FM announced on income tax, customs, the Insolvency and Bankruptcy Code (IBC)-related matters, bank-related compliances, fisheries.

On Mar 24, 2020

1.Companies with less than Rs 5 crore turnover, no penalty or interest will be charged. For over Rs 5 crore (bigger companies), interest at a reduced rate of 9% will be charged.
2. The last date for income tax filing for FY18-19 extended to June 30.
3. interest on delayed payment reduced to 9% from 12%.
4. Aadhaar, PAN linking date to be extended to 30th June
5. Vivad se Vishwas scheme extended to June 30, 2020 with no additional 10% charge
6. Last date for filing March-April-May 2020 GST returns and Composition returns extended to June 30
7. Companies with less than Rs 5 crore turnover, no penalty or interest will be charged. For over Rs 5 crore (bigger companies), interest at a reduced rate of 9% will be charged.
8. Customs will be operating 24*7 as an essential service till June 30