India's Press Information Bureau has issued a release from the Ministry of Finance announcing a package of measures for businesses to support the Indian economy during the COVID-19 pandemic. A presentation on the measures has also been issued.
The main tax-related measures include the following:
- The rates of Tax Deduction at Source (TDS) for non-salaried specified payments made to residents and the rates of Tax Collection at Source (TCS) for specified receipts are reduced by 25% of the ex…