The outbreak of the novel coronavirus (COVID-19) has turned the whole world upside down. No sector has been left untouched by the adverse impacts of the pandemic. As a preventive measure, the government all around the world have been asking people to practice social distancing. In the past few days, we witnessed lockdown in several states and organizations temporarily shutting down. In a scenario like this, work from home came to the rescue of many organizations. It is the time when the whole country needs to stand together and support each other. In the past week, we saw representations coming from the Income Tax Employees Federation and the Chamber of Tax “Consultants regarding the extension of the Financial Year and the statutory due dates as the work is being hampered due to the current situation. However, there is no official notification from the government yet because of which even Former Ministers took to Social Media and requested on behalf of the CharteredAccountants of the nation to extend the Financial Year. MP for Thiruvananthapuram, Dr. Shashi Tharoor tweeted, "Though I'm not a CA, on behalf of all the CAs & other professionals in @ProfCong, I endorse @milinddeora's request & call on @nsitharaman to be flexible about this year's filing and payment deadlines." He endorsed Sri Milind Deora, India's former Minister for Telecom, IT, Posts, Shipping & Ports request. Mr. Deora’s tweet read, "On behalf of CAs across India, I urge @nsitharaman ji & @ianuragthakur ji to delay FY 2019-20 ending by at least 1 month. This will provide relief to individuals & companies as well as inject liquidity into the economy. The USA recently okayed a 90-day delay for filings & payments."
Do you think meeting compliances and to work from home go hand in hand?
Tags : coronavirus income tax