Taxbuzz | The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 April 2, 2020
The Hon’ble Finance Minister vide press release on 24.03.2020, had announced various relief measures taken by the Government of India in the area of statutory compliances under the Income Tax and other allied laws in view of COVID-2019 outbreak. The relief/ measures announced by the Hon’ble Finance Minister have now been promulgated by the President on 31.03.2020, vide “The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020.
The Ordinance, apart from providing relaxation and extension of timelines (elaborately discussed in the earlier TaxBuzz – Key Announcements by Finance Minister in relation to Statutory Income Tax Compliance(s) https://www.vaishlaw.com/tax-buzz-key-announcements-by-finance-minister-in-relation-to-statutory-income-tax-compliances), also provides certain additional clarifications/ reliefs, which has been analysed in our “TaxBuzz”.
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