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Vishnu Daya & Co LLP > NewsletterAlerts (Page 26)

Due Date for payment of advance tax is 15th June 2020

This is to bring to your kind attention that the due date for payment of first installment of advance tax (15%) for the financial year 2020-21 is 15.06.2020. Kindly take necessary actions to make the payment within the due date. It is to be noted that though Government of India has announced series of relief measures due to COVID- 19, there is no change in timeline for payment of tax. However, reduced interest rate 0.75% per month or part thereof would be applicable for delay in deposit of tax (instead of 1%) per month or part thereof for payment of taxes...

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Changes in Statutory compliances during COVID-19

While businesses are responding to the stress caused by the coronavirus pandemic, it is of paramount importance to keep abreast of changes to the tax laws and the relief measures announced by the Government to help people and businesses navigate through the challenging times. Union and State Governments have recently announced a slew of relief measures to dispel the gloom caused by COVID-19, which has brought the business world to a grinding halt. We have made our best efforts to communicate the changes in statutory regulations as and when the government announces relief measures. In this article we are trying to...

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