Tax relief for industries affected by Coronavirus
Tuesday, July 15, 2025
  • Careers
  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services
Janam TV English
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Sports
  • Entertainment
  • ‌
    • Travel
    • Lifestyle
    • Auto
    • Podcast
    • Guest Column
No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Sports
  • Entertainment
  • ‌
    • Travel
    • Lifestyle
    • Auto
    • Podcast
    • Guest Column
No Result
View All Result
Janam TV English
No Result
View All Result
  • News
  • Business
  • Defence
  • Health
Home News

Tax relief for industries affected by Coronavirus

by Janam Web Desk
Mar 16, 2021, 12:02 pm IST
in News, India

In view of the challenges faced by taxpayers due to the outbreak of Corona Virus, the Government of India has taken several taxation measures to extend tax exemptions received by the industries.

Here are the 7 tax relief measures taken by the Government for the industries affected by Coronavirus:

1)      Extension of various time limits for compliances and statutory actions under the taxation laws, vide the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020

2)      The TDS rates for specified non-salaries payments to residents and specified TCS rates by 25 per cent of the specified rates from 14.05.2020 to 31.03.2021.

3)      Interest for delay in payment of income-tax (e.g. advance tax, TDS, TCS), Equalization Levy, Securities Transaction Tax (STT), Commodities Transaction Tax (CTT) due for payment from 20.03.2020 to 29.06.2020 to be charged at reduced rate of 9% per annum (0.75% per month), if the payment is paid by 30.06.2020.

4)      Issuance of corporate tax refunds of Rs. 1,27,534 crore in 2,19,050 cases between 1 April 2020 to 28 February 2021.

5)      Extension of Period of Vivad se Vishwas Scheme for making payment without additional amount to 30.04.2021.

6)      Extension of date of commencement of operation for the SEZ units for claiming deduction under section 10AA of the Act to 30th September 2020 for the units which have received necessary approval by 31st March, 2020.

7)      The date for making investment/construction /purchase/deduction for F.Y. 2019-20 in respect of capital gains under sections 54 to 54GB of the Act was extended to 30th September, 2020.

Tags: MAINFEATUREDCorona virusGovernment of Indiataxpayerstax reliefIndustries
Share1TweetSendShareSendShare

Related News

Kerala

Maoist attack in Wayanad: Police register case under UAPA

Kerala

Members of a pro-CPI(M) organization boycotts election and goes vacationing to protest against policies of left government

India

ABVP submits memorandum to RBI governor demanding strict action against unlawful freezing of Bihar State Universities’ Bank Accounts

Latest News

Weapons spotted in a vehicle used for election campaign of CPI(M)’s Alathur candidate K Radhakrishnan

ABVP writes to NBEMS Chairperson demanding reduction in GPAT-2024 application fee

Congress helped PFI and received their support in return; Communists are vying for PFI support: Says Amit Shah in Alappuzha

Police remove boards welcoming BJP leader K Annamalai to Wayanad

Maoists order locals in a village at Wayanad to boycott the election

Sandeshkhali horror: ABVP sends 6-point memorandum to President Murmu, demands deployment of central forces at Sandeshkhali

Ex-serviceman, whose leg was chopped off by CPI(M), campaigns for Alappuzha NDA candidate Shoba Surendran

Surendran says there is conspiracy behind police action to block image of Lord Ram during Thrissur Pooram

  • Careers
  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services

© Janam Multimedia Limited

No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Sports
  • Entertainment
  • ‌
    • Travel
    • Lifestyle
    • Auto
    • Podcast
    • Guest Column

© Janam Multimedia Limited