Sources from New delhi stated that Union Finance minister nirmala sitharaman and MoS (Finance & corporate Affairs) anurag thakur on tuesday addressed a press conference on various statutory and regulatory compliance issues. Giving relief to citizens unable to meet deadlines due to coronavirus outbreak, the Finance minister said the last date for filing of income tax return for FY2018-19 has been extended to june 30.
Also, interest rate on delayed payment has been cut to 9 per cent from 12 per cent, she told reporters here. The government has also extended the last date for linking PAN with unique biometric ID Aadhaar to june 30 from march 31. Giving details of the extension of dates to help citizen cope with the lockdown, she said the Vivad se vishwas tax dispute resolution scheme has been extended by three months to june 30. Those availing the scheme by the extended deadline will not have to pay 10 per cent interest on the principal amount.
Also, due dates for issuing various notices under the Income Tax Act have also been extended.Those availing the scheme by the extended deadline will not have to pay 10 per cent interest on the principal amount.