On 24 March 2020, the Finance Minister Nirmala Sitharaman announced some tax measures that include tax relief in response to the coronavirus (COVID-19) pandemic.

  • The extension of income tax return deadline for the 2018-2019 tax year to 30 June 2020 (extended from 31 March 2020)
  • Reduction of interest rate for certain tax payments made by 30 June 2020, and a waiver of late-filing penalties
  • Extension of the date for certain tax procedural actions, generally postponed to 30 June 2020
  • A new tax dispute resolution scheme, allowing an option to settle tax when a percentage is paid by 31 March 2020