Live updates and discussion on Budget 2019

Page no : 9

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

14% growth in state tax collections was guaranteed and underwritten by Government of India: FM


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

Individual taxpayers with annual income up to 5 lakh rupees to get full tax rebate: FM Shri Piyush Goyal #Budget2019

1 Like


(Guest)

FM: Direct Tax benefit: Income tax minimum exemption limit raised to Rs. 500,000 from Rs. 250,000

 


Ayush (Executive ) (6760 Points)
Replied 01 February 2019

The current account deficit is likely to be only 2.5 percent of the GDP this year, Finance Minister said.


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

Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident funds and prescribed equities: FM Shri Piyush Goyal #Budget2019



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

Standard tax deduction for salaried persons raised from 40,000 rupees to 50,000 rupees: FM Shri Piyush Goyal #Budget2019


Around 3 crore middle class taxpayers will get tax exemption due to this measure: FM Shri Piyush Goyal #Budget2019

 

TDS threshold on interest on bank and post office deposits raised from 10,000 to 40,000 rupees: FM Shri Piyush Goyal #Budget2019


 



(Guest)

FM: Standard deduction for salaried class raised to Rs. 50000 from the current Rs. 40000



(Guest)

FM: TDS deduction on fixed deposit raised from Rs. 10,000 to Rs. 40,000


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

Benefit of rollover of capital tax gains to be increased from investment in one residential house to that in two residential houses, for a taxpayer having capital gains up to 2 crore rupees; can be exercised once in a lifetime: FM Piyush Goyal #Budget2019

 


vamsi krishna (article student) (280 Points)
Replied 01 February 2019

TDS threshold on rental income raised from Rs 1,80,000 to Rs 2,40,000: Goyal



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

Benefits under Sec 80(i)BA being extended for one more year, for all housing projects approved till end of 2019-2020: FM Shri Piyush Goyal #Budget2019


vamsi krishna (article student) (280 Points)
Replied 01 February 2019

Benefit of rollover of capital tax gains to be increased from investment in one residential house to that in two residential houses, for a taxpayer having capital gains up to Rs 2 crore; can be exercised once in a lifetime: FM


vamsi krishna (article student) (280 Points)
Replied 01 February 2019

Benefits under Sec 80(i)BA being extended for one more year, for all housing projects approved till end of 2019-2020: FM


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

This is not just an Interim Budget, this is a vehicle for the developmental transformation of the nation: FM Shri Piyush Goyal

Development became a Jan Andolan (people's movement) under the present Government: FM Shri Piyush Goyal 




(Guest)

FM: No tax on notional rent on second self-occupied house and no tds on house rent up to Rs 2.4 lakh 



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