Highlights from Income Tax
| Broad Category | Measures | Details |
|---|---|---|
| Due Date | Extension of due date for Income Tax Return filing | Extend last date for income tax returns for (FY 18-19) from 31 Mar 2020 to 30 June 2020. |
| Due Date | Extension of due date linking Pan-Aadhar | Aadhaar-PAN linking date to be extended from 31 Mar 2020 to 30 Jun 2020 |
| Due Date | Vivad se Vishwas Scheme | No additional 10% amount, if payment made by June 30, 2020 |
| Due Date | Extension of due date for issue of notice, intimation, notification, approval order, sanction order, filing of appeal, etc. | Expiry date for issue of notice, intimation, notification, approval order, sanction order, filing of appeal, etc. where the time limit is expiring between 20 Mar 2020 to 29 Jun 2020 shall be extended to 30 Jun 2020. |
| Pecuniary Action | Reduced rate of interest on advance tax, self-assessment tax, TDS, TCS, etc. and no late/penalty fees. | For delayed payments of advanced tax, self-assessment tax, regular tax, TDS, TCS, equalization levy, STT, CTT made between 20 Mar 2020 and 30 June 2020, reduced interest rate at 9% instead of 12 %/18 % per annum will be charged for this period. No late fee/penalty shall be charged for delay relating to this period |
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