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.
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