SNR – Income Tax Update
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19), the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 [the Ordinance] on 31st March, 2020 which, inter alia, extended various time limits.
Now, to provide further relief to the taxpayers for making Income Tax related compliances, the Government has further extended various timelines as given below by way of CBDT Notification No. 35/2020 dated 24th June 2020:
|