Announcements by the RBI Governor.
Friday, 27 March 2020
Globally the businesses are going through a turmoil and the economic activity has reduced drastically. In these trying times where the business activity has come to a standstill, it was a demand raised by the businesses and industry of India to provide certain stimulus to help and assist them float and pass this difficult stage.
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The Brief of FM Press Conference Points
Tuesday, 24 March 2020
Statutory / Regulatory relief announced 1. Income Tax a. FY :18-19 – Last date for ITR extended to 30/6/20 from 31/3/20; -For delayed payments against such IT Returns, interest rate, reduced to 9% from 12%; -On Delayed deposit of TDS, no change in date but rate reduced to 9% from 18% b. Extention of dates
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