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Showing posts with the label income tax updates

FM Announcement amid Corona Virus Lockdown

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  *Income Tax Related Matters* 1.FY 18-19 Income Return Filing is extended to 30.06.2020. Interest for late payment shall be 9% on tax payment  2. No extension for TDS Payment and interest on delay of TDS payment will be 9% instead of 18%.  3.Notice filing and Compliance extended to 30.06.2020 4.Adhar pan Linking Date extended to 30.06.2020  5.Vivad Se avishwas Scheme extended to 30.06.2020, only 100% tax payment required if payment is made before 30.06.2020  6.Issue of Notice for Intimation and other Statutory Compliance’s related to Litigation and Return Filing by the Tax Payer shall be complied by 30.06.2020. Same is extended for Appeal filing at Various Levels. Taxpayer now will have time to submit the Compliance’s for the Various notices issued by Income Tax Departments.  7.Capital Gain Investment and Investment in Tax Saving extended till 30th June 2020. *GST* 1.Last date for filing gst returns for March, April and May and Comp...