Circular on extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54G of Income-tax Act, 1961(‘Act’)in view of the then Covid-19 pandemic regarding(dated- 06.01.2023)-CBDT.

  • 09th, January 2023
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Circular on extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54G of Income-tax Act, 1961(‘Act’)in view of the then Covid-19 pandemic regarding(dated- 06.01.2023)-CBDT.

  • In view of the representations received and on further consideration of the then prevailing Covid-19 pandemic and resultant restrictions imposed, causing genuine hardship faced by taxpayers in making the aforementioned compliances under the Act, the CBDT, in exercise of its power under Section 119 of the Act, hereby provided that the compliances to be made by the taxpayers such as investment, deposit, payment, acquisition, purchase, construction or such other action, by whatever name called, for the purpose of claiming any exemption under the provisions falls between 01st April,2021 to 28th February,2022(both days inclusive),may be completed on or before 31st March 2023, refer attachment for further details.
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