Taxation Bill passes in Lok Sabha
Funds Instructor21 Sep, 2020Finance
On Saturday, due to the pandemic of COVID-19, the Lok Sabha passed a taxation bill that seeks to provide various reliefs that include extending deadlines for filing returns, and for linking PAN and Aadhaar to taxpayers. The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, will replace the Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020, promulgated in March.
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