{"id":227754,"date":"2020-04-01T01:55:14","date_gmt":"2020-03-31T20:25:14","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=227754"},"modified":"2020-04-01T13:10:59","modified_gmt":"2020-04-01T07:40:59","slug":"breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/","title":{"rendered":"Breaking | President promulgates &#8212; Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020"},"content":{"rendered":"<p>Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 has been promulgated to provide <span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">relaxation in the provisions of certain Acts and for matters connected therewith or incidental thereto.<\/span><\/p>\n<div class=\"page\" title=\"Page 1\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<blockquote><p>In view of the spread of pandemic COVID-l 9 across many countries of the world including India, causing immense loss to the lives of people, it has become imperative to relax certain provisions, including extension of time limit, in the taxation and other laws;<\/p><\/blockquote>\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<ul>\n<li>Relaxation of certain provisions of specified Act.<\/li>\n<\/ul>\n<p>Specified Act means:<\/p>\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>(i) Wealth-tax Act, 1957;<br \/>\n(i) Income-tax Act, 1961;<br \/>\n(iii) Prohibition of Benami Property Transactions Act,1988;<br \/>\n(iv) Chapter VII of the Finance (No. 2) Act, 2004;<\/p>\n<p>(v) Chapter VII of the Finance Act, 2013;(vi) the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015;<\/p>\n<p>(vii) Chapter VIII of the Finance Act, 2016; or<\/p>\n<p>(viii) the Direct Tax Vivad se Vishwas Act, 2020;<\/p>\n<div class=\"page\" title=\"Page 4\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<ul>\n<li>Amendment of Sections 10 and 80 G of Income Tax Act 1961.<\/li>\n<\/ul>\n<div class=\"page\" title=\"Page 4\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>&nbsp;<\/p>\n<p>(i) in section 10, in clause (23C), in sub-clause (i), after the word \u201cFund\u201d, the words and brackets \u201cor the Prime Minister\u2019s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES FUND)\u201d shall be inserted;<\/p>\n<p>(ii) in section 80G, in sub-section (2), in clause (a), in sub clause (iiia), after the word \u201cFund\u201d, the words and brackets \u201cor the Prime Minister\u2019s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES FUND)\u201d shall be inserted.<\/p>\n<ul>\n<li>Amendment of Section 3 of the Direct Tax Vivad Se Vishwas Act, 2020<\/li>\n<li>Relaxation of time limit under Central Excise Act, 1994; Customs Act, 1962; Customs Tariff Act, 1975 and Finance Act 1994.<\/li>\n<li>Amendment of Section 127 of Finance Act (No. ), 2019<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Insertion of new Section 168A in Central Goods and Services Tax Act, 2017<\/li>\n<\/ul>\n<p>Power of Government to extend time limit in special circumstances.<\/p>\n<p><span style=\"color: #ff0000;\"><strong>To Read the detailed gazette, please follow the link below:<\/strong><\/span><\/p>\n<p><a href=\"http:\/\/egazette.nic.in\/WriteReadData\/2020\/218979.pdf\">ORDINANCE<\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #ff0000;\"><strong>Read the press note with above regard below:<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and regulatory compliance matters across sectors in view of COVID-19 outbreak, the govt has brought in an Ordinance on 31.03.2020 which provides for extension of various time limits under the Taxation and Benami Acts. It also provides for extension of time limits contained in the Rules or Notification which are prescribed\/ issued under these Acts.<\/p>\n<p style=\"text-align: justify;\">It may be noted that the outbreak of Novel Corona Virus (COVID-19) across many countries of the world has caused immense loss to the lives of people, and accordingly, it has been termed as pandemic by the World Health Organisation and various Governments including Government of India. Social distancing has been unequivocally accepted to be the best way to contain its spread, leading to announcement of complete lockdown in the country. Keeping in view the challenges faced by taxpayers in meeting the compliance requirements under such conditions, the Union Finance Minister had announced several relief measures relating to statutory and regulatory compliance matters across sectors in view of COVID-19 outbreak on 24.03.2020 vide a press release.<\/p>\n<p style=\"text-align: justify;\">Some of the important features and time limits which get extended by this Ordinance are as under: &#8211;<\/p>\n<p style=\"text-align: justify;\">(i) Extension of last date of filing of original as well as revised income-tax returns for the FY 2018-19 (AY 2019-20) to 30th June, 2020.<\/p>\n<p style=\"text-align: justify;\">(ii) Extension of Aadhaar-PAN linking date to 30th June, 2020.<\/p>\n<p style=\"text-align: justify;\">(iii) The date for making various investment\/payment for claiming deduction under Chapter-VIA-B of IT Act which includes Section 80C (LIC, PPF, NSC etc.), 80D (Mediclaim), 80G (Donations), etc. has been extended to 30th June, 2020. Hence the investment\/payment can be made up to 30.06.2020 for claiming the deduction under these sections for FY 2019-20.<\/p>\n<p style=\"text-align: justify;\">(iv) The date for making investment\/construction\/purchase for claiming roll over benefit\/deduction in respect of capital gains under sections 54 to 54GB of the IT Act has also been extended to 30th June 2020. Therefore, the investment\/ construction\/ purchase made up to 30.06.2020 shall be eligible for claiming deduction from capital gains arising during FY 2019-20.<\/p>\n<p style=\"text-align: justify;\">(v) The date for commencement of operation for the SEZ units for claiming deduction under deduction 10AA of the IT Act has also extended to 30.06.2020 for the units which received necessary approval by 31.03.2020.(<\/p>\n<p style=\"text-align: justify;\">vi) The date for passing of order or issuance of notice by the authorities under various direct taxes&amp; Benami Law has also been extended to 30.06.2020.<\/p>\n<p style=\"text-align: justify;\">(vii) It has provided that reduced rate of interest of 9% shall be charged for non-payment of Income-tax (e.g. advance tax, TDS, TCS) Equalization Levy, Securities Transaction Tax (STT), Commodities Transaction Tax (CTT) which are due for payment from 20.03.2020 to 29.06.2020 if they are paid by 30.06.2020. Further, no penalty\/ prosecution shall be initiated for these non-payments.<\/p>\n<p style=\"text-align: justify;\">(viii) Under Vivad se Vishwas Scheme, the date has also been extended up to 30.06.2020. Hence, declaration and payment under the Scheme can be made up to 30.06.2020 without additional payment.<\/p>\n<p style=\"text-align: justify;\"><strong>Indirect Taxes: <\/strong><\/p>\n<p style=\"text-align: justify;\">(i) Last date of furnishing of the Central Excise returns due in March, April and May 2020 has been extended to 30th June,2020.<\/p>\n<p style=\"text-align: justify;\">(ii) Wherever the last date for filing of appeal, refund applications etc., under the Central Excise Act, 1944 and rules made thereunder is from 20th March 2020 to 29th June 2020, the same has been extended to 30th June 2020.<\/p>\n<p style=\"text-align: justify;\">(iii) Wherever the last date for filing of appeal, refund applications etc., under the Customs Act, 1962 and rules made thereunder is from 20th March 2020 to 29th June 2020, the same has been extended to30th June 2020.<\/p>\n<p style=\"text-align: justify;\">(iv) Wherever the last date for filing of appeal etc., relating to Service Tax is from 20th March 2020 to 29th June 2020, the same has been extended to 30th June 2020<\/p>\n<p style=\"text-align: justify;\">(v) The date for making payment to avail of the benefit under Sabka Vishwas Legal Dispute Resolution Scheme 2019 has been extended to 30th June 2020 thus giving more time to taxpayers to get their disputes resolved.<\/p>\n<p style=\"text-align: justify;\">In addition to the extension of time limits under the Taxation and Benami Acts as above, an enabling section has got inserted in the CGST Act, 2017 empowering the Government to extend due dates for various compliances inter-alia including statement of outward supplies, filing refund claims, filing appeals, etc. specified, prescribed or notified under the Act, on recommendations of the GST Council.<\/p>\n<p style=\"text-align: justify;\"><strong> PM CARES FUND <\/strong><\/p>\n<p style=\"text-align: justify;\">4. A special fund \u201cPrime Minister\u2019s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES FUND)\u201d has been set up for providing relief to the persons affected from the outbreak of Corona virus. The Ordinance also amended the provisions of the Income-tax Act to provide the same tax treatment to PM CARES Fund as available to Prime Minister National Relief Fund. Therefore, the donation made to the PM CARES Fund shall be eligible for 100% deduction under section 80G of the IT Act. Further, the limit on deduction of 10% of gross income shall also not be applicable for donation made to PM CARES Fund.<\/p>\n<p style=\"text-align: justify;\">As the date for claiming deduction u\/s 80G under IT Act has been extended up to 30.06.2020, the donation made up to 30.06.2020 shall also be eligible for deduction from income of FY 2019-20. Hence, any person including corporate paying concessional tax on income of FY 2020-21 under new regime can make donation to PM CARES Fund up to 30.06.2020 and can claim deduction u\/s 80G against income of FY 2019-20 and shall also not lose his eligibility to pay tax in concessional taxation regime for income of FY 2020-21.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"page\" title=\"Page 4\">\n<div class=\"layoutArea\">\n<div class=\"column\" style=\"text-align: justify;\">\n<hr \/>\n<p><strong>Ministry of Law and Justice<\/strong><\/p>\n<p style=\"text-align: right;\">[Ordinance dt. 31-03-2020]<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 has been promulgated to provide relaxation in the provisions of certain Acts <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,13],"tags":[40345],"class_list":["post-227754","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-statutes","tag-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Breaking | President promulgates -- Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking | President promulgates -- Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020\" \/>\n<meta property=\"og:description\" content=\"Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 has been promulgated to provide relaxation in the provisions of certain Acts\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-31T20:25:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-01T07:40:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/Law-Ministry.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/\",\"name\":\"Breaking | President promulgates -- Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"datePublished\":\"2020-03-31T20:25:14+00:00\",\"dateModified\":\"2020-04-01T07:40:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Breaking | President promulgates &#8212; Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Breaking | President promulgates -- Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/","og_locale":"en_US","og_type":"article","og_title":"Breaking | President promulgates -- Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020","og_description":"Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 has been promulgated to provide relaxation in the provisions of certain Acts","og_url":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2020-03-31T20:25:14+00:00","article_modified_time":"2020-04-01T07:40:59+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/Law-Ministry.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/","url":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/","name":"Breaking | President promulgates -- Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"datePublished":"2020-03-31T20:25:14+00:00","dateModified":"2020-04-01T07:40:59+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Breaking | President promulgates &#8212; Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":236525,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/09\/30\/taxation-other-laws-relaxation-and-amendment-of-certain-provisions-act-2020-faceless-jurisdiction-of-income-tax-authorities\/","url_meta":{"origin":227754,"position":0},"title":"Taxation &#038; Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 | Faceless jurisdiction of income-tax authorities [Key Features]","author":"Bhumika Indulia","date":"September 30, 2020","format":false,"excerpt":"President gave assent to the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 on 29-09-2020. The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (Ord. 2 of 2020) was promulgated on\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":254395,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/09\/18\/extension-of-timelines-under-the-taxation-and-other-laws-relaxation-and-amendment-of-certain-provisions-act-2020\/","url_meta":{"origin":227754,"position":1},"title":"Extension of timelines under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020","author":"Bhumika Indulia","date":"September 18, 2021","format":false,"excerpt":"On September 17, 2021, the Central Government extends timelines under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. They are listed below: (A) where the specified Act is the Income-tax Act, 1961 and (a) the completion of any action relates to passing of any order\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-182.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-182.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-182.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-182.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-182.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":237986,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/10\/24\/extension-of-due-date-of-furnishing-of-income-tax-returns-and-audit-reports\/","url_meta":{"origin":227754,"position":2},"title":"Extension of due date of furnishing of Income Tax Returns and Audit Reports","author":"Bhumika Indulia","date":"October 24, 2020","format":false,"excerpt":"In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (\u2018the Ordinance\u2019) on 31-03-2020 which, inter alia, extended various time limits. The Ordinance has since\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/Income-Tax-Department-Logo.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/Income-Tax-Department-Logo.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/Income-Tax-Department-Logo.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/Income-Tax-Department-Logo.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/Income-Tax-Department-Logo.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":332440,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/10\/04\/tola-override-income-tax-act-reassessment-notice-issuance-sc-legal-news\/","url_meta":{"origin":227754,"position":3},"title":"Section 3(1), TOLA overrides Section 149 of Income Tax Act only to the extent of relaxing time limit for issuance of a reassessment notice: SC","author":"Sucheta","date":"October 4, 2024","format":false,"excerpt":"The Court stated that TOLA will continue to apply to the Income Tax Act after 1-4-2021 if any action or proceeding specified under the substituted provisions of the Income Tax Act falls for completion between 20-3-2020 and 31-3-2021.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Tax reassessment notice TOLA","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Tax-reassessment-notice-TOLA.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Tax-reassessment-notice-TOLA.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Tax-reassessment-notice-TOLA.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Tax-reassessment-notice-TOLA.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":241516,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/31\/extension-of-time-limits-for-income-tax-returns\/","url_meta":{"origin":227754,"position":4},"title":"Extension of time limits for income tax returns","author":"Bhumika Indulia","date":"December 31, 2020","format":false,"excerpt":"In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (\u2018the Ordinance\u2019) on 31st\u00a0March, 2020 which, inter alia, extended various time limits. The Ordinance has\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":220675,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/10\/10\/clarifications-in-respect-of-option-exercised-under-s-115baa-of-income-tax-act-1961-inserted-through-taxation-laws-amendment-ordinance-2019\/","url_meta":{"origin":227754,"position":5},"title":"Clarifications in respect of option exercised under S. 115BAA of Income &#8211; Tax Act, 1961 inserted through Taxation Laws (Amendment) Ordinance, 2019","author":"Bhumika Indulia","date":"October 10, 2019","format":false,"excerpt":"The Taxation Laws (Amendment) Ordinance, 2019 (the Ordinance) has been promulgated by the President of India on September 20, 2019. The Ordinance, inter alia, inserted a new Section 115 BAA in the Income-tax Act, 1961 (the Act) with effect from April 1, 2020. 2. Section 115BA so inserted, inter alia,\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/227754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=227754"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/227754\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=227754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=227754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=227754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}