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Live updates and discussion on Budget 2019

Page no : 10

vamsi krishna (article student) (280 Points)
Replied 01 February 2019

This is not just an Interim Budget, this is a vehicle for the developmental transformation of the nation: FM



vamsi krishna (article student) (280 Points)
Replied 01 February 2019

Income tax relief on Notional Rent from unsold houses extended to 2 years: FM


Mita Basak (Professional) (1878 Points)
Replied 01 February 2019

Finance Minister says no income tax for income up to 5 lakh
FM announces tax exemption for income up to Rs 5 lakh per year
Govt announces tax exemption for income up to Rs 5 lk/yr: FM


Niyati (Student) (6202 Points)
Replied 01 February 2019

Individual taxpayers having annual income upto Rs 5 lakhs will get full tax rebate. Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident funds and prescribed equities :FM Piyush Goyal


vamsi krishna (article student) (280 Points)
Replied 01 February 2019

Piyush Goyal concludes his speech. Lok Sabha adjourned till February 4




Mita Basak (Professional) (1878 Points)
Replied 01 February 2019

Capital gains exemption under Sec 54 to be available on 2 house properties
Capital gains exemption under Sec 54 increased to Rs 2 cr: FM
TDS limit hiked from Rs 10,000 to Rs 40,000 on Post-Office savings.
Tax on notional rent on unsold inventory to be levied after 2 years: FM
No TDS on house rent of up to Rs 2.4 lakh per year: FM
Capital gains exemption under section 54 increased to Rs 2 crore, to be available on 2 house properties


vamsi krishna (article student) (280 Points)
Replied 01 February 2019

Individual taxpayers having annual income upto Rs 5 lakhs will get full tax rebate. Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident funds and prescribed equities :FM Piyush Goyal 

 

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vamsi krishna (article student) (280 Points)
Replied 01 February 2019

Capital gains exemption under Sec 54 to be available on 2 house properties Capital gains exemption under Sec 54 increased to Rs 2 cr: FM TDS limit hiked from Rs 10,000 to Rs 40,000 on Post-Office savings. Tax on notional rent on unsold inventory to be levied after 2 years: FM No TDS on house rent of up to Rs 2.4 lakh per year: FM Capital gains exemption under section 54 increased to Rs 2 crore, to be available on 2 house properties

Individual taxpayers having annual income upto Rs 5 lakhs will get full tax rebate. Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident funds and prescribed equities :FM Piyush Goyal  

 


CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 02 February 2019

OVERALL budget is awesome as it tries to cover all the sector 

as households benefits are at par for the salaried person and even for the other individuals. 

and the investors are also happy as the stamp duty in securities are get centralised as  earlier it is charged as state wise stamp duty ... and there will be reduction in stamp duty (expected) unified tax for investors w.r.t. STAMP DUTY 

they also cover farmers via giving 6000 per month 

also cover the unorganised sector employees, as to provide pension 3000 per year after age of 60 years 

and benefits to person having two houses 

and much more 

so the overall budget is awesome !!   


Nitesh bind (Student CA Final ) (12692 Points)
Replied 02 February 2019

thanks for the information




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