Monthly Updates and important dates for May 2021, compiled by IMCs Direct Taxation Committee.


Monthly Updates and important dates for May 2021, compiled by IMCs Direct Taxation Committee.
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Saturday, May 1, 2021
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Dear all,

Your association SIMA is pleased to inform you that the following important announcements have been compiled by IMC’s Direct Taxation Committee for your information.

Details of important circulars, notifications and press release issued during the month of April 2021:

1. PUBLIC NOTICE NO. 1/2015-2020, DATED 24-4-2021: In view of requests received from taxpayers, tax consultants & other stakeholders and the hard time that is being faced by them in coping up with various time barring dates, which were earlier extended to 30th April 2021 by various notifications, as well as under the Direct Tax Vivad se Vishwas Act, 2020, is further being extended to 30th June 2021 for the following:
* Passing of assessment/ reassessment order;
* Passing of final assessment order pursuant to directions issued by the Dispute Resolution Panel (DRP);
* Issuance of notice for reopening of assessment;
* Sending intimation of processing of statements filed by taxpayers under equalisation levy;
* Time for payment of amount payable under the Direct Tax Vivad se Vishwas Act, 2020, without an additional amount.

FOR MORE DETAILS, PLEASE CLICK HERE.

ThankingYou,
With regards,

For Silvassa Industries & Manufacturers Association

Narendra Trivedi
Secretary


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