Key Highlights of Direct and Indirect Tax Proposals in Budget 2019

Last updated: 05 July 2019

Key Highlights of Direct and IndirectTax Proposals Direct Tax 1.The threshold of Turnover for companies to be taxed at 25% to be increased to 400 Crores: 2. Deduction on Interest on Housing Loan increased to Rs 3.5 lakhs 3. TDS OF 2% on cash withdrawal exceeding 1 cr in a year from a bank account. 4Surcharge on individuals having taxable income from 2 crore - 5 crores and 5 crores and above to be enhanced, so that effective tax rate will increase by around 3% and 7% respectively
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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