Ministry of Home Affairs issues new guidelines for Lock-down 4.0 today
The Center has extended the nationwide lock down until May 31, but allowed several more relaxations outside containment zones to restart economic activity. For the states, the big change is that they would be allowed to demarcate the red, green and orange zones. The new guidelines by Ministry of Home Affairs (MHA) permits barber shops, salons and shopping complexes to open. However, the night curfew will remain in effect, which means that all non-essential travel will remain prohibited between 7pm and 7am. The ban on flights and metro services will also remain in place till May 31.
Revised TDS rates chart for Financial Year 2020-21
Revised TDS/TCS Rate Applicable As Per Covid Economic Relief Package Applicable For All Kinds Of Payments W.E.F. 14th May 2020. Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman has announced today Reduction in Rates of Tax Deduction at Source (TDS) and ‘Tax Collected at Source (TCS). The TDS rates for payment to residents other than Salary, and tax collected at source rate will be reduced by 25 percent of the specified rates for the remaining period of FY 2020-21 i.e. from 14.05.2020 to 31.03.2021.