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Archive: 01 February 2019

Posts in 01 February 2019

ICICI Bank safeguards investors’ interest in the face of crisis

February 1, 2019 1077 Views 0 comment Print

There is more than one reason to believe that ICICI Bank has moved onto greener pastures in 2019. A closer look at ICICI Bank’s Q3 results shows that its retail loans have grown by 22% year-on-year and constitute 59% of the loan portfolio as of December 31, 2018. Further, addition to the bank’s gross non-performing […]

How Budget 2019-20 Will Boost Demand For FD In India?

February 1, 2019 1851 Views 0 comment Print

Finance Minister Piyush Goyal presented the Interim Budget 2019 today, amidst much speculation and debate. However, the Budget announcements look promising for the rural sector of the economy, the investors, and the salaried. One of the key takeaways of the budget was the hike the government proposed for TDS deduction limit on interest earnings for […]

Is inward supply from unregistered dealer taxable under RCM from 01.02.2019?

February 1, 2019 33045 Views 5 comments Print

For past two days from the time the Central Board of Indirect Taxes and Customs (CBIC) issued few circulars on 29.01.2019 there is a confusion whether the inward supplies from Unregistered dealer taxable under RCM from 01.02.2019?. The following is an attempt to clear the air in this regard.

10 Points To Remember In Budget 2019-20

February 1, 2019 2421 Views 1 comment Print

Standard deduction for salaried persons has been increased to Rs. 50,000 from earlier Rs. 40,000. Long term capital gains exemption under section 54 for sell of residential house has been extended to two residential houses from one earlier, for capital gains up to Rs. 2 Crores.

Highlights of Interim Budget 2019 or Finance Bill 2019

February 1, 2019 3372 Views 0 comment Print

1. Individual taxpayers with annual income up to 5 lakh rupees to get full tax Rebate. 2. Individual with gross income up to 6.5 lakh rupees will not need to pay any tax if they makes investment in the Provident funds and Prescribed equities. 3. TDS threshold limit on rental income raised from 1.8 lakh to 2.4 lakh rupees.

Interim Budget 2019 – Highlights

February 1, 2019 2160 Views 0 comment Print

Interim Finance Minister Piyush Goyal has presented the much awaited Interim Budget also known as a Vote on account Budget. The Major highlights of the Interim Budget are as follows: CHANGES IN TAX RATES Individual taxpayers with annual income up to Rs. 5 lakh to get full tax rebate. Standard deduction of Rs. 40,000 has […]

Summary of Slab & Deductions under Income Tax AY 2020-21

February 1, 2019 573567 Views 58 comments Print

IN THE PREVIOUS ARTICLE , I HAVE LISTED OUT ALL MAJOR DEDUCTIONS FOR AY 2019-20. After Budget 2019 speech , Here is summary of Income Slabs & deductions under Income Tax which will be applicable from 1-4-2020 i.e for AY 2020-21 RETURN FILLING. This chart of Deductions & Slab rates will help you to plan […]

Mandatory training for issuing & renewal of COP for CMAs

February 1, 2019 1215 Views 0 comment Print

A Cost Accountant is required to undergo a mandatory training before applying for Certificate of Practice or within six months of getting the Certificate of Practice. The duration of the training will be for six days or 36 hours with course fees as may be fixed by the Council from time to time.

बजट -2019 : कर प्रस्तावों पर प्रतिक्रया एवं विवेचन

February 1, 2019 9384 Views 0 comment Print

इस समय की सरकार का आम चुनाव के पहले जो अंतरिम बजट इस समय वित्त मंत्री श्री पीयूष गोयल ने पेश किया उसमें यह तो उम्मीद थी कि आयकर में कुछ तो छूट मिलेगी ही और इस सम्बन्ध में ये उम्मीद कुछ हद तक पूरी तो हुई ही है और अब 5 लाख तक की कुल आय पर कोई कर नहीं देना पडेगा. आइये इसे और अन्य परिवर्तनों को ध्यान से देखें कि आखिर इस अंतरिम बजट में हुआ क्या है कर प्रस्तावों को लेकर.

Budget 2019 Highlights & brief Analysis

February 1, 2019 2970 Views 0 comment Print

1. No increase in threshold limit of Rs 2,50,000. 2. Wrong perception about no income tax upto Rs. 5 lakh to all tax payer, income tax is still payable @ 5% on income upto Rs. 5 lakh 3. Rebate under section 87A increased from Rs. 2,500 to Rs. 12,500. And eligibility of total income not […]

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February 2019