Due date for all income tax returns extended: Major tax related announcements by FM Sitharaman

Finance Minister Nirmala Sitharaman in her address on Wednesday announced several direct tax measures taken by the government. The FM announced that tax deducted at source (TDS) for non-salaried income will be reduced by 25 per cent of the existing rates. Sitharaman said this would place more funds at the disposal of the taxpayers.