Tag Archives: covid relief package

Cabinet okays ₹3 billion financing scheme for Msmes

[ad_1] The Union Cabinet on Wednesday approved the ₹3 trillion of emergency credit guarantee system for the non-banking financial companies (NBFCs) and micro, small and medium-sized enterprises (Msmes). The funding is a part of the ₹$ 20 billion economic package announced by the minister of finance, Nirmala Sitharaman for the …

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25% TDS cut to benefit individuals

[ad_1] MUMBAI : The government’s move to reduce the rates of tax deduction at source (TDS) and tax collection at source (TCS) by 25% is set to benefit investors and professionals. While this doesn’t bring down the tax liability of taxpayers, it leaves more money in their hands during the …

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