In times as challenging like these, Governments can play a key role in protecting economies and the various Indian Ministries have come together to provide solace to the masses in their own ways. We will now be witnessing an extension in the due date of filing tax returns, a reduced interest rate on delayed payment of taxes, relief in compliances under the Companies Act, 2013, extension of due dates by SEBI and other relaxations that are bound to have a positive impact on the economy. Please refer to the attached document to deep dive into the varied kinds of relief that the Indian Government has provided.
This material and the information contained herein prepared by Algo Legal is intended to provide general information on a subject or subjects and is not an exhaustive treatment of such subject(s). Algo Legal is not, by means of this material, rendering professional advice or services. The information is not intended to be relied upon as the sole basis for any decision. Algo Legal shall not be responsible for any loss whatsoever sustained by any person who relies on this material.