Wednesday, April 1, 2020

Govt. brings Ordinance to extend various time limits under Taxation and Benami Acts

In order to give effect to the announcement made the Finance Minister on statutory and regulatory compliance matters across sectors due COVID-19 outbreak, the Govt. has brought in an Ordinance which provides to extension of various time limits under the Taxation and Benami Acts. The Ordinance allow amends section 80G of Income-tax Act to allow 100% deduction if donation made towards PM CARES Fund.

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