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#6 due date extended (PART I)
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Hello Chartered Accountants,
Here are some updates in Income Tax Act :
1. Notification no. 32/2020 income tax - Notifies cost inflation index for FY 2020-2021
2. Notification no. 35/2020 income tax* - Extension of various due date.
*Please Note : This amendment has not been covered under podcast..
--The reduced rate of interest of 9% for delayed payments of taxes, levies etc. specified in the Ordinance shall not be applicable for the payments made after 30th June, 2020. So, please take this into consideration.
-- Also please note that in podcast I have mentioned Chapter VI B, which actually is Chapter VI A -B.
Link ; https://www.incometaxindia.gov.in/communications/notification/notification_35_2020.pdf
My blog : https://stayupdatedchartered.blogspot.com/2020/06/section-115-bbe-section-68-brahmastra.html
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