Direct Tax Major Relief on Income Tax with CA Praveen Sharma

1. Extend last date for income tax returns for (FY 18-19) from 31 March, 2020 to 30 June,
2020.

2. Aadhaar-PAN linking date to be extended from 31 March, 2020 to 30 June, 2020.

3. Vivad se Vishwas scheme – no additional 10% amount, if payment made by June 30, 2020.

4. Due dates for issue of notice, intimation, notification, approval order, sanction order, filing of appeal, furnishing of return, statements, applications, reports, any other documents and time limit for completion of proceedings by the authority and any compliance by the taxpayer
including investment in saving instruments or investments for roll over benefit of capital gains under Income Tax Act, Wealth Tax Act, Prohibition of Benami Property Transaction Act,
Black Money Act, STT law, CTT Law, Equalization Levy law, Vivad Se Vishwas law where
the time limit is expiring between 20 March 2020 to 29 June 2020 shall be extended to 30th
June 2020.

5. For delayed payments of advanced tax, self-assessment tax, regular tax, TDS, TCS,
equalization levy, STT, CTT made between 20th March 2020 and 30 June 2020, reduced
interest rate at 9% instead of 12 %/18 % per annum ( i.e. 0.75% per month instead of 1/1.5
percent per month) will be charged for this period. No late fee/penalty shall be charged for
delay relating to this period.

6. Necessary legal circulars and legislative amendments for giving effect to the aforesaid relief shall be issued in due course.

https://www.youtube.com/channe....l/UCpLA1d2SabkUKkrlz


Follow me on Social Media:

1. Facebook : https://www.facebook.com/tax4wealth
2. Linkedin : https://www.linkedin.com/in/tax4-wealth-4aa2b718b/
3. Twitter : https://twitter.com/tax4wealth
4. Tumblr : https://tax4wealth.tumblr.com/
5. Pinterest : https://in.pinterest.com/tax4wealth/pins/
6. Medium : https://medium.com/@bhartichawla27



Google Play Store
https://play.google.com/store/apps/details?id=com.future.hellotaxindia&hl=en_IN



▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾

➨ Website:https://tax4wealth.com/
➨ Writes to us: tax4wealth@gmail.com
▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾
#directtax
#changesinincometax