Home » COVID-19 » Taxbuzz | Direct tax measures announced by FM on 13-05-2020

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The Hon’ble Prime Minister, Sh. Narendra Modi, had announced a stimulus package of Rs. 20 lakh crore, constituting 10% of the GDP, in his address made to the nation on 12th May, 2020 under ‘Atmanirbhar Bharat Abhiyaan’ to save the lockdown-battered economy.

The Hon’ble Finance Minister, Smt. Nirmala Sitharaman, (‘FM’) addressed a press conference on May 13, 2020 and announced various measures as part of Atmanirbhar Bharat Abhiyaan, covering the Micro, Small and Medium Enterprises (MSME) sector, NBFC/ MFs, liquidity injection for DISCOMS, tax measures, etc.

With this TaxBuzz…, we have summarised the key announcements from direct tax perspective.

To read the TaxBuzz, please click on Download Newsletter

We hope that you will find the same to be useful.

For any further information/ clarification, please feel free to write to:
Mr. Rohit Jain, Partner at [email protected]
Ms. Shaily Gupta, Principal Associate at [email protected]