NEW DELHI: The CBDT on Thursday extended the deadline up to December 31 for the Income-tax department to complete the final assessment of about 87,000 entities that made suspicious deposits post-demonetisation.
The existing deadline of September 30 is being “extended” by three months after considering “various difficulties” being reported by the field offices of the department in finalising assessments in OCM (operation clean money) cases, a senior official told PTI.
An order was issued by the Central Board of Direct Taxes (CBDT) on Thursday, setting the new deadline on December 31, the official said. (AGENCIES)
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