Union Budget News

Progressive budget from Chartered Accountant FM says ICAI

01 February 2019 at 18:16

The Interim Finance Minister, Shri Piyush Goyal, being a Chartered Accountant with deep insight of the state of affairs of the Indian economy, while presenting his maiden Union Budget 2019-20, emphasized that the country witnessed its best phase of

Posted in Union Budget | 5769 Views

Complete speech of FM Piyush Goyal : Budget 2019

01 February 2019 at 15:24

Interim 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

Posted in Union Budget | 3843 Views

Income upto Rs 5 Lakh to get full tax rebate; higher standard deduction proposed

01 February 2019 at 13:53

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

Posted in Union Budget | 8 comments | 9573 Views

Download complete finance bill presented in Budget 2019

01 February 2019 at 13:50

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

Posted in Union Budget | 11202 Views

Budget summary with Major Highlights of Interim Budget 2019-20

01 February 2019 at 13:35

BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET 2019-20

Posted in Union Budget | 8274 Views

Increase in tax base and higher collections : GST

01 February 2019 at 13:34

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

Posted in Union Budget | 2160 Views

Tax collections increased from Rs 6.38 Lakh Crore to almost Rs 12 Lakh Crore this year

01 February 2019 at 13:34

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

Posted in Union Budget | 1968 Views

Anti-black money measures brought undisclosed income of about Rs 1.3 Lakh Crore to tax

01 February 2019 at 13:34

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

Posted in Union Budget | 1578 Views

Major Direct Tax updates from Budget 2019-20

01 February 2019 at 13:07

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

Posted in Union Budget | 31 comments | 22989 Views

Highlights of Tax Proposals - Union Budget 2018-19

03 February 2018 at 14:10

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

Posted in Union Budget | 8841 Views