Image Source: HINDUSTAN TIMES

Finance Minister Nirmala Sitharaman while addressing a press conference on Wednesday 13 May, said the due date for Income Tax returns for the year 2019-2020 is now being extended to November 30, 2020. The finance minister spoke on a variety of schemes and measures implemented for different sectors including the development of Micro, Small and Medium Enterprises (MSMEs), tax deductions, real estate, liquidity injection for Power Distribution Companies (DISCOMS) and many more. In a series of media briefings over the next few days, the Finance Minister will provide further details about the economic stimulus package announced by Prime Minister Narendra Modi on Tuesday 12 May during his address to the nation. The stimulus package is intended to facilitate the revival of the economy, considering the impact of the nationwide lockdown on the economic growth of the country.