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Big relief! Centre extends compliance deadlines; now link PAN-Aadhaar by Sept 30

Big relief! Centre extends compliance deadlines; now link PAN-Aadhaar by Sept 30

For filing TDS statements, time limit extended from June 30 to July 15. Tax deduction certificates can now be issued till July 31. For filing foreign remittance certificates, deadline extended till July 31

MoS finance Anurag Thakur MoS finance Anurag Thakur

In a big relief to taxpayers in the country, the central government on Friday announced the extension of several deadlines, including that for PAN-Aadhaar linking, investment in residential houses for tax deduction, payments under dispute resolution scheme, filing of TDS statements, and filing foreign remittance certificates. These deadlines have been extended given the problems caused by the second COVID-19 wave.

 

 

The government has extended the deadline for linking PAN and Aadhaar to September 30 from June 30, minister of state (MoS) for finance, Anurag Thakur, said. He also announced several other measures to provide relief to income taxpayers amid the second COVID-19 wave.

 

 

Also read: SBI asks customers to link PAN, Aadhaar till June 30 to avail online banking, other services

For filing TDS statements, the time limit has been extended from June 30 to July 15. For issuing tax deduction certificates, deadline has been extended from July 15 to July 31. For filing foreign remittance certificate, the deadline has been extended from July 15 to July 31, the junior minister said.

Announcing measures related to tax concessions for payments towards COVID-19 treatment or death, the minister announced the amount paid for medical treatment to an employee by the employer or a person on the account of COVID-19 for 2019-20 and subsequent years won't be taxed in hands of employee or beneficiary.

 

 

Another relief to the income taxpayers is time to invest in residential houses. "For tax deduction extension for more than three months, the investment required to be made on or after 1st April now can be made up to 30th September. So there's an extension of 3 months," he said.

Also read: Bank holidays in June 2021: Check out full list

Published on: Jun 25, 2021, 7:21 PM IST
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