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Published on 24/03/2020 7:08:19 PM | Source: NAREDCO

Views On Finance Minster announcement via press conference on ‘Statutory and Regulatory compliance matters’ by Mr Ashok Mohanani

Posted in Expert Views| #Expert Views #NAREDCO #Ashok Mohanani

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Below is the Views On Finance Minster announcement via press conference on ‘Statutory and Regulatory compliance matters’ by Mr Ashok Mohanani, Chairman , EKTA World and Vice President NAREDCO Maharashtra


“The sudden announcement of the Finance Minister on leeway given on Interest rate, GST and TDS filing is certainly a step taken for the benefit of all businesses and corporates. Also, the threshold for IBC has been increased to 1 cr from one lakh. There is a need for economic stimulus in the future to cope up with the current economic scenario. Sales at the moment have been dropping at a large scale but with the support of the government, the sector is expected to recover after the pandemic crisis. The Ministry should consider permitting the restructuring of loans to the Real Estate as it will give a breather to the Industry and help revive and restore. To some extent, the date of extension for income tax filing will provide relief for the clogged businesses and economy and individuals overall.”

 

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