Live updates and discussion on Budget 2019

Govt. has already GST_Council to reduce tax rate from 12% to 5%; additional income tax deduction of 1.5 lakh rupees on interest paid on loans taken to purhase electric vehicles: : FM

No change ​​in personal income tax rates

Excise duty on fuel hiked by 1 rupee : FM
FM proposes increase in custom duty on gold and other products : FM
Ex-defence minister exempts 'basic duty' on defence imports : FM

To provide further impetus to affordable housing, additional deduction of 1.5 lakh rupees on interest paid on loans borrowed upto 31 Mar, 2020 for purchase of house up to 45 lakhs : FM

Faceless income tax assessment in electronic mode involving no human interface to be launched this year in a phased manner, to reduce taxpayer harassment: FM 
PAN and Aadhaar to be made interchangeable for convenience of tax payers; Income Tax returns can now on be filed using Aadhaar number, if PAN card not available : FM
Several direct tax incentives to be provided to International Financial Services Centre to incentivize IFSCs : FM 
Relief in levy of Securities Transaction tax to be provided : FM