Lockdown 4.0, Implications

             India will enter into the fourth phase of lockdown from May 18 but with a different set of rules and guidelines as was issued by the Home Ministry on Sunday. While several relaxations have been allowed, including inter-state movement of passenger vehicles and buses and opening of sports complexes and stadiums, schools, malls and restaurants would remain shut and suspension of flight and metro services would remain in force till May 31.

Hotels, restaurants, cinema halls, malls, swimming pools, gyms will also remain shut. The MHA said inter-state movement of passenger vehicles, buses would be allowed with mutual consent of states. States and Union Territories have been given the powers for delineation of Red, Green and Orange Zones as per the COVID-19 situation, the MHA said.

The 54-day curfew in India, owing to the rising number of coronavirus cases across the country, was first imposed for 21 days starting March 25 and then extended from April 15 and May 4.

Due Dates Of Filing All Income Tax Returns For F.Y. 2019-20 Extended.

    The Central Government has extended the all due dates of all Income Tax Returns for the Financial Year 2019-20 amid COVID-19 outbreak.  

    Due date of all income-tax return for FY 2019-20 will be extended from 31st July, 2020 & 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October, 2020. 

The Finance Minister Nirmala Sitharaman also said that, All pending refunds to charitable trusts and noncorporate businesses & professions including proprietorship, partnership, LLP, and Co-operatives shall be issued immediately. 

The Date of assessments getting barred on 30th September, 2020 extended to 31st December, 2020 and those getting barred on 31st March, 2021 will be extended to 30th September, 2021. 

The Period of Vivad se Vishwas Scheme for making payment without an additional amount will be extended to 31st December, 2020.