• Legal Update:
o Government announces tax exemption for expenditure on Covid treatment and ex-gratia received on death due to Covid.
o Extension of time-limit in filing and reporting tax compliances:
– Q4 TDS/ Withholding Tax Return extended from 31 May to 30 June 2021 and further extended to 15 July 2021.
– Issue of Q4 TDS / Withholding Tax Certificates in Form 16 extended from 15 June to 15 July 2021 and further extended to 31 July 2021.
– Linking of PAN with Aadhaar further extended to 30 September 2021
– For other updates in time-lines, please view the circular – CBDT Circular
• Date of Approval – 25 June 2021
• Legal Framework – Income Tax Act, 1961 and relevant Rules thereto
• Government Authority – Central Board of Direct Taxes (CBDT), Ministry of Finance, Government of India• Web-link – CBDT Circular
