Top Ad 728x90

Tuesday, March 24, 2020

Comprehensive Announcement on relief for Statutory Compliance Regulations by Hon’ble Finance Minister

Comprehensive Announcement on relief for Statutory Compliance Regulations by Hon’ble Finance Minister on 24/03/2020 at 2.24 PM

Income Tax

VIVAD SE VISHWAS SCHEME – Date extended to 30th June, 2020 from 31st March, 2020. No 10% additional charge will be levied for all applications made till this date.

Investment benefits under income tax act, capital gains reinvestments, Chapter VI-A deposit benefits to be extended to 30th June, 2020 (from 31st March, 2020)

Income Tax Returns


Income Tax Returns last date for FY 2018-19 (AY 2019-20) extended to 30th June, 2020

Delayed payments till 30th June, 2020 - Interest reduced from 12% to 9% (AY 2019-20)

TDS
No extension of TDS date. But on delayed deposit of TDS, reduced interest of 9% will be charged

Aadhar PAN linking date

Aadhar PAN linking date extended to 30th June, 2020 from 31st March, 2020

Due Dates For Issue of Notice, Intimation, Filing of Appeal, Furnish Returns, Sanctions, Applications and other compliances by Tax Payers also extended to 30th June, 2020

GST

Last date to file GST returns extended to 30th June, 2020 for March, April & May. Specific staggered dates will be intimated

No Late Fee, No Penalty for companies having turnover of less than Rs.5 crore

Date for opting for composition scheme extended to 30th June, 2020.

0 comments:

Popular Posts Last ONE Week

Top Ad 728x90