Crisis on industries due to Corona/ Nirmala- there will be no charge for withdrawing money from any ATM for 3 months, it is not necessary to keep minimum balance in accounts.
new Delhi. The country is struggling with a coronavirus infection. Meanwhile, the government on Tuesday provided a big relief for the common man. Finance Minister Nirmala Sitharaman held a press conference after discussing the current situation with the Finance Ministry officials. During this, he said that a relief package for the industries facing the crisis will be announced soon. Made a big announcement for the common man as well. Nirmala said- for the next three months there will be no charge on withdrawing money from any ATM. Apart from this, the condition of keeping minimum balance in bank accounts has also been abolished. The Finance Minister said that the date for filing ITR returns and linking PAN-Aadhaar has also been extended till June 30.
Government declaration for relief
- The interest charged on delayed payment of TDS has been reduced from 12% to 9%.
- The last method for filing income tax for the financial year 2018-19 was extended till June 30.
- The dispute also extended the date of the trust scheme and the Aadhaar-PAN link to 30 June.
- Companies with a turnover of less than Rs 5 crore will not incur any interest, penalty and late fees on late GST filing. In March-April-May the filing date was extended to 30 June.
- Relief to importers and exporters, custom clearance now included in essential services till 30 June. Will work for 24 hours.
- This year, directors of companies were relieved from the imperative of staying in the country for 182 days.
- Diwali process will not be initiated against companies having turnover of less than one crore.
- Economy towards recession due to transition
Even before the outbreak of coronavirus, the country’s economy had gone into sluggishness, but with the outbreak of coronavirus, it is now expected to go towards recession. Apart from this, conditions like curfew in many states and lockdown in almost the entire country have stalled industrial activities.
