vivad se Vishwas Scheme (VsV Scheme) from 30 June 2020 to 31 December 2020. However, the notification was awaited.

Recently, the Central Board of Direct Taxes issued a Notification¹ extending various timelines (including filing of tax return, deadline under VsV Scheme etc.) and granting certain reliefs. We, at BDO in India, have analysed and summarised this Notification hereunder: