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March 24, 2020
1 min read

India Delays Tax Returns

Bengaluru: People filing their Income Tax returns during the inauguration of the 3 day special return receipt counters to facilitate filing of income tax returns of salaried employees and pensioners of Bengaluru city organised by Income Tax Department in Bengaluru, on Aug 29, 2015. (Photo: IANS)
Bengaluru: People filing their Income Tax returns during the inauguration of the 3 day special return receipt counters to facilitate filing of income tax returns of salaried employees and pensioners of Bengaluru city organised by Income Tax Department in Bengaluru, on Aug 29, 2015. (Photo: IANS)
People filing their Income Tax returns (file pic)

Finance Minister Nirmala Sitharaman also said that the government has reduced the interest rate on delayed TDS deposit to 9 per cent from the previous 18 per cent…. reports India Daily News Desk

The Union Finance Ministry on Tuesday extended the deadline for filing income tax returns for the financial year 2018-19 till June 30, 2020 in a bid to provide relief amid the coronavirus crisis.

Addressing the media through video conferencing, Finance Minister Nirmala Sitharaman also said that the government has reduced the interest rate on delayed TDS deposit to 9 per cent from the previous 18 per cent.

The government has also extended the deadline for linking of Aadhaar and PAN till June 30 from the original deadline of March 31.

The relief comes amidst the whole of the country coming to a standstill amid the rising number of coronavirus cases and lockdown across states.

Sitharaman further said that an economic package will be announced soon.

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