The Indian tax and regulatory space is changing at an unprecedented rate. We are witnessing policy announcements, legislative changes, judicial precedents and clarifications almost daily. This has made it challenging for corporate professionals to stay abreast of relevant developments. The aim of the TaxPod series is to keep you updated with key tax and regulatory developments of the past month, in five minutes.

What’s new

- Government announces special cash package for central government employees

- Due date for filing income tax return for the financial year 2019-20 extended

- Division bench of Madras High Court refuses transitional credit of Education Cess, Secondary and Higher Education Cess and Krishi Kalyan Cess