New Delhi , Mar 24
Giving relief to citizens unable to meet deadlines due to coronavirus outbreak, Finance Minister Nirmala Sitharaman on Tuesday said the last date for filing of income tax return for FY2018-19 has been extended to June 30.Also, interest rate on delayed payment has been cut to 9 per cent from 12 per cent, she told reporters here.The government has also extended the last date for linking PAN with unique biometric ID Aadhaar to June 30 from March 31.Giving details of the extension of dates to help citizen cope with the lockdown, she said the Vivad se Vishwas tax dispute resolution scheme has been extended by three months to June 30. Those availing the scheme by the extended deadline will not have to pay 10 per cent interest on the principal amount.Also, due dates for issuing various notices under the Income Tax Act have also been extended.Sitharaman also waived minimum bank charges for savings bank accounts to help citizens deal with the lockdown due to the coronavirus crisis.Also, free of charge cash withdrawal from any other bank ATM allowed for debit cardholders for 3 months, she said. Finance Minister Nirmala Sitharaman on Tuesday said regulators and her ministry are monitoring developments and volatility in stock markets.She said the developments on stock markets are monitored thrice a day.The government is working on an economic package to deal with the hardships caused by the lockdown to control the coronavirus crisis and the same will be announced soon, she said adding different sub-groups have held sectoral discussions.
