Tax settlement: Date for submission of application extended : The Tribune India

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Tax settlement: Date for submission of application extended



Ludhiana, April 23

Keeping the current Covid-19 situation in view, the date of submission of the application under the one-time settlement (OTS) will be extended. The assessing authorities of the state will also be directed not to proceed for assessment in any case till May 15, 2021.

BR Kaushal, Secretary General, Punjab Taxation Bar Association, in a press release, today said the issue was discussed with the Commissioner (State taxes) recently.

Earlier, these details were to be filed till April 30. These details include filling application under the OTS and rapid proceeding by the designated officers for framing assessments under the PVTA 2005 and CST Act, 1956, for the years 2014-15, 2015-16, 2016-17 and first quarter of 2017-18. — TNS


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