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Union Budget News


Businesses with less than 5 crore annual turnover to file quarterly GST returns

   05 July 2019 at 14:06

GST processes further simplified; businesses with less than Rs. 5 crore annual turnover to file quarterly GST returns; threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. 40 lakhsSabka Vishwas Legacy Dispute Resolution Scheme to reso

Posted in Union Budget |   2991 Views


Complete official summary of Union Budget 2019-20

   05 July 2019 at 14:05

SEVERAL TAX PROPOSALS AIM TO PROMOTE INVESTMENTS IN START-UPS AND SUNRISE INDUSTRIES IN THE COUNTRYLOWER 25% CORPORATE TAX RATE IS TO BE APPLICABLE TO THOSE WITH ANNUAL TURNOVER UPTO RS.400 CRORE INSTEAD OF THE CURRENT LIMIT OF RS.250 CROREINCREASE I

Posted in Union Budget |   2217 Views


All the Key features of Union Budget 2019 by FM Nirmala Sitharaman

   05 July 2019 at 13:54

The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman made her maiden Budget Speech today and presented the Union Budget 2019-20 before the Pa

Posted in Union Budget |   4563 Views


Key Highlights of Direct and Indirect Tax Proposals in Budget 2019

   05 July 2019 at 13:52

Key Highlights of Direct and Indirect Tax Proposals Indirect Tax Electronic invoice system will be introduced to prefill the taxpayers return. Roll out from January 2020 There will be no need for separate for e-way bill. A simplified single month

Posted in Union Budget |   19272 Views


Read & Download updated Finance Bill 2019-20

   05 July 2019 at 13:48

THE FINANCE (NO.2) BILL, 2019 _________ARRANGEMENT OF CLAUSES__________CHAPTER IPRELIMINARYCLAUSES 1. Short title and commencement.CHAPTER IIRATES OF INCOME-TAX2. Income-tax.CHAPTER IIIDIRECT TAXESIncome-tax3. Amendment of section 2.4. Amendment of s

Posted in Union Budget |   18837 Views


Complete Union Budget Speech 2019 by FM Nirmala Sitharaman

   05 July 2019 at 13:41

Budget 2019-2020Speech ofNirmala SitharamanMinister of FinanceJuly 5, 2019Mr. Speaker Sir,I rise to present the Budget for the year 2019-20.PART A2. The recent election which brought us to this august House today, was charged with brimming hope and d

Posted in Union Budget |   2451 Views


Key Highlights of Economic Survey 2018-19

   04 July 2019 at 13:15

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Economic Survey 2018-19 in the Parliament today. The Key Highlights of Economic Survey 2018-19 are as follows:Shifting gears: Private Investment as the Key Drive

Posted in Union Budget |   16080 Views


Expectation from Union Budget 2019- Increase in Defence Budget

   27 June 2019 at 11:18

Replacement of ageing and obsolete defence equipment is part of modernisation of Armed Forces which is a continuous process based on threat perception, operational challenges, technological changes and available resources. The process is based on a

Posted in Union Budget  1 comments |   3075 Views


Printing process for General Budget 2019-20 commences with Halwa Ceremony

   24 June 2019 at 11:57

Halwa ceremony marking the commencement of Budget printing process for the General Budget 2019-20 was held in North Block here today afternoon in the august presence of the Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman.

Posted in Union Budget  2 comments |   2940 Views


ICAI submits Pre-Budget Memoranda 2019 on Direct and International Tax

   14 June 2019 at 11:27

PRE-BUDGET MEMORANDUM - 2019DIRECT TAXES AND INTERNATIONAL TAX1.1 The Council of the Institute of Chartered Accountants of India considers it a privilege to submit this Pre-Budget Memorandum - 2019 on Direct Taxes and International Tax to the G

Posted in Union Budget |   4485 Views