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
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Deadline for filing ITR pushed till 30 Nov
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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
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Public sector units to extend deadlines for contractors
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Center slashes statutory PF contribution to 10%
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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.
