Skip to main content

Posts

Showing posts from March, 2020

FM Nirmala Sitharaman Announcements today #ClickHere

Keeping in mind the COVID-19 Crisis FM Nirmala Sitharaman made a press conference on Compliances today:  *1. INCOME TAX* - Last date of filing Income Tax Return FY 2018-19 increased to 30.06.2020 - Interest Rate delayed payment reduced from 12% to 9% - Delayed deposit of TDS interest rate 9% till 30.06.2020 *2. Due date extended to 30.06.2020* - Aadhar- Pan Linking - Vivad se Vishwas Scheme - Sanction/Appeal/ Certificate/ Order/ Application etc including Investment in Saving Scheme, Capital Gain, Prohibition of Benami, Benami Law where due dates between 20th March to 29th June : All extended to 30th June *3. GST* - Last date of March, April and May of GST Return filing extended to 30.06.2020 - Companies less than 5 Crore : No late fees, interest, penalty - Companies more than 5 Crore : No late fees, penalty; Interest leviable at 9%  - Composition Scheme Option avail upto 30.06 *4. Customs and Central Excise* - Sabka Vishwas extended to 30.06.2020 - Customs Clearance will work ...