The option to file returns with fine after deadline has been withdrawn
Keeping in view the ongoing crisis due to COVID pandemic and to facilitate the taxpayers, no significant change has been made to the ITR Forms in comparison to the last year's ITR Forms.
Along with this, date for issue of equalisation levy statement has also been extended to April 30.
The I-T department had sought details from KIIFB on the contractors, projects implemented in the last five years, amount handed over to contractors and tax details, among others.
For an expenditure to be considered for reducing tax liability, it must have been incurred by the end of the financial year for which the tax calculation is being done.
The officials said the searches are part of a tax evasion probe and conducted at about 20 locations in Mumbai and Pune.
Besides the IT department, Vadra is being investigated by the Enforcement Department under the provisions of PMLA pertaining to allegations of money laundering in the purchase of a London-based property worth 1.9 million pound.
The deadline for companies and individuals who need to get their accounts audited too have been extended by 15 days till February 15.
The questioning which began at the ED sub-zonal office in Kozhikode at 10 am on Tuesday got over late in the night.
Though direct checks have been completed, detailed examination of the documents would continue and this would take about two months.