Govt. announces a 25% reduction in the TDS rates

Tax Measures

Govt. announces a 25% reduction in the TDS rates starting from tomorrow and to continue till 31st March 2021

Due date of all income-tax return for FY 2019-20 will be extended from 31st July, 2020 & 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October,2020.

Date of assessments getting barred on 30 Sept 2020 extended to 31 Dec 2020 & those getting barred on 31 Mar 2021 will be extended to 30 Sept 2021.

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