Live updates and discussion on Budget 2019

Page no : 8

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FM: IT returns will be processed within 24 hours


Mita Basak (Professional) (1921 Points)
Replied 01 February 2019

FM underlines 10 most important dimensions that will guide the Government in Vision 2030

1) To build next-gen infrastructure - physical as well as social - for a 10 trillion dollar economy and to provide #EaseofLiving: FM Shri Piyush Goyal #Budget2019

2) To build a #DigitalIndia that reaches every citizen, our youth will lead us in this, by creating innumerable startups and jobs: FM Shri Piyush Goyal #Budget2019

3) Clean and Green India - an India that drives electric vehicles, with renewables becoming major source of energy, bringing down import dependence and increasing energy security for our people: FM Shri Piyush Goyal #Budget2019

4) Expanding rural industrialization using modern industrial technologies, based on #MakeInIndia approach, using grassroot MSMEs and startups across the country: FM Shri Piyush Goyal #Budget2019

5) Clean Rivers - with safe drinking water to all Indians, sustaining and nourishing life, using micro-irrigation techniques; long coastline can be pivotal for the economy, using strength of blue economy and SagarMala: FM Shri Piyush Goyal #Budget2019

6) Oceans and coastlines is the sixth dimension of our vision for 2030: FM Shri Piyush Goyal #Budget2019

7) India becoming launchpad of the world, placing an Indian astronaut in space by 2022: FM Shri Piyush Goyal #Budget2019

8) Self-sufficiency in food and improving agricultural productivity with emphasis on organic food: FM Shri Piyush Goyal #Budget2019

9) Healthy India, with distress-free and comprehensive wellness system for all is the ninth dimension of our vision for 2030: FM Shri Piyush Goyal #Budget2019

10) #MinimumGovernmentMaximumGovernance, with proactive, responsible and friendly bureaucracy, electronic governance is the 10th dimension of our vision for India for 2030: FM Shri Piyush Goyal #Budget2019

 


CA Ruby Bansal (Finance Professional) (6814 Points)
Replied 01 February 2019

#Budget2019 : FM announces all tax scurtiny to be done via Anonymous Digital Interface
All tax scrutiny to be done via anonymous digital interface: FM
Direct tax collections at Rs 12 lk cr in FY19 from Rs 6.38 lk cr in 2014


Mita Basak (Professional) (1921 Points)
Replied 01 February 2019

FM announces fiscal deficit as a proportion of GDP - 3.4% for the coming year, considering need for income support for farmers: FM Shri Piyush Goyal #Budget2019


Aruhi (Finance Professional) (6236 Points)
Replied 01 February 2019

Mega Pension Yojana, namely Pradhan Mantri Shram Yogi Mandha to provide assured monthly pension of Rs. 3000 per month



CA Ruby Bansal (Finance Professional) (6814 Points)
Replied 01 February 2019

The Group of Ministers is examining how prospective house buyers can benefit under Goods & Services Tax: FM


Mita Basak (Professional) (1921 Points)
Replied 01 February 2019

a. Under SkilI India more than 1 crore youth are being trained to earn livelyhood b. Under Mudra Yojana 15.56 cr loans have been disbursed amounting to 7 lak 23 thousand rupees Today Job Seeker, has become Job Creator : FM Piyush Goyal

56,619 crore made in BE 2018-19 for welfare of SCs and STs, increased to 62,474 crore in RE 2018-19 has been further increased to 76,800 crore in BE 2019-20: FM Shri Piyush Goyal #Budget2019


Niyati (Student) (7730 Points)
Replied 01 February 2019

Capital expenditure - 3.36,292 lakh crore, says FM Shri Piyush Goyal #Budget2019
Expenditure to rise by 13% from RE 2018-19 to BE 2019-20: FM Shri Piyush Goyal 


Aruhi (Finance Professional) (6236 Points)
Replied 01 February 2019

GST has been continuously reduced, resulting in relief of 80,000 crore rupees to consumers; most items of daily use for poor and middle class are now in the 0% - 5% tax bracket


Mita Basak (Professional) (1921 Points)
Replied 01 February 2019

#Budget2019 : On behalf of all the people of India and our Government, thank all our taxpayers for their valuable contribution to nation-building and for providing a better quality of life to poor and marginalized: FM Shri Piyush Goyal



CA Ruby Bansal (Finance Professional) (6814 Points)
Replied 01 February 2019

Businesses with less than Rs. 5 crore annual turnover, comprising over 90% of GST payers, will be allowed to return quarterly returns.


Mita Basak (Professional) (1921 Points)
Replied 01 February 2019

FM Piyush Goyal leaves income-tax slabs untouched in Budget 
 


Aruhi (Finance Professional) (6236 Points)
Replied 01 February 2019

Amendments proposed to ensure streamlined system for levy of stamp duties, to be imposed and collected at one place, seamlessly: FM Shri Piyush Goyal


CA Ruby Bansal (Finance Professional) (6814 Points)
Replied 01 February 2019

Along with completion of fiscal deficit consolidation programme, we will now focus on debt-to-GDP ratio consolidation: FM Shri Piyush Goyal #Budget2019



Mita Basak (Professional) (1921 Points)
Replied 01 February 2019

Both tax collection and tax base have shown significant increase due to government initiatives in recent years, and we have moved to a moderate tax regime, with high collection: FM Shri Piyush Goyal #Budget2019



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