Home Audit & Assurance CBDT extends Time Limit for processing Non-Scrutiny Income Tax Returns upto AY 2020-21

CBDT extends Time Limit for processing Non-Scrutiny Income Tax Returns upto AY 2020-21

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CBDT extends Time Limit for processing Non-Scrutiny Income Tax Returns upto AY 2020-21

CBDT extends Time Restrict for processing Non-Scrutiny Earnings Tax Returns upto AY 2020-21

The Central Board of Direct Taxes (CBDT) has notified an extension of the Time Restrict for processing Non-Scrutiny Earnings Tax Returns as much as AY 2020-21 by way of issuing a Notification.

The Notification Learn as follows:

Central Board of Direct Taxes (Board) vide its orders below part 119 of the Earnings-tax Act, 1961 (Act) dated 16.10.2023 and 01.12.2023 on the captioned topic relaxed the time prescribed within the second proviso to sub-section (1) of Part 143 of the Act.

It was directed that each one validly filed digital earnings returns as much as Evaluation 12 months 2020-21, together with refund claims that might not be processed below sub-section (1) of Part 143 of the Act and had develop into time-barred, be processed by 31.01.2024, topic to the circumstances/exceptions specified therein.

The case has been reconsidered by the Board in gentle of ongoing taxpayer claims relating to refunds.

To mitigate the real hardship being confronted by the taxpayers on this subject, the Board, by advantage of its energy below part 119 of the Act and in partial modification of its earlier orders below part 119 of the Act dated 16.10.2023 and 01.12.2023, supra, hereby additional extends the time talked about within the para no. 2 of those orders until 30.04.2024 in respect of returns of earnings validly filed electronically as much as AY 2020-21.

All different contents of the mentioned orders u/s 119 of the Act will stay unchanged.

For Official Notification Obtain PDF Given Under:

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