President gives assent to Taxation and Other Laws bill

The bill, which now becomes an Act, was issued as an ordinance on March 31, 2020, to defer compliance deadlines for direct and indirect taxes amid the Covid-19 pandemic. Time limits for compliances and statutory actions by taxpayers between March and June 2020 because of the pandemic have been extended. All compliances have been extended till September end.

from Personal Finance News-Wealth-Economic Times https://ift.tt/30mljln