Tax officials push for deadline extension of revised returns, tax amnesty schemes
Income tax officials have requested the Indian authorities to relax the financial year end deadline for filing revised returns and availing amnesty programmes in view of the nationwide lockdown enforced to contain the spread of the coronavirus.
Tax officials from Mumbai, Delhi, Chandigarh, Goa, Madhya Pradesh and Chhattisgarh have written to the Central Board of Direct Taxes (CBDT) chief to extend the date of limitation of March 31. A similar request has come in from the tax chief in West Bengal, the biggest tax contributor from the east.
The department has “taken a serious note of the situation unfolding in the country owing to the pandemic and is proactively pursuing” extension of statutory limitation/time barring dates with the government, a top official told ET.
The association of the Indian Revenue Service (IRS) officers, and the Income Tax Employees Federation have also appealed to the CBDT to grant more time for processing tax returns and implementing the VsV scheme.
The deadline for filing revised IT returns ends March 31.
Source: Economic Times