Small businesses to taxpayers get share in govt's stimulus package

Dates for filing income tax returns and other assessments extended as Finance Minister lists details of Rs 20 trillion help for economy.

Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 trillion in collateral-free loans for small businesses, cut the tax rate for non-salary payments and provided liquidity to non-banking companies to help them tide over the disruptions caused by the lockdown.

Announcing the first set of components of the Rs 20 trillion economic stimulus package announced by Prime Minister Narendra Modi, she said Rs 90,000 crore liquidity infusion will be made in electricity distribution companies to help them fight the current financial stress.

Also, dates for filing income tax returns and other assessments have been extended.

She said the rate of tax deducted at