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ATM Withdrawal Free


The Union Finance & Corporate Affairs Minister Niramla Sitharaman today announced that Debit Cardholders to withdraw cash for free from any other banks’ ATM for 3 months.

Speaking on several relief measures due to COVID-19 spread, she said there will be waiver of minimum balance fee for the Accounts.

There will be reduced bank charges for digital trade transactions for all trade finance consumers

While addressing the press conference through video conferencing here today, Shrimati Sitharaman announced much-needed relief measures in areas of Income Tax, GST, Customs & Central Excise, Corporate Affairs, Insolvency & Bankruptcy Code (IBC) Fisheries, Banking Sector and Commerce.

The Minister of State for Finance & Corporate Affairs Anurag Singh Thakur was also present besides AB Pandey, Finance Secretary and Atanu Chakraborty, Secretary, Department of Economic Affairs.
On Income Tax extension of  last date for income tax returns for (FY 18-19) from 31March, 2020  to  30June, 2020 announced.
She also announced Aadhaar-PAN linking date to be extended from 31March, 2020 to 30 June, 2020.

Vivad se Vishwas  scheme
 – no additional 10% amount, if payment made by June 30, 2020, she told.

Minister also said due dates for  issue  of notice, intimation, notification, approval order, sanction order, filing of appeal, furnishing of return, statements, applications, reports, any other documents and time limit for completion of proceedings by the authority and any compliance by the taxpayer including investment in saving instruments or investments for roll over benefit of capital gains   under Income Tax Act,  Wealth Tax Act, Prohibition of Benami Property Transaction Act, Black Money Act,  STT law, CTT Law, Equalization Levy law, Vivad Se Vishwas  law  where the time limit is expiring between 20 March 2020  to 29 June 2020 shall be extended to 30th June 2020.  

She said for delayed payments of advanced tax, self-assessment tax,  regular tax, TDS, TCS, equalization levy,  STT, CTT  made between 20 March 2020  and  30 June 2020,  reduced interest rate  at 9%   instead of 12 %/18 % per annum ( i.e. 0.75% per month instead of 1/1.5 percent per month) will be charged  for this period.  No late fee/penalty shall be charged for delay relating to this period.
 
 


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