As a result of COVID-19, the Indian government has provided an extension for both corporate and individual income tax return deadlines. The original due date to file FY 2019/2020 year-end (March 31) income tax returns has been extended from July 31, 2020 to November 30, 2020. In addition, any interest due on late income tax remittances by employers will be reduced from 1%/1.5% to 0.75%; no penalty or prosecution will be initiated for these late payments.

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