CBDT deferred reporting requirements for Clause 30C (GAAR) and Clause 44 (GST details) in Form 3CD 📅 Till 31 March 2021, due to practical difficulties (including COVID-19).

It modifies/clarifies earlier guidelines relating to the Vivad se Vishwas scheme, addressing interpretational issues and procedural aspects to ensure accurate implementation for settlement of pending tax disputes.

It explains the determination of residential status of individuals, especially in situations affected by COVID-19 travel restrictions, ensuring taxpayers are not adversely impacted due to forced stay in India or abroad.

It explains the prescribed electronic payment modes (like digital payment facilities) that certain businesses must provide, and clarifies compliance requirements to promote cashless transactions under the Income Tax Act.

It allows taxpayers to verify previously filed but unverified Income Tax Returns (due to non-submission of ITR-V) for AY 2015–16 to 2019–20 within an extended time, so that such returns can be treated as valid and processed under the Income Tax Act.

It explains the applicability of TDS on large cash withdrawals, including clarification on the proviso (exceptions/relaxations) and identifies cases where TDS may not apply or applies at different rates, ensuring proper compliance by banks and taxpayers.

It provides guidelines for notification and eligibility of Sovereign Wealth Funds and pension funds to claim tax exemption on specified income from investments in India, subject to prescribed conditions and compliance requirements.

It clarifies that no charges should be imposed on customers or merchants for prescribed electronic payment modes (like digital payments), ensuring wider adoption of cashless transactions and compliance with the Income Tax Act provisions.

It clarifies the applicability and interaction of TDS by e-commerce operators and TCS on sale of goods, explaining when each provision applies and avoiding double taxation, along with practical compliance guidelines.

It clarifies procedural and interpretational issues such as eligibility of cases, computation of disputed tax, and treatment of appeals, to ensure smooth implementation of the dispute resolution scheme for settling pending tax litigation.

It empowers tax authorities to condone delays in filing claims such as refunds, exemptions, or reliefs where genuine hardship exists, ensuring taxpayers are not denied benefits due to procedural time limits.

It explains how employers should compute and deduct tax from salaries, including tax rates, exemptions, deductions, reliefs, and reporting requirements, ensuring correct salary TDS compliance for the financial year 2020–21.

It explains procedural issues and eligibility conditions for settling tax disputes, including computation of disputed tax, treatment of appeals, and benefits available to taxpayers opting for the scheme to resolve pending litigation.

It specifies the prescribed limit of remuneration for fund managers under Section 9A, particularly for clause (m) of sub-section (3), ensuring compliance conditions for funds to retain tax benefits.

It explains the determination of residential status of individuals under the Income Tax Act, especially in exceptional situations like travel restrictions due to COVID-19, ensuring that individuals are not unintentionally treated as non-residents or residents due to forced stay changes.

It clarifies issues under Section 10 of the Vivad se Vishwas scheme, mainly regarding settlement of disputes and granting immunity/relief after payment of disputed tax, ensuring proper interpretation and uniform implementation of the scheme.

It explains procedural and interpretational issues under the scheme, especially regarding eligibility, settlement of tax disputes, computation of disputed tax, and benefits available for taxpayers opting to settle pending litigation, ensuring smooth implementation of the dispute resolution mechanism.

It provides relaxation/extension of various income tax compliance deadlines (such as filings and procedural requirements) to reduce hardship faced by taxpayers, mainly due to COVID-19 disruptions, under the Income Tax Act.

It provides guidelines for authorities to accept delayed applications or claims (such as refunds, exemptions, or reliefs) beyond the prescribed time limit in genuine hardship cases, so taxpayers can still receive eligible benefits under the Income Tax Act.

It allows tax authorities to condone delays in filing claims such as refunds, exemptions, or reliefs where genuine hardship is shown, so taxpayers are not denied benefits due to procedural or timing delays under the Income Tax Act.