Due Date For IT Returns Extended To November 30

Wednesday, 13 May 2020Newsdesk
Due Date For IT Returns Extended To November 30
Union Finance Minister Nirmala Sitharaman today announced relief for middle classes too today, offering a 25 per cent reduction in Tax Deduction at Source (TDS) for non-salaried specified payments and Tax Collection at Source (TCS) for the specified receipts to allow people more cash in hand. This will apply to payment for contract, professional fees, interest, rent, dividend, commission, brokerage, she said.

New Delhi, 13 May 2020

As per news report of NDTV, in the first of her several addresses to outline the contours of the package, Ms Sitharaman announced 15 different measures today, which involved MSMEs, NBFCs (Non-Bank Financial Companies), Provident, Real Estate and Taxation.

Source -NDTV


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