ITR filing date extended: Huge relief for taxpayers amid coronavirus lockdown
Finance Minister Nirmala Sitharaman announced a slew of measures in the first tranche of the Rs 20 lakh crore package. Among a host of announcements, the Finance Minister, in a huge relief for taxpayers, said that the due date of all income tax returns for FY 2019-20 will be extended from July 31 & October 31 to November 30. Tax audit date will also be extended to October 31. Moreover, the date of assessments getting barred on September 30 will be extended to December 31 and those getting barred on March 31, 2021 will be extended to September 30, 2021.
Vijay Mallya asks govt to accept 100% loan repayment offer, close case against him
Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100 per cent of his loan dues and close case against him. While congratulating the Indian government over the Rs 20 lakh crore economic package, Mallya lamented that his repeated offers to repay his dues have been ignored.
FM's measures to bring liquidity, long term benefits to MSMEs, say experts
The first tranche of announcements made by Union Finance Minister Nirmala Sitharaman, mainly in favour of small, micro and medium scale industries, can spur growth in the long term and can bring liquidity to the sector, which is now in doldrums due to the natiowide lockdown, feel industry experts.A major announcement yesterday was to limit government tenders up to Rs 200 crore only for the MSME sector
Coronavirus impact: Trump to look into legislation proposing sanctions on China
US President Donald Trump has said that he will look into the legislation introduced in the Senate a day earlier that proposes sanctions on China if it fails to cooperate and provide a full accounting of the events leading up to the novel coronavirus outbreak.
Economic relief package 'frivolous and gimmicky,' say MSME bodies
The Modi government's much-awaited stimulus including collateral free loans of upto Rs 3 lakh crore has failed to impress micro, small and medium enterprises (MSMEs) with industry bodies terming it frivolous and gimmicky.
Coronavirus impact: Honda refrains from posting outlook as operating profits tumble
Honda Motor Co on Tuesday posted its lowest operating profit in four years and refrained from releasing an earnings outlook for the current business year as the coronavirus pandemic hits global car demand. "It is difficult to predict when COVID-19 will subside and how situations in each country and region will develop," Honda said in its earnings release.
Uber to require drivers, delivery workers, riders to wear face masks
Uber Technologies, Inc. on Wednesday said it will require drivers, delivery workers and riders globally to wear a mask as countries around the world begin easing restrictions aimed at curbing the spread of the coronavirus. Beginning on Monday, the company will require everyone using its ride-hailing service in the United States, Canada, Mexico, Europe and most Latin American and Asian countries to wear some form of face covering and ask passengers to sit in the back.
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