Businessmen needs to be allowed three months to file returns and deposit mortgage installments

Chhattisgarh Chief Minister Bhupesh Baghel has urged the Central Government to supply aid to small and medium businessmen of the state. The CM has demanded a three-month extension to the businessmen to file returns and deposit the mortgage installment. On the request of the Chamber of Commerce and Industries, the Chief Minister has written a letter on this regard to Union Finance Minister Nirmala Sitharaman. In the letter, the CM mentioned that in view of the an infection of Corona, a containment zone (lockdown) has been declared within the state from April 9 to May 6 because the final efficient step to cease the second and extra lethal wave. Due to this, financial actions and trade-off within the state is nearly closed. Due to this, financial disaster has arisen in entrance of small and medium class businessmen within the state. In a letter to the Union Minister, Baghel has acknowledged that resulting from April being the primary month of the monetary 12 months 2021-22, the dates of many compliance within the TDS and TCS Act are fastened. At such a time, it’s not potential for businessmen to reconcile their accounts and submit several types of returns throughout the stipulated timeframe. Various staff working of their places of work, institutions similar to accountants, knowledge entry operators, administration employees and so on. are both in residence isolation or in hospital resulting from being contaminated with Kovid. Similarly, numerous tax advisors of businessmen like chartered accountants, firm secretaries, tax advisors and so on. are additionally unable to supply their companies resulting from being contaminated by this epidemic. Keeping in view the above circumstances, it’s requested that the varied dates of April and May be prolonged for the following two months.