Sitharaman’s proposed tax sops for buyers of electric cars, customs exemptions for car makers, investments for infrastructure development will force the industry to bite the bullet
Increase in minimum public shareholding is likely to be implemented over a period of time and the market would be given time to absorb this
Measures proposed in Budget 2019 do give teeth to the RBI for regulating NBFCs and HFCs. The question of execution will remain
FAQs on the Budget estimates
FM has tried to correct key problems of debt overhang and stressed balance sheets that are at the heart of the current investment slowdown. However, the massive political mandate called for bolder reforms
The actualisation of healthy corporate income tax assumptions will critically depend on how rapidly the broader economy turns around, and how quickly consumption spending picks up
The budget speech delivered by finance minister Nirmala Sitharaman was conspicuously skimpy on agriculture and water. The budget highlights make a brief mention of a Jal Shakti Abhiyan focussing on 1592 over-exploited and critical blocks
The market displayed knee jerk reaction after the surcharge on individuals having taxable income from Rs 2 crore to Rs 5 crore increase by around 3% and 7% respectively.
In her maiden budget speech, Finance Minister Nirmala Sitharaman made a string of announcements, some of which directly impact the common man.
According to the ministry data, the allocation to the department was Rs 3,400 crore (budget estimate) in 2018-19
All sectoral indices closed in red barring Bank and FMCG. Nifty Auto index fell nearly 3 percent and Metal 3.8 percent.
This change, however, will not affect the levying of STT on any other transaction on the exchanges
The arguments both in favour and against increasing direct tax for this category have come in.
No income earners above the threshold would still be filing tax returns
The step is taken to discourage the practice of avoiding Dividend Distribution Tax (DDT) through buyback of shares by listed companies
Finance Minister Nirmala Sitharaman in her Budget 2019 speech said the customs duty on gold and precious metals will be increased to 12.5 percent from an existing 10 percent
Houses costing less than Rs 45 lakh can get the benefit
The special additional excise duty will increase government's gross revenue collections from petroleum products, which ultimately helps Centre to keep fiscal deficit in check and fund expenditure.
Aadhaar number would suffice to file income tax. Withdrawal in excess of Rs 1 crore to attract 2 per cent TDS.
The Street was expecting that LTCG would get reduced or rolled back to boost sentiments. The reintroduction of LTCG did not make much of a difference when it comes to tax revenues
Government has proposed to put special additional excise duty of Re 1 per litre and road cess of Re 1 per litre on petrol and diesel, in Budget 2019
Individuals who do not have PAN will soon be able to file their ITR by quoting their Aadhaar number.
The channel will bring together startups and venture capitalists and funding planning on one platform.
Startups and investors who provide requisite documents will not be subject to angel tax assessment, said FM Sitharaman in her maiden Budget speech.
The government has proposed additional income tax deduction of Rs 1.5 lakh on interest on loan taken for electric vehicle purchase.