Form 56FF – Income Tax

Last Updated at: Oct 30, 2020
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The Indian Parliament has recently passed a bill to amend taxation laws. The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill 2020 will replace the Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020, promulgated in March. Among other provisions, it proposes to amend the Direct Tax Vivad se Viswas Act, 2020 to extend the date for payment without additional penalty and interest to 31st December 2020.

 

As per the Income Tax Act, 1961, Form 56FF is filed with details about reinvestment allowance reserve accounts in special economic zones.  

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Form 56FF