HIGHLIGHTS OF BUDGET 2019

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..... HIGHLIGHTS OF BUDGET 2019
By: - CSSwati Rawat
Budget - Tax Proposals
Dated:- 1-2-2019

Tax proposals: 1. Tax assessment to be done electronically within 2 years 2. 24 hours IT returns .....

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..... processing initiative 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty abolishment from 36 Capital Goods 5. Recommendations to GST council for reducing GST rates for home bu .....

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..... yers 6. Full Tax rebate upto 5 lakh annual income after all deductions. 7. Increment of Standard deduction from ₹ 40000 to ₹ 50000 8. Exempt on tax on second self-occupied house 9. Cei .....

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..... ling Limit of TDS u/s 194A has increased from ₹ 10000 to ₹ 40000 10. Ceiling Limit of TDS u/s 194I has increased from ₹ 180000 to ₹ 240000 11. Capital tax Benefit u/s 54 - be .....

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..... nefit increased from investment in one residential house to two residential houses. 12. Benefit u/s 80IB has increased to one more year i.e. 2020 13. Benefit given to unsold inventory - increased to .....

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..... one year to two years.
Scholarly articles for knowledge sharing by authors, experts, professionals .....

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