To extend relief to most people due to the current coronavirus -led lockdown across the country, FM announces relief on income tax related compliance.
-The last date for filing return for FY 2018-19 will now stand extended to June 30, 2020. Interest rate for delayed payment has been also cut from 12% to 9%.
- Interest rate for delayed deposit in TDS will now be slashed for FY 2018-19 from 18% to 19%.
-Aadhaar, PAN linking extended to June 30,2020, Previously the linking was to be done by March 31, 2020
-Vivad Se Vishwas scheme has been extended to June 30, 2020 plus the additional charge of 10% has been withdrawn that would have otherwise applied from April1, 2020 to June.
- Other dates for income tax notices, filings have been extended to June 30, 2020.