<p>Finance Minister <a href="https://www.deccanherald.com/tag/nirmala-sitharaman">Nirmala Sitharaman</a> on Tuesday announced some relief to Indian citizens in view of the coronavirus outbreak. Sitharaman asserted that there is no move to impose ‘financial emergency in the country.</p>.<p>The Finance Minister also announced an extension of deadline for ITR filing and Aadhaar-PAN linking to June 30, 2020.<br />Here are key takeaways from Finance Nirmala Sitharaman’s press conference:</p>.<p>1) Last date to file <a href="https://www.deccanherald.com/tag/income-tax">Income Tax</a> returns (I-T return) for FY18-19 extended to June 30, 2020.<br />2) Due date for issue of notice for all laws linked to duty compliance extended till June 30<br />3) Very close to coming out with economic package to deal with <a href="https://www.deccanherald.com/tag/coronavirus">coronavirus</a> crisis<br />4) For delayed deposit of TDS, interest has been reduced to 9 % from 18%.</p>.<p><strong><a href="https://www.deccanherald.com/business/markets-live-no-move-to-impose-financial-emergency-last-date-for-filing-gst-returns-extended-says-fm-817037.html">For latest updates on Markets live, click here</a></strong></p>.<p><strong>Follow Market updates live here</strong></p>.<p>5) No move to impose ‘financial emergency’ as was claimed by some reports.<br />6) All compliances under Income Tax Act, Wealth Tax Act, Benami Transaction Act, Black Money Act, Vivaad se Vishwaas, have been extended to June 30, 2020.<br />7) Aadhaar-PAN linking extended to June 30, 2020 from March 31, 2020.<br />8) For delayed deposit of TDS, interest has been reduced to 9 % from 18%<br />9) Payment date under the ‘Sabka Vishwas’ scheme, which was for settling disputes in the indirect tax regime, has been extended till June 30, 2020.<br />10) No interest, no penalty and no late fee on GST will be charged for companies with a turnover of less than Rs 5 crore.</p>.<p><a href="https://www.deccanherald.com/national/coronavirus-live-updates-tibetan-refugee-dies-in-himachal-pradesh-indias-death-toll-rises-to-9-799686.html"><strong>For latest updates on coronavirus outbreak, click here</strong></a></p>
<p>Finance Minister <a href="https://www.deccanherald.com/tag/nirmala-sitharaman">Nirmala Sitharaman</a> on Tuesday announced some relief to Indian citizens in view of the coronavirus outbreak. Sitharaman asserted that there is no move to impose ‘financial emergency in the country.</p>.<p>The Finance Minister also announced an extension of deadline for ITR filing and Aadhaar-PAN linking to June 30, 2020.<br />Here are key takeaways from Finance Nirmala Sitharaman’s press conference:</p>.<p>1) Last date to file <a href="https://www.deccanherald.com/tag/income-tax">Income Tax</a> returns (I-T return) for FY18-19 extended to June 30, 2020.<br />2) Due date for issue of notice for all laws linked to duty compliance extended till June 30<br />3) Very close to coming out with economic package to deal with <a href="https://www.deccanherald.com/tag/coronavirus">coronavirus</a> crisis<br />4) For delayed deposit of TDS, interest has been reduced to 9 % from 18%.</p>.<p><strong><a href="https://www.deccanherald.com/business/markets-live-no-move-to-impose-financial-emergency-last-date-for-filing-gst-returns-extended-says-fm-817037.html">For latest updates on Markets live, click here</a></strong></p>.<p><strong>Follow Market updates live here</strong></p>.<p>5) No move to impose ‘financial emergency’ as was claimed by some reports.<br />6) All compliances under Income Tax Act, Wealth Tax Act, Benami Transaction Act, Black Money Act, Vivaad se Vishwaas, have been extended to June 30, 2020.<br />7) Aadhaar-PAN linking extended to June 30, 2020 from March 31, 2020.<br />8) For delayed deposit of TDS, interest has been reduced to 9 % from 18%<br />9) Payment date under the ‘Sabka Vishwas’ scheme, which was for settling disputes in the indirect tax regime, has been extended till June 30, 2020.<br />10) No interest, no penalty and no late fee on GST will be charged for companies with a turnover of less than Rs 5 crore.</p>.<p><a href="https://www.deccanherald.com/national/coronavirus-live-updates-tibetan-refugee-dies-in-himachal-pradesh-indias-death-toll-rises-to-9-799686.html"><strong>For latest updates on coronavirus outbreak, click here</strong></a></p>