Final budget 2019 || modi budget


NAVEEN CHAND (GST Practitioner )     05 July 2019

NAVEEN CHAND
GST Practitioner  
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Hello Members , 

as the #TODAYBUDGET is focusing on MSME and Start Up , however we can conclude that Budget is moderate. 

Following Key Points on Taxes as follows : 

* No change in personal income tax rates 

* Petrol, diesel to get pricier: Govt hike custom duty on fuel, gold and precious items 

* Increase in surcharge on super rich: 3% surcharge for Rs 2 crore income; 7% on Rs 5 crore and above 

* Annual turnover limit for 25% Corporate tax raised to Rs 400 crore from Rs 250 crore 

* Taxpayers with annual turnover of less than Rs 5 crore to have to file only quarterly 

* Direct tax revenue has increased by 78% 

* Additional Rs 1.5 lakh deduction on home loans 

* Interchangeability of PAN and Aadhaar for ITR who don't have PAN cards 

* 2% TDS on withdrawals of Rs 1 crore in a year from bank accounts for business payments 

* Govt waives MDR changes on cashless payment 

 

what is your point of view on TODAY BUDGET ? 

Thanks 

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NS KHARTHIKVIJAYAN   05 July 2019

NS KHARTHIKVIJAYAN

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will petrol & dieseal prices goes high

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NAVEEN CHAND (GST Practitioner )     05 July 2019

NAVEEN CHAND
GST Practitioner  
 787 likes  11097 points

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off course 

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Suryansh Chaudhary   05 July 2019

Suryansh Chaudhary

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This budget can be the best financial statement if applied correctly. Analyse yourself through elaborated reports from  https://www.dialabank.com/article.cfm/articleid/42004/union-budget-2019-live-updates-indian-budget-2019 


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