Extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the Income-tax Act, 1961 ('Act') in view of the then-Covid-19 pandemic.

Extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the Income-tax Act, 1961 ('Act') in view of the then-Covid-19 pandemic. https://www.taxtmi.com/circulars?id=66131 The CBDT extends time for taxpayers to complete investments, deposits, payments, acquisitions, purchases, construction or other actions required to claim exemptions under Sections 54 to 54GB of the Income-tax Act, 1961 where the last date of such compliance fell between 1 April 2021 and 28 February 2022, permitting completion on or before 31 March 2023 under its power under Section 119. en-us Fri, 06 Jan 2023 00:00:00 +0530 Sat, 07 Jan 2023 10:43:00 +0530 TaxTMI RSS Generator Extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the Income-tax Act, 1961 ('Act') in view of the then-Covid-19 pandemic. https://www.taxtmi.com/circulars?id=66131 The CBDT extends time for taxpayers to complete investments, deposits, payments, acquisitions, purchases, construction or other actions required to claim exemptions under Sections 54 to 54GB of the Income-tax Act, 1961 where the last date of such compliance fell between 1 April 2021 and 28 February 2022, permitting completion on or before 31 March 2023 under its power under Section 119. Circulars Income Tax Fri, 06 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66131