The coronavirus outbreak could not have come at a worse time. It is the month of March and there are many financial deadlines that fall in this month. These include filing of belated tax return, revised tax return, linking of PAN and Aadhaar and Vivad se Vishwas scheme etc.
All over the country, cities have partially locked down and people are working from home – this is because people have been told to avoid crowded places.
The question now arises: will the government extend some of these financial deadlines?
Further, the Income Tax Employees Federation and Income Tax Gazetted Officers Association have written to the chairman of the Central Board of Direct Taxes (CBDT) to extend the financial year from March 31 to April 30 for FY 2019-20.
Here is a look at some of these deadlines and why people are appealing to the government to extend them.
Taxpayers who want to settle income tax disputes under the Vivad se Vishwas Scheme will not have to pay any penalty and interest, if the…
