Monthly Archives: March 2020

You can withdraw 75% of Employees Provident Fund in this pandemic Covid-19

Posted by & filed under Provident Fund - (Notification -Circulars).

 At a press conference on Thursday to unveil the ‘PM Garib Kalyan Package’ to help the poor face the novel coronavirus crisis, Finance Minister Nirmala Sitharaman announced,  “Employees’ Provident Fund Regulations will be amended to include Pandemic as the reason to allow the non-refundable advance of 75 percent of the amount or three months of… Read more »

Covid -19 India Relaxes Income Tax deadlines & penalties

Posted by & filed under Income Tax.

Following are the decisions with respect to statutory and regulatory compliance matters related to various sectors: Income Tax 1.     Extend last date for income tax returns for (FY 18-19) from 31st March 2020  to  30th June 2020. 2.     Aadhaar-PAN linking date to be extended from 31st March 2020 to 30th June 2020. 3.     Vivad se Vishwas scheme – no additional 10%… Read more »