Union finance minister Nirmala Sitharaman said on Tuesday the deadline for linking Aadhaar with PAN card has been extended to June 30 from March 31 as the country is under lockdown to stop the spread of the Covid-19 disease, which has infected nearly 500 people and killed nine.
The Covid-19 death toll in India currently stands at 10 with nearly 500 confirmed cases of the infection. According to the data updated Tuesday morning, the total number of COVID-19 cases rose to 492, including 446 active cases. The figure includes 41 foreign nationals and the nine deaths reported so far.
Here are the updates from Finance Minsiter Sitharaman's presser
The government said that bank charges are reduced for digital trade and transactions.
We may consider suspending Section 7, 9 and 10 of the Insolvency and Bankruptcy Code, if the present circumstances prevail beyond six months, says the FM.
Sensex up by 1183.74 points at 27,164.98; Nifty climbs 314.55 at 7,924.80.
Sensex up by 1183.74 points at 27,164.98; Nifty climbs 314.55 at 7,924.80.
Debit card withdrawals from ATMs won't be charged for the next three months. These withdrawals can be made from any ATMs, says Finance Minister.
In a relief to small businesses, insolvency proceedings threshold limit extended to Rs 1 crore from existing Rs 1 lakh: FM
"For newly incorporated companies, there is a requirement to file declaration of commencement of business in 6 months, we now give additional 6 months’ time," says Sitharaman.
In the event of a company director not complying with the minimum residency (staying in the country for 182 days or more), it won't be treated as a violation: FM
All compliances under Wealth Tax Act, Income Tax Act, Benami Transaction Act, Black Money Act, have been extended to June 30, 2020.
Customs will be doing its duty 24x7 as an essential service till June 30, 2020, says Sitharaman.
Companies with less than Rs 5 crore turnover, no penalty or interest or late fee will be charged. For bigger companies, which have over Rs 5 crore turnover, interest at a reduced rate of 9 per cent will be charged.
The last date for filing March, April and May 2020 GST returns and also compensation returns all are being extended to 30 June 2020: FM
"Vivaad se Vishwas scheme has also been extended to June 30. From now till 30 June, there is no additional charge of 10 per cent," says Finance Minister
Aadhaar pan linking date has been extended from 31st march to 30 june 2020: FM
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Finance Minister Nirmala Sitharaman’s briefing via video conference has begun
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