-
Section 80-IBA deduction extended for one more year
(Budget 2019) While presenting interim Budget 2019-20 For making more homes available under affordable housing, the benefits under Section 80-IBA of the Income Tax Act is being extended for one more y...
-
Tax Exemption on notional rent on second self-occupied house (Budget 2019)
While presenting interim Budget 2019-20 FM proposed to exempt the levy of income tax on notional rent on a second self-occupied house subject to It has been proposed to exempt the levy of income tax o...
-
Section 54 Capital Gain Exemption on investment in two residential houses proposed
While presenting interim Budget 2019-20 Finance Minister proposed to increase the benefit of rollover of capital gains under Section 54 of the Income Tax Act from investment in one residential house t...
-
Income upto Rs 5 Lakh to get full tax rebate; higher standard deduction proposed
Relief of over Rs 23,000 crore to estimated 3 Crore small and middle class tax-payers TDS threshhold on interests on small savings raised Boost to housing and real estate sector FM announces a slew of...
-
1.06 Crore people filed ITR for 1st time mainly due to demonetization
Anti-black money measures brought undisclosed income of about Rs 1.3 Lakh Crore to tax Rs 6,900 Crore worth Benami assets and Rs 1600 Crore worth foreign assets attached 18% growth in direct tax colle...
-
Highlights of Union Interim Budget 2019-20
The key highlights of the Interim Budget 2019-20 presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal in Parliament today are as follows:New Announcements...
-
Union Interim Budget 2019- Summary
Union Interim Budget 2019- Major Highlights with Summary BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET 2019-20 INTERIM BUDGET 2019-20 PRESENTED IN PARLIAMENT TODAY HAS A MAJOR SCHEME FOR...
-
Single window clearance for film shoot extended to Indian filmmakers
One Lakh villages to go digital over next five years JAM-DBT – game changers since bank Nationalisation half century ago 34 Crore new bank accounts in last five years under Jan Dhan; Aadhaar reach nea...
-
Fiscal deficit pegged at 3.4% of GDP for 2019-20
Fiscal Programme for 2019-20 and beyond Fiscal deficit pegged at 3.4% of GDP for 2019-20 In 2019-20 be, total expenditure rises by 13.30% over 2018-19 re 35.6% increase in allocation for welfare of SC...
-
Government proposes to launch mega pension yojana
‘Pradhan Mantri Shram-Yogi Maandhan’ for unorganised sector workers with monthly income upto Rs. 15,000; 10 Crore Labourers and workers in the sector to be benefitted The Government proposes to launch...
-
Defence budget hiked to Rs. 3,05,296 crore
(Budget 2019) Rs. 3,05,296 crore have been provided in the Budget Estimates for 2019-20, compared to Rs. 2,82,733 crore provided in 2018-19 Budget Estimates. The figures were revised to Rs. 2,85,423 c...
-
Assured income support to small & marginal farmers
(Budget 2019) Pradhan Mantri Kisan Samman Nidhi announced to provide assured income support to small and marginal farmers Vulnerable landholding farmers having cultivable land upto 2 hectares to be pr...
-
Government allocates Rs. 64,587 Crore for Railways in 2019-20
Government allocates Rs.64,587 Crore for Railways in 2019-20 Infra allocation for north eastern areas increased by 21% to Rs. 58,166 Crore in 2019-20 In the Interim Budget 2019-20, the Railways has be...
-
Key Points of Union Budget 2019
32 Key Points of Union Budget 2019 Highlights of Budget 20191. Within 2 years, Tax assessment will be done electronically2. IT returns processing in just 24 hours3. Minimum 14% revenue of GST to state...
-
Big Relief to Middle Class from Union Budget 2019
& computation Wait is over for middle class people because government of India announced big relief to individual paying income tax in BUDGET 2019.Before Budget 2019:1. As per current provision of sec...
-
Income tax Amendments explained
Income tax Amendments in Budget explained in simplified manner On First February of 2019, Honorable Interim Finance Minister CA. Piyush Goyal presented the budget in parliament for FY 2019-20. He also...
-
Insights of Income Tax Amendments
Demystifying Interim Budget 2019 Insights of Income Tax Amendments Before budget people asked me How’s the Josh? I told High!, but now the Josh is neutral or almost died because of unenthusiastic good...
-
Tax Rates for FY 2019-20 as per Finance Bill 2019
Direct Tax Analysis with Tax Rates for FY 2019-20 – Finance Bill 2019 Article contains analysis of Union Budget 2019 provisions for Income Tax Rates for Financial Year 2019-20, Standard deduction from...
-
Slab & Deductions under Income Tax AY 2020-21
Summary of Slab & Deductions under Income Tax AY 2020-21 IN THE PREVIOUS ARTICLE , I HAVE LISTED OUT ALL MAJOR DEDUCTIONS FOR AY 2019-20. After Budget 2019 speech , Here is summary of Income Slabs & d...
-
Budget 2019 Brief Analysis
Budget 2019 Highlights & brief Analysis 1. No increase in threshold limit of Rs 2,50,000.2. Wrong perception about no income tax upto Rs. 5 lakh to all tax payer, income tax is still payable @ 5% on i...