Amid COVID-19 outbreak, the Finance Minister held a press conference to announce various measures to address the concerns relating to statutory and regulatory compliance. To give effect to such announcement, the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 has been promulgated by the President of India. In this article, we have tried to explain all the impact of this Ordinance and the revised due dates for most common compliances.
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