Income-tax rate continuity preserved, maintaining the existing tax framework while providing targeted taxpayer reliefs and statutory amendments. The Bill preserves existing income-tax rates for the financial year, provides targeted taxpayer reliefs, and authorises consequential amendments to enactments; it is titled the Finance Act, 2019 and, unless otherwise specified, certain operative provisions commence on the first day of the relevant financial year.
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Provisions expressly mentioned in the judgment/order text.
Income-tax rate continuity preserved, maintaining the existing tax framework while providing targeted taxpayer reliefs and statutory amendments.
The Bill preserves existing income-tax rates for the financial year, provides targeted taxpayer reliefs, and authorises consequential amendments to enactments; it is titled the Finance Act, 2019 and, unless otherwise specified, certain operative provisions commence on the first day of the relevant financial year.
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