Finance Bill 2019: Income Tax Rate Changes, Surcharge Hike, Digital Payment Boost, and New Tax Incentives for Housing & EVs.

The Finance (No.2) Bill, 2019 introduces changes to income tax rates, increases surcharges, and promotes digital payments. It includes new tax incentives aimed at encouraging investments in housing and electric vehicles (EVs). These measures are designed to stimulate economic growth and modernize the financial landscape. The bill reflects a strategic approach to leveraging fiscal policy for broader economic benefits while addressing contemporary needs such as sustainable transportation and digital transactions. .....

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