Which of the following are the relaxation given to common man in Income Tax by govt amid C...........

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Which of the following are the relaxation given to common man in Income Tax by govt. amid Covid-19 crisis

The TDS rates for all non-salaried payment to residents, and tax collected at source rate will be reduced by 25 percent of the specified rates for the remaining period of FY 20-21.
The date for filing Income Tax return for the last financial year has also been extended till 30th November.

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

Recently, Union Finance Minister announced that Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) have been reduced by 25 per cent till 31st March of next year. This decision will increase cash flow of over 50 thousand crore rupees benefitting common people. The date for filing Income Tax return for the last financial year has also been extended till 30th November, while last date for filing tax audits has been extended from 30th September to 31st October. Hence both statements are correct.