India Government Eases Compliance Burden

Encompassing the array of reliefs to the taxpayers, Indian Government has notified the extension of due dates of various tax compliances.

AKGVG & Associates has synopsized the extended due dates announced for ease of understanding as follows:

Note:

1. The reduced rate of interest of 9% for delayed payments of taxes, levies etc. specified in the Ordinance shall not be applicable for the payments made after 30th June, 2020.
2. Date of declaration, passing of order under Vivad Se Vishwas” Scheme stands extended to 31.12.2020.
3. The stated notification shall come into force from the 30.06.2020.