Re: VSV PAYMENT

sir WE DEPOSIT THE CHALLAN INTO SBI ON 30/03/2021 BUT ITS CLEARED ON 03/04/2021 THEN ITS ACCEPTABLE OR WE SHOULD BE PAID ADDITIONAL AMOUNT.& 2)THE EXTENDED DUE DATE OF PAYMENT IS 30/04/2021 ITS WILL APPLY US.

The earlier notification dated 27 -10 -2010 has been amended  by vide Notification No. 09/2021/ F.No. IT(A)/01/2020-TPL dated 26th February, 2021 by CBDT, the time limit for payment without additional amount is extended to 30 th April 2021 .   The assessee is not liable to pay any interest .  Even otherwise the date of presentation  of cheque  to bank is relevant and not the clearance of the Cheque by the bank . In Hindustan Unilever Ltd. v. Dy. CIT (2010) 38 DTR 91 / 191 Taxman 119 / 325 ITR 102 / (2011) 237 CTR 287 (Bom.)(HC) held that for the purpose of calculation of period of six months the date to be calculated from the date of receipt issued by the national housing bank and not from the date of issue of certificate.  In  Neela S. Karyakarte v. ITO (2016) 176 TTJ 52 (URO) / BCAJ–March–P. 30 (Mum.)(Trib.) Payment by cheque dates back to date of presentation and not date of encashment. (AY. 2005-06)(ITA No. 7548/Mum/2012 dt. 28-8-2015) Bench ‘B’.

 

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