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Difficulties taxpayers may face in estimating advance tax liability for June

covid-19 2020 pandemic Government
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₹10,000.The estimation of advance tax liability for this year poses its own set of challenges, due to the impact of the covid-19 pandemic, the lockdown and other factors.Those carrying on a business or profession will have the toughest task of estimating their profits for the year.

Most such businesses or professions would have been closed in April and May because of the lockdown, and would face significant uncertainties even after the lockdown is lifted as there would be restrictions on operations, shortage of manpower and it would take a while for demand to pick up.

Besides, they may face other unknown factors. Under such circumstances, estimation is really a hazard, being more of a wild guess than a reasonable estimate.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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