Lok Sabha Passes Taxation Bill To Provide Reliefs For Taxpayers

1,395

New Delhi, September 21: Lok Sabha had passed a taxation bill that seeks to provide various reliefs in terms of compliance requirements for taxpayers amid the coronavirus pandemic, which include extending deadlines for filing returns and for linking PAN and Aadhaar.

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.