Relief of over Rs 23,000 crore to estimated 3 Crore small and middle class tax-payersTDS threshhold on interests on small savings raisedBoost to housing and real estate sectorFM announces a slew of tax reliefs for middle class and small tax payersInd
1 AS INTRODUCED IN LOK SABHA ON 1ST FEBRUARY, 2019 Bill No. 5 of 2019 THE FINANCE BILL, 2019ABILLto continue the existing rates of income-tax for the financial year 2019-2020 and to pr
BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET 2019-20
Rates continuously reduced providing relief of about r. 80,000 crore annually to consumers Most items of daily use of poor and middle class now in the 0% or 5% tax slab Average GST collection in the current financial year stands at Rs. 97,100 crore p
80% growth in tax base; number of returns filed increased from 3.79 crore to 6.85 Crore Within the next 2 years, almost all verification and assessment of returns selected for scrutiny to be done electronicallyThe Government has reduced tax rates, mo
Rs 6,900 Crore worth Benami assets and Rs 1600 Crore worth foreign assets attached 18% growth in direct tax collection in Fy 2017-18 Tax base increased by 1.06 Crore people filing ITR for 1st time mainly on account of demonetization The anti-black mo
Latest News: Major Direct Tax updates from Budget 2019-20 Taxable slab rate revised- Minimum exemption limit raised to Rs. 500,000 from Rs. 250,000 TDS deduction on fixed deposit raised from Rs. 10,000 to Rs. 40,000 Standard deduction for salaried c
UNION BUDGET 2018 HIGHLIGHTS - DIRECT TAXESTAX RATESNo change in tax rates and basic exemption limitTax rates continue to be same for A.Y. 2019-20 as applicable for A.Y. 2018-19. Further, there is no change in the basic exemption limits.Health
The provisions of Finance Bill, 2018 relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as 'the Act') to continue to provide momentum to the buoyancy in direct taxes through deepening and widening of the ta
Section IGovernance, Economy and DevelopmentMadam Speaker,1. I rise to present the Budget for 2018-19.2. Madam, four years ago, we pledged to the people of India togive this nation an honest, clean and transparent Government. Wepromised a leadership
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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