During the Outbreak of COVID – 19 Virus all around the World The Indian Government have taken immediate measures to Stable the Economy and reduce the panic in Honest Tax Payers by applying some serious steps in Statutory Compliances under Income Tax and Goods and Service Tax. On Press meet held on 24-March 2020 the Finance Minister had presented the Economic Reforms or rather much Needed Relief Measures in areas of Various Tax Laws. Here we shall be discussing all the Measures taken by Hon’ble Finance Minister with Detail Analytical Research on each area with the Reason behind the Amendments. INCOME TAX 1.       EXTENDING THE LAST TO FILE RETURN OF INCOME FOR F.Y 2018-19 THAT IS A.Y 2019-20 TO 30 TH JUNE 2020 Here, before as per Section 139(4) which is also referred as Belated Return and Section 139(5) that is Revised Return can be filed for Any Financial Year up to the End of Assessment Year. For Example, Return for A.Y 2019-20 can be belatedly or can be Revi