TDS/TCS rates (except salary) will be reduced by 25% from tomorrow till 31st March, 2021. Eg. for Professionals the tax rate u/s.194J was 10%, which will be reduced to 7.50%.

All pending refunds shall be issued immediately.

Due date of all Income Tax Returns due date extended to 30th November, 2020.

Tax Audit due date extended to 31st October, 2020.

Assessment getting barred on 30-09-2020 is extended to 31-12-2020 and assessment getting time barred on 31-03-2021 is extended to 30-09-2021.

Vivad se viswas scheme is extended till 31-12-2020 without any additional fees