Tuesday, March 24, 2020

Finance Minister's Announcements On Relief Steps Over Coronavirus

Finance Minister's Top 10 Announcements On Relief Steps Over Coronavirus Nirmala Sitharaman announced many reliefs for taxpayers as the country entered a second day of lockdown 22 Finance Minister Nirmala Sitharaman on Tuesday announced a slew of relief measures for taxpayers and businesses as the country entered a second day of lockdown to curb the coronavirus (COVID-19) outbreak. Announcing a relaxation in the due dates for filing of certain income tax as well as Goods and Services Tax (GST) returns, Nirmala Sitharaman said the government is already working on a fiscal package to shield the economy against the rapidly-spreading pandemic, and will make an announcement soon. The relief measures came days after Prime Minister Narendra Modi announced a special task-force headed by the Finance Minister to help businesses facing strain due to the pandemic. The country has reported 482 coronavirus cases till date, and health experts have warned that a big jump could be imminent.

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