Union Budget News



ICSI President Welcomes the Interim BudgetThe Institute of Company Secretaries of India (ICSI) applauds the Interim Budget 2019 presented by the Finance Minister Piyush Goyal focusing on state of economy, tax reforms and GST, unorganized sectors, assured income to farmers, developing infrastructure,..

Posted in Union Budget |   657 Views




The Interim Finance Minister, Shri Piyush Goyal, being a Chartered Accountant with deep insight of the state of affairs of the Indian economy, while presenting his maiden Union Budget 2019-20,   emphasized that the country witnessed its best phase of macro-economic stability during the last fou..

Posted in Union Budget |   1213 Views




Interim Budget 2019-2020- Speech of Piyush Goyal, Minister of Finance on February 1, 2019 Madam Speaker, I rise to present the Interim Budget for the year 2019-20. PART A 1.  I am deeply conscious of the absence of Shri Arun Jaitley today. I am sure the House joins..

Posted in Union Budget |   810 Views




Relief of over Rs 23,000 crore to estimated 3 Crore small and middle class tax-payers TDS threshhold on interests on small savings raised Boost to housing and real estate sector FM announces a slew of tax reliefs for middle class and small tax payers Individual taxpayers having taxable a..

Posted in Union Budget  7 comments |   2301 Views




THE FINANCE BILL, 2019 A BILL to continue the existing rates of income-tax for the financial year 2019-2020 and to provide for certain relief to taxpayers and to make amendments in certain enactments. BE it enacted by Parliament in the Seventieth Year of the Republic of..

Posted in Union Budget |   2596 Views




Rates continuously reduced providing relief of about r. 80,000 crore annually to consumers Most items of daily use of poor and middle class now in the 0% or 5% tax slab Average GST collection in the current financial year stands at Rs. 97,100 crore per month as compared to Rs. 89,700 crore per month..

Posted in Union Budget |   210 Views




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 electronically The Government has reduced tax rates, more for the common man and middle class, and ma..

Posted in Union Budget |   108 Views




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 money measures taken by the Government duri..

Posted in Union Budget |   99 Views




BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET 2019-20 INTERIM BUDGET 2019-20 PRESENTED IN PARLIAMENT TODAY HAS A MAJOR SCHEME FOR FARMERS AND PROVIDES FOR INCOME TAX SOPS THIS INTERIM BUDGET IS TO BE VIEWED AS A MEDIUM FOR A PROGRESSIVE PATH FOR THE COUNTRY, THE FINANCE MINISTER S..

Posted in Union Budget |   1874 Views




The Finance Bill 2019-20 has brought many Direct Tax reforms. These reforms are aimed at providing relief to the individuals who fall under the middle class income bracket. It brings a general relief by giving rebate and at the same time provides further relief to the salaried class by increasing th..

Posted in Union Budget  31 comments |   6447 Views






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