Further Relaxations Of Tax Compliance Timelines

1. INTRODUCTION

In light of the ongoing COVID-19 pandemic, the Government of India ("Central Government") had provided relief to taxpayers by extending statutory and regulatory compliance timelines under various direct tax statutes through the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (the "2020 Tax Ordinance"). The 2020 Tax Ordinance covered, within its scope, the following legislations:

• The Income-tax Act, 1961 (the "ITA")
• The Direct Tax Vivad Se Vishwas Act, 2020 (the "VSV Act")
• Chapter VIII of Finance Act, 2016 (Equalisation Levy)
• The Prohibition of Benami Property Transactions Act, 1988
• The Black Money (Undisclosed Foreign Income and Assets) and imposition of Tax Act, 2015