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India: Tax relief measures (COVID-19)

India: Tax relief measures (COVID-19)

Legislation—the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020—includes tax relief provisions as a response to the economic conditions resulting from the coronavirus (COVID-19) pandemic.

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Among the tax relief provisions in the legislation are the following items:

  • Extensions of time to make payments of direct tax arising during the period from 31 March 2020 to 30 June 2020, without additions to tax if paid on or before 30 June 2020 (similar relief is provided with regard to indirect taxes)
  • Additional time to comply with requirements when the specified time for the action falls during the period 20 March 2020 to 29 June 2020 (or after 29 June 2020, if the government has provided notice of additional time)

The Finance Minister previously, in March 2020, announced several tax relief measures, and at that time, it was indicated that legal circulars and legislative amendments needed to give effect to the tax relief would be issued subsequently. Read TaxNewsFlash

Read an April 2020 report [PDF 264 KB] prepared by the KPMG member firm in India

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