Union Budget & Policy News

Tax collections increased from Rs 6.38 Lakh Crore to almost Rs 12 Lakh Crore this year

01 February 2019 at 13:34

80% growth in tax base; number of returns filed increased from 3.79 crore to 6.85 Crore Within the next 2 years, almost all verification and assessment of returns selected for scrutiny to be done electronicallyThe Government has reduced tax rates, mo

Posted in Union Budget & Policy | 2070 Views

Anti-black money measures brought undisclosed income of about Rs 1.3 Lakh Crore to tax

01 February 2019 at 13:34

Rs 6,900 Crore worth Benami assets and Rs 1600 Crore worth foreign assets attached 18% growth in direct tax collection in Fy 2017-18 Tax base increased by 1.06 Crore people filing ITR for 1st time mainly on account of demonetization The anti-black mo

Posted in Union Budget & Policy | 1704 Views

Budget summary with Major Highlights of Interim Budget 2019-20

01 February 2019 at 13:35

BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET 2019-20

Posted in Union Budget & Policy | 8388 Views

Major Direct Tax updates from Budget 2019-20

01 February 2019 at 13:07

Latest News: Major Direct Tax updates from Budget 2019-20 Taxable slab rate revised- Minimum exemption limit raised to Rs. 500,000 from Rs. 250,000 TDS deduction on fixed deposit raised from Rs. 10,000 to Rs. 40,000 Standard deduction for salaried c

Posted in Union Budget & Policy | 31 comments | 23187 Views

Highlights of Tax Proposals - Union Budget 2018-19

03 February 2018 at 14:10

UNION BUDGET 2018 HIGHLIGHTS - DIRECT TAXESTAX RATESNo change in tax rates and basic exemption limitTax rates continue to be same for A.Y. 2019-20 as applicable for A.Y. 2018-19. Further, there is no change in the basic exemption limits.Health

Posted in Union Budget & Policy | 9030 Views

Detailed provisions related to Direct taxes in Budget 2018

01 February 2018 at 15:18

The provisions of Finance Bill, 2018 relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as 'the Act') to continue to provide momentum to the buoyancy in direct taxes through deepening and widening of the ta

Posted in Union Budget & Policy | 7830 Views

Budget 2018 Speech by FM : Arun Jaitley

01 February 2018 at 14:31

Section IGovernance, Economy and DevelopmentMadam Speaker,1. I rise to present the Budget for 2018-19.2. Madam, four years ago, we pledged to the people of India togive this nation an honest, clean and transparent Government. Wepromised a leadership

Posted in Union Budget & Policy | 4098 Views

Highlights of Budget 2018-19

01 February 2018 at 13:25

Finance Minister Shri Arun Jaitley presents general Budget 2018-19 in Parliament. Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors Government says, a series of str

Posted in Union Budget & Policy | 3 comments | 55161 Views