Tax Changes In Budget 2019
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Budget 2019: Will Tax On The Rich Hit Foreign Investment Inflows?
In her budget, Finance Minister Nirmala Sitharaman proposed a tax increase for individuals with an annual income of over Rs 2 crore
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Tax On Super-Rich Decoded: Here's Your Complete Guide To Understanding New Rules
Income tax slab: "In view of rising income levels, those in the highest income brackets, need to contribute more to the nation's development," Finance Minister Nirmala Sitharaman said while presenting her first Budget on July 5. Surcharge is an additional levy on tax which is imposed on taxpayers earning higher income.
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Government Raises Interest Deduction Limit On Home Loan In Budget 2019. What It Means For You
After introduction of the new Section 80EEA, the maximum deduction an individual taxpayer can claim will stand at Rs 3.5 lakh.
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Budget 2019: Major Changes Announced On Filing Of Income Tax Return
Income tax return changes announced in Budget 2019: The government announced "interchangeability of PAN and Aadhaar", meaning those who do not have PAN will be able to file income tax returns by quoting their Aadhaar number. Quoting of Aadhaar number will also be accepted instead of PAN under the Income Tax Act.
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Here Are 10 Income Tax Provisions Announced In Budget 2019
In her first Budget, Finance Minister Nirmala Sitharaman made no changes in the income tax structure. However, she announced a slew of new income tax proposals that could impact many taxpayers. "We are thankful to the taxpayers who play a major role in nation building by paying their taxes. However, in view of rising income levels, those in the hig...
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"Taxpayers Play A Major Role In Nation Building": Nirmala Sitharaman
In today's Budget announcement, Ms Sitharaman announced no changes in the income tax structure.
-
Budget 2019: Electric Vehicles To Get More Affordable
The NDA 2.0 government made some major announcements for pushing electric mobility in India as part of the Union Budget 2019. While the Indian auto sector did not witness any dramatic changes in tax norms, Finance Minister Nirmala Sitharaman recommended reducing the GST rate on electric vehicles from the current 12 per cent to five per cent in a bi...
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Budget 2019: Government Proposes To Enhance Surcharge On Super Rich, No Changes In Income Tax Structure
Finance Minister Nirmala Sitharaman announced no changes in the income tax structure in the first Budget of Prime Minister Narendra Modi's second term. Leaving the income tax slabs and rates intact, Ms Sitharaman however proposed to enhance the surcharge on the super rich. The government enhanced the surcharge on individuals having taxable income a...
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Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
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Budget 2019: 10 Things To Know About 'Budget Briefcase'
Union Budget 2019: From economists to analysts to tax experts to the general public, all eyes remain on Budget announcements for any signs of changes in policy in the coming period.
-
Budget 2019: Here Are 10 Important Terms You Should Know
From economists to analysts to tax experts to the general public, all eyes remain on Budget announcements for any signs of changes in policy in the coming period.
-
Budget: Industry Body For Hike In 80C Income Tax Deduction To Rs 3 Lakh
India Budget 2019: Assocham, in its Pre-Budget Memorandum has demanded that the deductions under the Section 80C of the Income Tax act should be increased to Rs 3 lakh from existing deduction limit of Rs 1.5 lakh, among other demands on the income tax front. Assocham said the current limit needs to be revised with passage of time. A higher limit wi...
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Interim Budget 2019: How Your Income Tax Liability Is Set To Change From Assessment Year 2020-21
Income tax rules (interim Budget 2019): Careful planning of investments as perincome tax lawscan lead to a significant reduction in the assessees' overall tax outgo, say financial advisors.
-
How Your Income Tax Outgo Is Set To Change Going Forward
While the income tax changes announced in Budget 2019 will take effect from the financial year 2019-20 (assessment year 2020-21), the existing laws define how much income tax individuals have to shell out for the year ended March 31 (FY2018-19).
-
Budget 2019: Income Tax Changes And How They Will Impact You
While keeping the income tax slabs unchanged, Union Minister Piyush Goyal proposed a full tax rebate on annual personal income up to Rs 5 lakh. He also announced an increase in standard deduction limit for salaried individuals to Rs 50,000, from Rs 40,000.
-
Budget 2019: Will Tax On The Rich Hit Foreign Investment Inflows?
In her budget, Finance Minister Nirmala Sitharaman proposed a tax increase for individuals with an annual income of over Rs 2 crore
-
Tax On Super-Rich Decoded: Here's Your Complete Guide To Understanding New Rules
Income tax slab: "In view of rising income levels, those in the highest income brackets, need to contribute more to the nation's development," Finance Minister Nirmala Sitharaman said while presenting her first Budget on July 5. Surcharge is an additional levy on tax which is imposed on taxpayers earning higher income.
-
Government Raises Interest Deduction Limit On Home Loan In Budget 2019. What It Means For You
After introduction of the new Section 80EEA, the maximum deduction an individual taxpayer can claim will stand at Rs 3.5 lakh.
-
Budget 2019: Major Changes Announced On Filing Of Income Tax Return
Income tax return changes announced in Budget 2019: The government announced "interchangeability of PAN and Aadhaar", meaning those who do not have PAN will be able to file income tax returns by quoting their Aadhaar number. Quoting of Aadhaar number will also be accepted instead of PAN under the Income Tax Act.
-
Here Are 10 Income Tax Provisions Announced In Budget 2019
In her first Budget, Finance Minister Nirmala Sitharaman made no changes in the income tax structure. However, she announced a slew of new income tax proposals that could impact many taxpayers. "We are thankful to the taxpayers who play a major role in nation building by paying their taxes. However, in view of rising income levels, those in the hig...
-
"Taxpayers Play A Major Role In Nation Building": Nirmala Sitharaman
In today's Budget announcement, Ms Sitharaman announced no changes in the income tax structure.
-
Budget 2019: Electric Vehicles To Get More Affordable
The NDA 2.0 government made some major announcements for pushing electric mobility in India as part of the Union Budget 2019. While the Indian auto sector did not witness any dramatic changes in tax norms, Finance Minister Nirmala Sitharaman recommended reducing the GST rate on electric vehicles from the current 12 per cent to five per cent in a bi...
-
Budget 2019: Government Proposes To Enhance Surcharge On Super Rich, No Changes In Income Tax Structure
Finance Minister Nirmala Sitharaman announced no changes in the income tax structure in the first Budget of Prime Minister Narendra Modi's second term. Leaving the income tax slabs and rates intact, Ms Sitharaman however proposed to enhance the surcharge on the super rich. The government enhanced the surcharge on individuals having taxable income a...
-
Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
-
Budget 2019: 10 Things To Know About 'Budget Briefcase'
Union Budget 2019: From economists to analysts to tax experts to the general public, all eyes remain on Budget announcements for any signs of changes in policy in the coming period.
-
Budget 2019: Here Are 10 Important Terms You Should Know
From economists to analysts to tax experts to the general public, all eyes remain on Budget announcements for any signs of changes in policy in the coming period.
-
Budget: Industry Body For Hike In 80C Income Tax Deduction To Rs 3 Lakh
India Budget 2019: Assocham, in its Pre-Budget Memorandum has demanded that the deductions under the Section 80C of the Income Tax act should be increased to Rs 3 lakh from existing deduction limit of Rs 1.5 lakh, among other demands on the income tax front. Assocham said the current limit needs to be revised with passage of time. A higher limit wi...
-
Interim Budget 2019: How Your Income Tax Liability Is Set To Change From Assessment Year 2020-21
Income tax rules (interim Budget 2019): Careful planning of investments as perincome tax lawscan lead to a significant reduction in the assessees' overall tax outgo, say financial advisors.
-
How Your Income Tax Outgo Is Set To Change Going Forward
While the income tax changes announced in Budget 2019 will take effect from the financial year 2019-20 (assessment year 2020-21), the existing laws define how much income tax individuals have to shell out for the year ended March 31 (FY2018-19).
-
Budget 2019: Income Tax Changes And How They Will Impact You
While keeping the income tax slabs unchanged, Union Minister Piyush Goyal proposed a full tax rebate on annual personal income up to Rs 5 lakh. He also announced an increase in standard deduction limit for salaried individuals to Rs 50,000, from Rs 40,000.
