Highlight of Economic Package by Nirmala Sitharaman

By | May 13, 2020 6:02 pm

Below are  the Highlight of Economic Package by Nirmala Sitharaman

The “Atma Nirbhar Bharat Abhiyan” initiative to spur growth and help in building self-reliant India

Plan based on five important pillars: economy, infrastructure, tech-driven systems, demography and demand

Highlight of Today’s announcement

  • Deadline for filing ITR pushed till 30 Nov

  • TDS and TCS rates Cut by 25%

  • State governments to invoke the Force Majeure clause under RERA. The registration and completion date for all registered projects will be extended up to six months
  • Power Companies got a Liquidity Booster

  • Public sector units to extend deadlines for contractors 

  • Center slashes statutory PF contribution to 10%

  • Rs 50,000 cr equity infusion for growing MSMEs 

  • Due date of all income-tax return for FY 2019-20 will be extended from 31st July, 2020 & 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October,2020
  • MSME definition changed Distinction between mfg and service MSME removed.

Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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