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Live updates and discussion on Budget 2019

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Direct tax collections from 6.38 lakh crore rupees in 2013-14 to almost 12 lakh crore rupees; tax base up from Rs 3.79 crore to Rs 6.85 crore. 99.54% returns have been accepted without any scrutiny.

Businesses with less than Rs. 5 crore annual turnover, comprising over 90% of GST payers, will be allowed to return quarterly returns: FM

18% increase in direct tax collections in 2017-18, 1.06 crore people included in tax base; more than 1 crore citizens filed IT returns for the first time, after demonetization: FM Shri Piyush Goyal #Budget2019

#UnionBudget2019 : We are poised to become a 5 trillion dollar economy in the next five years, we aspire to become a 10 trillion dollar economy in the next eight years: FM Shri Piyush Goyal

FM: Rs. 1,30,000 crores undisclosed income brought to tax

why is the budget interim?

FM: Benaami transactions Rs. 6900 crores and foreign income worth Rs. 1600 crores were found

Single window clearance for filmmaking to be made available to Indian filmmakers

 

FM: 3,38,000 shell companies were wound up and directors of these companies disqualified

No relief for salaried class yet !!

People who terms Vijay Maliya and Nirav Modi as NPA are not really aware of the terms used by the bank. Both the individual stated above are economic offenders as the term used internationally.

Assured farm income for farmers: FM

Committed to eliminating the scourge of black money: FM

FM: Within next 2 years all assessment of returns to be done electronically

The Group of Ministers is examining how prospective house buyers can benefit under Goods & Services Tax: FM


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