Due Dates for various tax related compliances extended The due date of all Income Tax Returns for Assessment Year 2020-21 will be extended to 30 November, 2020. Similarly, tax audit due date will be...
Tax relief to business as pending income tax refunds to charitable trusts and non-corporate businesses and professions to be issued immediately The pending income tax refunds to charitable trusts and non-corporate businesses and professions...
Relief to Real Estate Projects the registration and completion date for all registered projects will be extended up to six months State Governments are being advised to invoke the Force Majeure clause under RERA....
Relief to Contractors given by extension of up to six months for completion of contractual obligations, including in respect of EPC and concession agreements All central agencies like Railways, Ministry of Road Transport and...
• Revenues of Power Distribution Companies (DISCOMs) have plummeted.• Unprecedented cash flow problem accentuated by demand reduction• DISCOM payables to Power Generation and Transmission Companies is currently ~ Rs 94,000 cr• PFC/REC to infuse...
Existing Partial Credit Guarantee scheme is being revamped and now will be extended to cover the borrowings of lower rated NBFCs, HFCs and other Micro Finance Institutions (MFIs). Government of India will provide 20...
NBFCs/HFCs/MFIs are finding it difficult to raise money in debt markets. • Government will launch a Rs 30,000 crore Special Liquidity Scheme• Under this scheme investment will be made in both primary and secondary...
EPF Contribution to be reduced for Employers and Employees for 3 months to 10% from 12% for all establishments covered by EPFO for next 3 months Statutory PF contribution of both employer and employee...
Employees Provident Fund Support for business and organised workers The scheme introduced as part of PMGKP under which Government of India contributes 12% of salary each on behalf of both employer and employee to...
No Global tenders for Government tenders of uptoRs 200 crore Global tenders to be disallowed upto Rs 200 crores • Indian MSMEs and other companies have often faced unfair competition from foreign companies.• Therefore,...
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