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Monday, December 23, 2024 | 02:08 AM ISTEN Hindi

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You can claim 100% tax deduction on donation towards PM CARES Fund

The government has provided tax relief and extensions in deadlines for statutory compliances

tax, cash, fund, returns, savings, investment, investors, rupee,
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An individual can withdraw up to 75 per cent of the amount in his PF account or an amount equal to three months of basic wages and dearness allowance (if any), whichever is lower

Homi Mistry
The Covid-19 crisis has impacted not just India but the entire global economy. Amid this global economic downturn and with countries under lockdown, people are trying their best to handle work and other responsibilities from home. To offer them support in this scenario, the government has provided tax relief and extensions in deadlines for statutory compliances.

Extension of due dates: The due date to file a belated return and a revised return for Financial Year (FY) 2018-19 has been extended from March 31, 2020 to June 30, 2020. Accordingly, an individual taxpayer who has not filed his income tax return

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