Central Govt allows 100% tax rebate for contributions to PM-CARES. A new ordinance, Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020, was issued. The new initiative brings tax treatment in par with the PM National Relief Fund. The first step towards FM’s slew of relief measures to combat COVID -19. Relief includes an extension of GST returns filing, Aadhar-PAN linkage till June 30. A reduced interest rate of 9% down from 18%. Extension of the last date for filing delayed ITR for FY19 to June 30.
