Finance Act, 2019 notified by Govt. post President’s Ascent
Ministry of Law & Justice, Govt. of India has notified the Finance Act 2019, which has received the assent of the Hon'ble President of India on 21st February, 2019, …
Category: Budget
Union Budget India 2019-20/ Finance Bill, 2019 (Download PDF Copy)
India’s Union Budget (2019-20)/ Finance Bill, 2019 has been presented by MoF Sh. Piyush Goyal in the Parliament, today (i.e. 1 Feb. 2019). Download PDF Copy of Budget 2019-20/ …
Section 54 Tax Benefit proposed to be Extended to Purchase/ Construction of 2 Houses
Finance Minister Sh Piyush Goyal has proposed in Budget 2019 to allow taxpayers with an option to purchase or construct two residential houses in India for Claiming one time tax …
Second Self-occupied House Property proposed to be Exempted from Deemed Rental Income
While presenting the Budget 2019 for FY 2019-20, Finance Minister Sh Piyush Goyal has proposed to exempt second self-occupied house property from tax liability on account of notional rent …
TDS on Rent Payment u/s 194I: Limit Increased from Rs. 1,80,000 to 2,40,000 (Budget 2019)
While presenting the Budget 2019 for FY 2019-20, Finance Minister Sh Piyush Goyal has proposed to increase the threshold limit from Rs. 1,80,000 to 2,40,000 for TDS on Payment of Rent …
TDS on Interest u/s 194A: Limit Increased from Rs. 10,000 to 40,000 (Budget 2019)
Finance Minister Sh Piyush Goyal has proposed in Budget 2019 to increase the threshold limit for TDS on Interest u/s 194A from Rs. 10,000 to 40,000 in respect of interest payments …
Standard Deduction increased from Rs. 40,000 to Rs. 50,000 (Budget 2019)
Finance Minister Sh Piyush Goyal has proposed in Budget 2019 to increase the Standard Deduction limit from Rs. 40,000 to Rs. 50,000 for benefit of Salaried/ Pensioner Individuals or Taxpayers …
Full Tax Rebate for Individuals having Income upto Rs. 5 lac (Budget 2019)
Finance Minister Sh Piyush Goyal has proposed in Budget 2019 to provide Full Tax Rebate u/s 87A for Individuals having Taxable Income upto Rs. 5 lac. Persons having investments …
CBDT’s Explanatory Notes to Provisions of Finance Act, 2018
The CBDT has issued "Explanatory Notes to the Provisions of Finance Act, 2018 in the matter of income tax (i.e. section-wise substance of the amended provisions applicable for FY …
Finance Act, 2018 (Applicable for FY 2018-19/ AY 2019-20) notified by Govt.
Govt. of India has notified the 'Finance Act, 2018', an Act to give effect to the financial proposals of the Central Government for the financial year 2018-2019 (i.e. Applicable for FY …
