PIB issued Press Release on Extension of Various time limits under Direct Tax & Benami Laws.

In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19), the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 [the Ordinance] on 31st March, 2020 which, inter alia, extended various time limits. In order to provide further relief to the taxpayers for making various compliance, the Government has issued a Notification on 24th June, 2020. Follows me on Twitter: @PuneetAsija1

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