Circular No~ of2023
F. No. 2251 4912021-ITA-1l
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, dated 06 January, 2023
Subject: 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
The Central Board of Direct Taxes (hereinafter referred to as “the CBDT”) had vide
Circular No. 12 of2021 dated 25.06.2021 provided relaxation in respect of certain compliances
to be made by taxpayers including inter alia investment, deposit, payment, acquisition,
purchase, construction or such other action, by whatever name called. for the purpose of
claiming any exemption under the provisions contained in Section 54 to 54GB orthe Incometax Act, 1961 (hereinafter referred to as “the Act”). By point 7 of the Circular it was provided
that the aforementioned compliances for which the last date of such compliance fell between
01″ April, 2021 to 29′” September 2021 (both days inclusive), may be completed on or before
30′” September, 2021.
In view of the representations received and on further consideration of the thenprevailing COVID-19 pandemic and resultant restrictions imposed, causing genuine hardship
faced by taxpayers in making the aforementioned compliances under the Act, the CBDT, in
exercise of its power under Section 119 of the Act, hereby provides that the compliances to be
made by the taxpayers such as investment, deposit, payment, acquisition, purchase.
construction or such other action, by whatever name called, for the purpose of claiming any
exemption under the provisions contained in Section 54 to 54 OB of the Act, for which the last
date of such compliance falls between 01″ April, 2021 to 28th February, 2022 (both days
inclusive), may be completed on or before 31 51 March 2023.
Diredor to the Government of India.
I. PS to F.M.I PS to MoS (F).
2. PS to Revenue Secretary.
3. Chairman (CBDT)& All Members of CBDT.
4. All Pro CCsIT/CCsITIPr. DGsITIDGsIT.
5. All Joint Secretaries/CsIT, CBDT.
6. DirectorslDeputy SecretarieslUnder Secretaries ofCBDT.
7. Web Manager, with a request to place the order on official Income-tax website.
8. CIT (M&TP), Official Spokesperson ofCBDT with a request to publicize widely.
9. lCIT, Data Base Cell for placing it on irsofficersonline.gov.in.
10. The Institute of Chartered Accountants of India, IP Estate, New Delhi.
II. All Chambers of Commerce.
12. The Guard File.
~ . 0& IQ 1\’l.o”2-S . (Ravmder MaID )
Director to the Government of India.