Important Announcements by FM today on 24.03.20 at 2.30 pm:
A. Income Tax:
1. The last date for filing the delayed Income tax returns for the F.Y.18-19 A.Y.19-20 has been extended from 31.03.2020.
2. Interest u/s 234A @ 9% p.a. for the extended period..
3 Interest for the delay in deposit of TDS @ 9% instead of 18% p.a.
4. Aadhar linking with PAN extended till 30.06.2020.
5. The last date for making tax saving Investments u/s 80C for F.Y.19-20 also extended from 31.03.20 to 30.06.20.
6. Vivad Scheme extended till 30.06.2020 without additional 10% payment..
2. GST, Customs & Excise:
1. GST returns for March, April & May,20 have been extended till 30.06.20.
2. No interest, penalty or late fees under GST for small taxpayers having turnover upto 5 cr.
But persons having turnover exceeding 5 cr. will pay interest @ 9% pa but no penalty or late fees.
3. The last date for
Sab ka Vishwas Scheme for settlement of Disputes extended from 31.03.20 to 30.06.20.
4. Customs Dept will work 24x7 till 30.06.20 for customs clearance..
Caro,2020 to be applicable from next year i.e. F.Y.20-21 instead of F.Y.19-20.
C. Company Law:
No late fees under Company Law for additional 60 days till 30.09.20.
D. General:
1. No charges for using ATM of any Bank upto 30.06.20
2. No minimum balance charges upto 30.06.20.
3. Reduction in Bank Digital transaction charges...
A. Income Tax:
1. The last date for filing the delayed Income tax returns for the F.Y.18-19 A.Y.19-20 has been extended from 31.03.2020.
2. Interest u/s 234A @ 9% p.a. for the extended period..
3 Interest for the delay in deposit of TDS @ 9% instead of 18% p.a.
4. Aadhar linking with PAN extended till 30.06.2020.
5. The last date for making tax saving Investments u/s 80C for F.Y.19-20 also extended from 31.03.20 to 30.06.20.
6. Vivad Scheme extended till 30.06.2020 without additional 10% payment..
2. GST, Customs & Excise:
1. GST returns for March, April & May,20 have been extended till 30.06.20.
2. No interest, penalty or late fees under GST for small taxpayers having turnover upto 5 cr.
But persons having turnover exceeding 5 cr. will pay interest @ 9% pa but no penalty or late fees.
3. The last date for
Sab ka Vishwas Scheme for settlement of Disputes extended from 31.03.20 to 30.06.20.
4. Customs Dept will work 24x7 till 30.06.20 for customs clearance..
Caro,2020 to be applicable from next year i.e. F.Y.20-21 instead of F.Y.19-20.
C. Company Law:
No late fees under Company Law for additional 60 days till 30.09.20.
D. General:
1. No charges for using ATM of any Bank upto 30.06.20
2. No minimum balance charges upto 30.06.20.
3. Reduction in Bank Digital transaction charges...
