New Delhi : On Tuesday, Prime Minister Narendra Modi announced a package of Rs 20 lakh crore to give a boost to the economy amid Corona crisis. Finance Minister Nirmala Sitharaman is giving detailed information about this package.

As told by Finance Minister Nirmala Sitharaman, Taxpayers have got 25 percent relief in TDS deduction till 31 March 2021. Government collects tax through TDS. TDS is deducted at various sources of income. This includes salary, interest or commission received on any investment, etc. Also, the Deadline for income tax return filing has been increased. It has been increased from 31 July to 30 September. Likewise, the deadline of the trust scheme has been extended to 31 December 2020. Previously it was till 30th June.

 

– In the case of real estate, advisory will be issued that all projects be extended for 6 months from March onwards.

– Emergency liquidity will be given 90,000 crore rupees to help DISCOMs or electricity distribution companies.

– 30,000 crore special liquidity scheme is being brought for non-banking finance company, micro finance companies. So there will be no cash crisis.

– NBFC will expand the already running scheme of 45,000 crores. At the same time, the loan guarantee scheme will be expanded, NBFCs rated double A or below will also get loans.

Leave a comment

Your email address will not be published. Required fields are marked *