Union Budget News
Complete speech of FM Piyush Goyal : Budget 2019
01 February 2019 at 15:24Interim Budget 2019-2020- Speech of Piyush Goyal,Minister of Finance on February 1, 2019Madam Speaker,I rise to present the Interim Budget for the year 2019-20.PART A1. I am deeply conscious of the absence of Shri Arun Jaitley today. I am sure the H
Income upto Rs 5 Lakh to get full tax rebate; higher standard deduction proposed
01 February 2019 at 13:53Relief 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
Download complete finance bill presented in Budget 2019
01 February 2019 at 13:501 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 Interim Budget 2019-20
01 February 2019 at 13:35BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET 2019-20
Increase in tax base and higher collections : GST
01 February 2019 at 13:34Rates 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
Tax collections increased from Rs 6.38 Lakh Crore to almost Rs 12 Lakh Crore this year
01 February 2019 at 13:3480% 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
Anti-black money measures brought undisclosed income of about Rs 1.3 Lakh Crore to tax
01 February 2019 at 13:34Rs 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
Major Direct Tax updates from Budget 2019-20
01 February 2019 at 13:07Latest 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
Highlights of Tax Proposals - Union Budget 2018-19
03 February 2018 at 14:10UNION 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
Detailed provisions related to Direct taxes in Budget 2018
01 February 2018 at 15:18The 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
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