Changes in criteria regarding defining a Micro Company. Investment upto 1Crore, Turnover upto 5 Crore is a Micro Company.
Builders to get more time to complete projects. States advised so that RERA can treat Covid period where you can evoke force mature. Registration and completion date should be extended by 6 months for all registered projects expiring 25 march 2020.
Due date of all return for FY 19-20 extended to 30th November 2020. Tax audit extended from 30th September, 2020 to 31st October,2020.
- Period of Vivad se Vishwas Scheme for making payment without additional amount extended to year end.
- All pending refunds to charitable trusts and noncorporate businesses & professions shall be issued immediately.