Budget

Hela February 15, 2019

Budget 2019: The BJP government is all set to present the Interim Budget on Friday. This might be government’s last chance to woo the salaried and the middle-class and they might dole out these tax incentives. Representative Image  |  Photo Credit: Times Now New Delhi: President Ram Nath Kovind’s address to a joint sitting of Parliament marked […]

Hela February 15, 2019

In an ideal scenario, Budget doesn’t impact the lending rates of banking system. But, the reforms taken by the government play key part for lenders in deciding the interest rates on home, personal and vehicle loans. For banks, the pressure arises from government’s small savings schemes, which has forced the lenders to aggressively hike deposit rates […]

Hela February 15, 2019

The Rajya Sabha passed the Interim Budget and Finance Bill 2019-20 without a debate on February 13– the last day of the Budget session of Parliament. The Interim Budget, Appropriation Bills and Finance Bill were passed by a voice vote in the Upper House after a broad consensus was arrived among political parties to pass […]

Hela February 12, 2019

There EDMC budget announced on January 22, 2019 has proposed constructing new schools in 10 localities(HT File / Representative Photo ) The cash-strapped East Delhi Municipal Corporation (EDMC) has decided to scrap proposals to impose new taxes in the financial year 2019-20. To cope with losses, then EDMC commissioner Puneet Goel had in December proposed three new […]

Hela February 12, 2019

The finance minister, in his interim budget speech, proposed a complete rebate on tax for those earning up to ₹5 lakh a year, with an eye on middle-class voters before the general elections this year. The beneficiaries of this move could include people with annual income of around ₹10 lakh. This is because various tax […]

Hela February 12, 2019

The interim budget announced on Februrary 1 has been hailed by developers and realty experts for the good news it brought to the real-estate segment. This includes the increased exemption period for notional tax on unoccupied houses (from a year to two years); no tax on house rents up to Rs 2.4 lakh; rollover of […]

Hela February 12, 2019

ax relief for the middle class was one of the highlights of Finance Minister Piyush Goyal’s Budget 2019 speech. Proposing several changes to the tax structure, Piyush Goyal – presenting the NDA government’s last budget in an election year – proposed no tax on income up to Rs 5 lakh. (Live updates) Read: Highlights of […]

admin February 11, 2019

Individual taxpayers taking home up to ₹5 lakh a year will be spared from having to pay income tax from the next financial year, finance minister Piyush Goyal said on Friday, as he unveiled a middle class friendly interim budget ahead of the next general election. The benefit will accrue in the form of a […]