Live updates and discussion on Budget 2019

Page no : 5

Mita Basak (Professional) (1878 Points)
Replied 05 July 2019

Govt. has already GST_Council to reduce tax rate from 12% to 5%; additional income tax deduction of 1.5 lakh rupees on interest paid on loans taken to purhase electric vehicles: : FM

No change in personal income tax rates

Henry Dsouza (Chartered Accountants Firm) (323 Points)
Replied 05 July 2019

Excise duty on fuel hiked by 1 rupee : FM
FM proposes increase in custom duty on gold and other products : FM
Ex-defence minister exempts 'basic duty' on defence imports : FM

Ayush (na) (19 Points)
Replied 05 July 2019

To provide further impetus to affordable housing, additional deduction of 1.5 lakh rupees on interest paid on loans borrowed upto 31 Mar, 2020 for purchase of house up to 45 lakhs : FM

Ayush (na) (19 Points)
Replied 05 July 2019

Faceless income tax assessment in electronic mode involving no human interface to be launched this year in a phased manner, to reduce taxpayer harassment: FM
PAN and Aadhaar to be made interchangeable for convenience of tax payers; Income Tax returns can now on be filed using Aadhaar number, if PAN card not available : FM
Several direct tax incentives to be provided to International Financial Services Centre to incentivize IFSCs : FM
Relief in levy of Securities Transaction tax to be provided : FM