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29.05.2020 / 21:03

Finance secretary urges BRICS nations to share covid-19 related tax measures

Finance and revenue secretary Ajay Bhushan Pandey on Friday urged Brazil, Russia, India, China and South Africa (BRICS) nations to share measures implemented by their tax administration that will help them understand fiscal and economic impact of the global pandemic

China India Russia South Africa Brazil covid-19 pandemic Government crisis

TDS rate cut on salaries would have increased tax compliance burden: Official

NEW DELHI : To improve liquidity in the hands of taxpayers, finance minister Nirmala Sitharaman has reduced rate of tax deducted at source (TDS) and tax collected at source (TCS) by 25% but salaries have been kept out of the purview of relief.

Nirmala Sitharaman city New Delhi covid-19 pandemic

COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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