https://www.taxtmi.com/article/detailed?id=8354 The proposals accelerate tax administration via electronic tax assessment within two years and 24-hour return processing; commit a minimum GST revenue share to States and propose customs duty abolitions on specified capital goods. They expand direct-tax relief through a comprehensive personal tax rebate up to a stated threshold after deductions, increase the standard deduction, exempt tax on a second self-occupied house, raise TDS thresholds for certain payments, extend capital gains reinvestment benefits to two residential houses, and prolong housing-related incentives and unsold-inventory relief timelines. en-us Fri, 01 Feb 2019 16:04:03 +0530 Fri, 01 Feb 2019 16:04:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8354 The proposals accelerate tax administration via electronic tax assessment within two years and 24-hour return processing; commit a minimum GST revenue share to States and propose customs duty abolitions on specified capital goods. They expand direct-tax relief through a comprehensive personal tax rebate up to a stated threshold after deductions, increase the standard deduction, exempt tax on a second self-occupied house, raise TDS thresholds for certain payments, extend capital gains reinvestment benefits to two residential houses, and prolong housing-related incentives and unsold-inventory relief timelines. Articles Budget - Tax Proposals Fri, 01 Feb 2019 16:04:03 +0530 https://www.taxtmi.com/article/detailed?id=8354