Budget 2018-19 Interpretations

Budget Interpretations

  • 14:14 FM says mfg sector is back on growth path; exports expected to grow at 15% in FY18
  • 14:11 FM says focus is now on ease of living after improvement in ease of doing biz
  • 14:10 Setting up an Agricultural Market Fund with corpus of Rs 2,000 Cr, says FM
  • 14:07 No retro tax in capital gains apositive for capital markets, says Dhruva
  • 14:04 Current exemption of NPS withdrawal extended for non-salaried tax payers, says KPMG
  • 13:29 FM said propose to cut import duty on raw cashews to 2.5% from 5%
  • 13:26 Eco Affairs Secy says changes made in MAT rules to benefit purchase of stressed cos under IBC
  • 13:22 Introduction of LTCG tax to have an impact on future IPOs, says Dhruva
  • 13:21 Peak rate for individual taxpayers enhanced to 35.88% from 35.53%, says KPMG
  • 13:20 KPMG says max tax rate for companies with over Rs 250 Cr turnover is now 34.61%
  • 13:06 STT even after LTCG introduction means increased cost of transaction, Dhruva says
  • 13:01 Will take steps to curb illegitimate transactions funded by cryptocurrency, says FM
  • 12:58 Customs duty on mobile phones increased by 5% To 20%, Dhruva
  • 12:58 Customs duty increase impetus to Make in India, says KPMG
  • 12:51 No mention of tax benefits for start-ups & IBC cos yet, says Dhruva
  • 12:48 Foreign companies trading in derivatives in IFSC exempt from tax, says KPMG
  • 12:46 Farm producer cos with turnover of Rs100 crore to be tax exempt for 5 yrs, says KPMG
  • 12:45 Short-term Capital Gains Tax continues to be 15%, says FM
  • 12:44 Govt levies long-term capital gains tax of 10% for over Rs 1 lk investment, says FM
  • 12:43 5% variation to circle rate permitted for real estate transactions, says KPMG
  • 12:40 FM says, deduction for senior citizens increased to Rs 50,000 for medical insurance
  • 12:39 Standard deduction of Rs 40,000 for salaried employees in lieu of transport, medical exp, says FM
  • 12:37 FM says govt to set up an e-office to disclose financial information, says FM
  • 12:36 To set up comprehensive gold policy; to revamp Gold Monetisation Scheme, says FM
  • 12:35 No change in personal income tax structure, says FM
  • 12:34 100% tax deduction to cos with rev of Rs 100 cr as farmer producers, says FM
  • 12:26 FM says FY18 revised estimate for fiscal deficit at 3.5% of GDP; FY19 fiscal deficit target at 3.3% of GDP
  • 12:24 Two defence corridors to boost mfg & capital goods cos, says FM
  • 12:23 PSU bank recap will allow banks Rs 5 lakh cr of additional lending in FY19, says FM
  • 12:19 Amendments to state stamp act - bold step to subsume stamp duty under GST, says Dhruva
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