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Income Tax: Deferrals and Payments Dates

All businesses can defer the payment of income tax due on or after March 18, 2020 till September 30, 2020 until after August 31, 2020. Penalties and Interests on the balance available for deferral will be waived during this period.

The relief is applicable to,

  • Income tax balances
  • Installments

Under Part 1 of the Income Tax Act

Detailed Information Source: https://bit.ly/2yri2WW