RSM India

Newsflash on Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance 2020

In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and regulatory compliance matters across sectors in view of COVID-19 outbreak, the government has brought in an Ordinance on 31.03.2020 called “The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020”.

This ordinance provides for extension of various time limits under the Taxation and other Acts. It also provides for extension of time limits contained in the Rules or Notification which are prescribed/ issued under these Acts.

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