Government issues ordinance, 100% tax rebate now for PM-CARES Fund
Автор: moneycontrol
Загружено: 2020-04-01
Просмотров: 3045
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In order to put into motion the various relief measures announced by Finance Minister Nirmala Sitharaman to combat the coronavirus outbreak, the Centre on March 31 issued an ordinance aimed at providing relief to taxpayers with respect to filing income tax, GST, customs and central excise returns. The ordinance also made donations made to PM CARES FUND eligible for 100 percent deduction. Further, the limit on deduction of 10 percent of gross income shall also not be applicable for donation made to PM CARES Fund.
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