Budget 2019 - Page 2

A Bundle of joy# Budget 2019?

1. Standard deduction in respect of Salaried employees has been raised from Rs 40000 to Rs 50000: 2. Full tax rebate for individuals having taxable income upto Rs 500000 3. Increase in TDS threshold on interest on bank and post office deposits from Rs 10000 to Rs 40000 4. Section 54 Capital gain exemption now extends to two house propert...

Read More
Posted Under: Income Tax |

Finance Bill, 2019 passed by Lok Sabha

Finance Bill 2019 is passed by Lok Sabha on 12.02.2019 and Text of the same is as follows:- AS PASSED BY LOK SABHA ON 12-2-2019 Bill No. 5-C of 2019 THE FINANCE BILL, 2019 A BILL to continue the existing rates of income-tax for the financial year 2019-2020 and to provide for certain relief to […]...

Read More
Posted Under: Income Tax |

Interim budget has good news for property owners as well

This interim budget as expected intends to harvest good votes in the election season and has therefore proposed various beneficial proposals for small tax payers It  proposes various provisions which are beneficial for the owners of property. Let us discuss. Enhancement for limit on TDS on rent The Finance Minister (FM) has proposed to e...

Read More
Posted Under: Income Tax |

Interim Budget 2019-20 : key highlights of changes in Direct tax

Interim Budget 2019-20 is presented by Interim Finance Minister, Piyush Goyal. Here are some key highlights of changes in Direct tax: – No amendments in Income tax slab and Surcharge rates 1. The existing rate of Income tax will continue. Here is brief introduction of different rates of income tax for different entities: (i) Slab [&...

Read More
Posted Under: Income Tax |

E-book on Interim Budget – 2019 Analysis with Examples

This E-book / Article Contains following features of Interim Budget – 2019. 1. Standard Deduction and Rebate u/s. 87A 2. Example on Nil Tax for Senior Citizen upto Rs. 7.50 Lakhs Income 3. Example on Nil Tax for Others upto Rs. 7.10 Lakhs Income 4. Example on Extreme Tax Saving upto Rs. 11 Lakhs Income […]...

Read More
Posted Under: Income Tax |

Capital Gain Benefit on Sale of Residential House In Budget 2019 & Computation

Unbelievable change in budget 2019 about tax saving on sale of Residential house property under Section 54 of Income Tax Act, 1961.Inter Budget 2019 has proposed rollover of capital gains under Section 54 of the Income Tax Act from investment in one residential house to two residential houses for a taxpayer having capital gains up [&helli...

Read More
Posted Under: Income Tax |

Interim budget 2019 – Key highlights of announcements by Finance Minister

No change in tax slab, FM announces full tax rebate on annual income up to Rs 5 lakh - No tax will be there for those whose taxable income is less than Rs 5 lakh. Finance Minister has proposed that individuals with income upto Rs 5 lakh will not be required to pay any income tax for FY2019-20....

Read More
Posted Under: Income Tax |

Income Tax exemption upto Rs. 5 lakhs: All you want to know

The announcement made by the Finance Minister (FM)  of no tax liability for income upto Rs. 5 lakhs created euphoria initially. This  most beneficial proposal in the budget evinced the maximum interest and as well as also created maximum amount of  confusion in the minds of taxpayers till the dust settled down on the proposal […...

Read More

Latest budget amendments and all about Section 80C

Latest Budget amendments: 1. Income tax will be virtually nil for slab between 2.5 to 5 Lakhs tax slab by way rebate not straight. 2. Capital gain against property can be invested into 2 units instead of 1 currently. 3. Deemed rent in self-occupied will be go up from 1 to 2 units hence if […]...

Read More
Posted Under: Income Tax |

32 Key Points of Union Budget 2019

Highlights of Budget 2019 1. Within 2 years, Tax assessment will be done electronically 2. IT returns processing in just 24 hours 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty has abolished from 36 Capital Goods 5. Recommendations to GST council for reducing GST rates for home buyers 6. […]...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (4,086)
Company Law (4,558)
Custom Duty (7,245)
DGFT (3,891)
Excise Duty (4,187)
Fema / RBI (3,653)
Finance (3,856)
Income Tax (29,443)
SEBI (3,087)
Service Tax (3,442)

Search Posts by Date

April 2019
M T W T F S S
« Mar    
1234567
891011121314
15161718192021
22232425262728
2930