I-T Dept extends deadline for filing of various tax compliances, Vivad Se Vishwas scheme till 30 Sept

New Delhi: The income tax department on Sunday extended the deadline for various compliances, including filing of statement for equalisation levy and remittances. The deadline for filing the Equalisation Levy statement in Form-1 for the Financial Year 2020-21 has been extended till 31 December, against the original due date of 30 June. The 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 30 November and 31 December respectively. The original due date for filing this statement was 15 July and 15 October respectively. In 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 e-filing of these forms. In 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 30 September. However, taxpayers have the option to make payments till 31 October, with an additional amount of interest. Also, the due dates for electronic filing of forms related to intimation by pension funds and sovereign wealth funds too have been extended. Intimation 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 31 July and 31 October, would now have to be furnished by 30 November and 31 December respectively. The CBDT also extended the due date for uploading of declarations received in Form 15G/15Hfor the June and September quarter till 30 November and 31 December respectively. The original due dates were 15 July and 15 October respectively. The deadlines are being extended as glitches marred the functioning of new income tax portal ‘www.incometax.gov.in’, launched on 7 June. The Finance Ministry had last week “summoned” Infosys CEO Salil Parekh to explain why issues continued to plague the portal developed by the software major. Finance Minister Nirmala Sitharaman, in the meeting with Parekh on 23 August, expressed “deep disappointment” over persisting glitches for more than two months after portal launch and gave him time till 15 September to resolve all issues.