TaxBuzz – Direct tax measures announced by FM on 13-05-2020 May 15, 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.
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