In a relief to taxpayers in the country, the union government on Friday announced extension of several tax deadlines including time to invest in residential house for tax deduction, payments under dispute resolution scheme.
Tax deduction extended by more than 3 months, investment required to be made on or after April 1, they can be made till September 30, Minister of State (MoS) for Finance, Anurag Thakur said.
Further, PAN-Aadhar linkage deadline is extended by another 3 months till September 30.
Under the Vivad se Vishwas scheme, payment without interest is extended by 2 months from June 30 till August 31.
Thakur further said the amount paid for medical treatment to an employee by employer or to a person on account of coronavirus for 2019-20 and subsequent year will not be taxed in hands of employee/beneficiary.
For filing TDS statements, the deadline has been extended till July 15. Issuing tax deduction certificates can be done till July 31. Registration of institutions extended to August 31 and option to withdraw cases from settlement commission to July 31, he said.
Business Standard
No comments:
Post a Comment