Tag Archives: Nirmala Sitharaman

[ad_1] The government has reduced TDS and TCS rates for interest, dividends, and rental payments by 25 percent as of May 14, 2020 for the current fiscal year. Finance Minister Nirmala Sitharaman announced this at a press conference today. The source tax deduction (TDS) and source tax collection (TCS) rates …

[ad_1] Nirmala Sitharaman said she would announce more measures later. New Delhi: Private sector employees will get a boost to their take-home salaries and small and medium-sized will be offered Rs 3 lakh crore in collateral-free bank loans, Finance Minister Nirmala Sitharaman announced on Wednesday, detailing parts of the government’s …

[ad_1] The central government has announced assistance related to the Employee Provident Fund (EPF) for companies and individuals employed in the private sector by extending its contribution to the EPFO ​​for an additional three months for small businesses and reducing the mandatory contributions of the employers’ EPF and employed by …

[ad_1] NEW DELHI: Finance Minister Nirmala Sitharaman on Wednesday announced credit guarantee loans for micro, small and medium-sized enterprises (MSMEs), which are expected to help some 4.5 million units return to business. Announcing the details of the ₹Sitharaman said the 20 trillion fiscal stimulus package said that unsecured automatic loans …

[ad_1] NEW DELHI: The government revealed on Wednesday a significant dose of reinforcement involving a series of initiatives for micro, small and medium-sized enterprises, including automatic unsecured loans worth Rs 3 lakh crore for companies. A subordinated debt of Rs 20,000 crore for stressed units, a Fund of funds for …

[ad_1] New Delhi: Union Minister Nitin Gadkari, in response to announcements by Finance Minister Nirmala Sitharaman, for small businesses affected by the coronavirus crisis and weeks of closure, said creating positivity in the circumstances was challenging. “We have to understand the art of living with a crown. This is not …

[ad_1] The central government announced six reforms on Wednesday to shore up Micro, Small and Medium Enterprises (MSMEs), considered the backbone of the Indian economy, affected by the economic crisis caused by the coronavirus outbreak. The finance minister, in announcing the reforms, said the changes were aimed at making the …

[ad_1] Coronavirus Outbreak Latest Updates: Finance Minister Nirmala Sitharaman announced that the statutory PF contribution is being reduced from 12 percent to 10 percent. Government to infuse Rs 50,000 crores liquidity by reducing rates of TDS, for non-salaried specified payments made to residents, and rates of Tax Collection at Source …

[ad_1] Breaking a two-session losing streak, the BSE Sensex racked up 637 points on Wednesday as investors applauded the government’s Rs 20 lakh crore stimulus package for the coronavirus-affected economy. After gathering 1,474.36 points during the day, the benchmark of 30 shares delivered some gains to settle 637.49 points or …

[ad_1] The exclusion date of the evaluations will be extended to December 31, 2020, said Nirmala Sitharaman (File) New Delhi: The Center today granted an extension for the filing of all income tax returns as part of the Direct Tax measures taken in preparing the tax stimulus of Rs 20 …