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Govt promulgates Ordinance to extend deadline for filing Income Tax returns
April, 06th 2020

The 'Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020', which got assent of the President on Tuesday, also amends a provision in the Income Tax Act to allow 100 per cent deduction on donations to the PM-CARES Fund. "The lim...

"The limit on deduction of 10 per cent of gross income shall also not be applicable for donation made to PM-CARES Fund," an official statement said. With the promulgation of the Ordinance, the last date for filing income tax returns for 2018-19 as w...

"The limit on deduction of 10 per cent of gross income shall also not be applicable for donation made to PM-CARES Fund," an official statement said. With the promulgation of the Ordinance, the last date for filing income tax returns for 2018-19 as w...

The date for making various investment and payment for claiming deduction under Chapter-VIA-B of IT Act, which includes Section 80C (LIC, PPF, NSC etc.), 80D (Mediclaim), 80G (Donations), has also been extended to June 30. Hence, the investment and p...

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