Government to consider issuing Aadhaar Card for NRIs with Indian Passports Government to open four new Embassies in 2019-20 17 iconic Tourism Sites being developed into world class tourist destinations Indian Development Assistance Scheme (IDEAS) to be revamped The Union Finance Minister proposed to consider issuing Aadhaar Card for Non-Resident Indians with Indian Passports. She […]
Lower rate of 25 % Corporate Tax extended to companies with Annual Turnover up to Rs. 400 crore from earlier cap of upto Rs 250 crore Interchangeability of PAN and Aadhaar to file tax return proposed 2 % TDS on cash withdrawal exceeding Rs. 1 crore in a year from a bank account to encourage […]
Assessee was not precluded from raising the issue of jurisdiction under section 153C, merely because it did not object to the same during assessment proceedings and participating therein, as the issue was purely a legal issue and could be raised at any time in the course of appellate proceedings.
Rs. 400 Cr allocated for creating world class educational institutions New education policy for reforms in school and higher education National research foundation (NRF) announced to step up research in thrust areas National sports education board for development of sports persons to be set up under Khelo India An amount of Rs. 400 crore has been […]
Rs 1,19,025 crore allocated for MHA in Union Budget 2019-20 A sum of Rs 1,19,025 crore has been allocated to the Ministry of Home Affairs (MHA) in the Union Budget 2019-20 presented by the Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman in the Parliament today. The budget allocation represents an increase of […]
Estimated savings/benefits of Rs. 59,599 crore upto March, 2019 under ‘PAHAL’ scheme There have been estimated savings/benefits of Rs. 59,599 crore for the Government upto March, 2019 under the ‘PAHAL’ scheme of the Ministry of Petroleum and Natural Gas. The statement of fiscal policy, as required under the Fiscal Responsibility and Budget Management Act, 2003, […]
Start-ups and their investors filing requisite declarations not to be subjected to any scrutiny regarding valuations of share premiums E-verification mechanism proposed for establishing identity of the investor and source of his funds TV programme proposed exclusively for Start-ups within the DD bouquet of channels Government to launch scheme inviting global companies to set up […]
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 lakhs Sabka Vishwas Legacy Dispute Resolution Scheme to resolve litigations involving more than Rs. 3.75 Lakh Crore of pre-GST regime Customs duty exemption […]
Stand-Up India Scheme extended till 2025 Government proposes streamlining multiple labour laws into a set of four Labour Codes New-age skills like AI, Big Data, VR, Robotics and Internet of Things to be promoted The Stand Up India Scheme has been extended upto the year 2025. This was stated by the Union Minister of Finance and Corporate […]
Government to encourage and facilitate role of women in India’s growth story Women Self Help Group interest subvention programme to be extended to all districts Every verified women SHG member with a Jan Dhan Bank Account to get an overdraft of Rs.5,000 One woman in every SHG will be eligible for a loan up to […]
