Breaking down the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
Considering the current economic and socio conditions prevailing not only in India, but across the world, the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (“the Ordinance”) was promulgated in March, 2020 to provide certain relaxations in the provisions of the specified acts with respect to the time limits, compliances, waiving of penalties etc. In this post, the author highlights the main features of the Act.