- Extend last date for income tax returns for (FY 18-19) from 31st March 2020 to 30th June 2020.
- Aadhaar-PAN linking date to be extended from 31st March 2020 to 30th June, 2020.2.
- Vivad se Vishwas Scheme – no additional 10% amount, if payment made by June 30, 2020.
- Due dates
for issue of notice, intimation, notification, approval
order, sanction order, filing of appeal, furnishing of return, statements,
applications, reports, any other documents and time limit for completion of
proceedings by the authority and any compliance by the taxpayer including
investment in saving instruments or investments for roll over benefit of
capital gains under Income Tax
Act, Wealth Tax Act, Prohibition of
Benami Property Transaction Act, Black Money Act, STT law, CTT Law, Equalization Levy law,
Vivad Se Vishwas law where the time limit is expiring
between 20th March 2020 to 29th June
2020 shall be extended to 30th June 2020.
- For delayed payments of advanced tax, self-assessment tax, regular tax, TDS, TCS, equalization levy, STT, CTT made between 20th March 2020 and 30th June 2020, reduced interest rate at 9% instead of 12 %/18 % per annum ( i.e. 0.75% per month instead of 1/1.5 percent per month) will be charged for this period. No late fee/penalty shall be charged for delay relating to this period. Press Release 24Mar2020
Consolidated guidelines issued by Ministry of Home Affairs for containment of COVID-19 in the country
The Ministry of Home Affairs has issued consolidated guidelines on the measures to be taken for containment of COVID-19 in the country. Guidelines have been issued on below subjects: - List of Activities to remain prohibited 3rd May, 2020 Operation of guidelines in Hotspots and containment zones List of Select permitted activities allowed with effect from 20th April, 2020 Strict enforcement of the lockdown guidelines All health services to remain functional Agriculture & related activities Functional areas in Financial sector Social sector Online teaching MNREGA workers Public utilities Movement of goods Supply of essential commodities Private Establishments Industrial Establishments Construction activities Movement of people Government offices Persons to remain under mandatory quarantine Lockdown instructions Penal provisions To view, the guidelines in detail, kindly click on below link Ministry of Home Affairs- Order
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