PART-A Presenting the first Union Budget of the third decade of the 21st century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series of far-reaching reforms, aimed at energizing the Indian … Read more
Lower rate of 25 % Corporate Tax extended to companies with Annual Turnover up to Rs. 400 crore from earlier cap of upto Rs 250 crore. Interchangeability of PAN and … Read more
GST processes further simplified; businesses with less than Rs. 5 crore annual turnover to file quarterly GST returns; threshold for goods supplier to be enhanced from Rs. 20 lakhs to … Read more
Start-ups and their investors filing requisite declarations not to be subjected to any scrutiny regarding valuations of share premiums. E-verification mechanism proposed for establishing identity of the investor and source … Read more
Stand-Up India Scheme extended till 2025. Government proposes streamlining multiple labour laws into a set of four Labour Codes. New-age skills like AI, Big Data, VR, Robotics and Internet of … Read more
Union Budget Proposes Strengthening MSMEs to Boost Make in India. Rs. 350 Crore Allocated Under Interest Subvention Scheme. Pension Benefit to 3 Crore Retail Traders, Small Shopkeepers with Annual Turnover … Read more
Tax rates for individuals having taxable income from Rs. 2 cr – 5 cr and Rs. 5 cr & above to be increased by around 3 % and 7 % … Read more
Lower 25% corporate tax rate is to be applicable to those with annual turnover upto Rs.400 crore instead of the current limit of Rs.250 crore. Increase in surcharge by 3% … Read more
The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman made her maiden Budget Speech today and presented the Union Budget 2019-20 before the Parliament. The key highlights of … Read more
Date: 8th Jun 2019 To,Smt. Nirmala SitharamanHon’ble Union Minister of FinanceGovernment of IndiaNorth BlockNew Delhi – 110001 Hon’ble Madam, Subject: SUGGESTIONS TO CONSIDER for BUDGET 2019 IMPLEMENTATION on Taxation The … Read more