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Union Budget News


Printing process for Union General Budget 2020-21 commences with Halwa Ceremony

   21 January 2020 at 10:51

Printing process for Union General Budget 2020-21 commences with Halwa Ceremony

Posted in Union Budget |   2763 Views


PM invites Ideas and Suggestions for Union Budget 2020

   10 January 2020 at 10:28

Prime Minister Shri Narendra Modi invited ideas and suggestions for the Union Budget 2020 on�MyGov.

Posted in Union Budget  2 comments |   3786 Views


FM holds first pre-budget consultations

   17 December 2019 at 11:35

FM holds first Pre-Budget Consultations with the representatives of Digital Economy, Fintech and Start-UpsThe Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman, started her Pre-Budget Consultations with different stakeholder

Posted in Union Budget |   2775 Views


ICAI submits Pre-Budget Memoranda-2020

   07 December 2019 at 10:18

PRE-BUDGET MEMORANDUM - 2020 DIRECT TAXES AND INTERNATIONAL TAX

Posted in Union Budget  1 comments |   4860 Views


Model Tenancy Act to regulate renting of Premises announced in Budget

   13 July 2019 at 11:32

Model Tenancy Act(MTA) to Promote Growth of Rental Housing Segment by Regulating Renting of Premises To Balance Interests of Owner & Tenant by Establishing Adjudicating Mechanism for Speedy Dispute Redressal Draft Model Tenancy Act(MTA), 2019 Iss

Posted in Union Budget  1 comments |   4785 Views


Few important takeaways from the Memorandum Finance Bill 2019

   06 July 2019 at 13:40

Facilitating demerger of Ind-AS compliant companiesOne of the existing conditions for tax-neutral demergers is that the resulting company should record the property and the liabilities of the undertaking at the value appearing in the books of account

Posted in Union Budget  1 comments |   4740 Views


Rs 1.5 lac tax incentive for affordable housing

   05 July 2019 at 18:07

Tax incentive for affordable housing In order to provide an impetus to the �Housing for all� objective of the Government and to enable the home buyer to havelow-cost funds at his disposal, it is proposed to insert a new section 80EEA in t

Posted in Union Budget  3 comments |   6090 Views


Compulsory electronic payments for business with turnover above 50 crore

   05 July 2019 at 18:04

Mandating acceptance of payments through prescribed electronic modes In order to achieve the mission of the Government to move towards a less cash economy to reduce generation and circulationof black money and to promote digital economy, it is propos

Posted in Union Budget |   6036 Views


1% immovable property TDS to be applied on amenities also

   05 July 2019 at 17:43

TDS at the time of purchase of immovable property Section 194-IA of the Act relates to payment on transfer of certain immovable property other than agricultural land and providesfor levy of TDS at the rate of one per cent. on the amount of considerat

Posted in Union Budget |   3909 Views


Mandatory furnishing of return if high value transaction made

   05 July 2019 at 17:43

Currently, a person other than a company or a firm is required to furnish the return of income only if his total income exceedsthe maximum amount not chargeable to tax, subject to certain exceptions. Therefore, a person entering into certain high val

Posted in Union Budget |   2568 Views