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Govt extends income tax compliance, PAN-Aadhaar linking deadlines

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NEW DELHI: The government on Friday extended several deadlines for income tax compliances in wake of the Covid-19 pandemic.
Deadline for mandatory linking of Aadhaar with permanent account number (PAN) has been extended for a further period of three months till September 30.
The Centre had already extended the deadline several times in the past as well in view of the challenges faced by the people due to coronavirus pandemic.
Earlier this year, the deadline was extended from March 31 till June 30.
Revised tax compliance deadlines are as follows:
* Time to invest in residential house, for tax deduction extension for more than three months, investments required to be made on or after April 1 can now be made up to September 30.
* The payment deadline for Vivad Se Vishwas direct tax dispute resolution scheme has been extended by two months till August 31.
* However, taxpayers can make payments till October 31 with additional amount of interest.
* The last date for employers to furnish tax deducted at source (TDS) certificate in Form 16 to employees has been extended till from July 15 to July 31.

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