- 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
SEBI- Measures to further facilitate fund raising from capital markets in the backdrop of COVID-19 pandemic
In the wake of challenges for the Indian economy arising out of the Covid-19 pandemic and with a view to improving access to funding to the corporates through capital markets, SEBI has decided to grant certain temporary relaxations from the regulatory provisions related to rights/ public issuances by listed entities. Rights Issues 1. Fast track Rights issuances Towards expanding the universe of listed entities for the purpose of fast track rights issuances, SEBI has relaxed the following conditions: The eligibility requirement of average market capitalisation of public shareholding of INR 250 crores has been reduced to INR 100 crores. The requirement related to period of listing of equity shares of the issuer for at least three years has been reduced to listing for eighteen months only. The condition related to no audit qualifications on issuer’s audited accounts has been replaced with the requirement to disclose the impact of audit qualifications on issuer
Comments
Post a Comment