https://www.taxtmi.com/news?id=21635 The Budget 2019-20 proposes targeted tax and administrative measures to promote start-ups and sunrise industries: valuation protections and non-scrutiny of share-premium for compliant start-ups and Category-II AIF investments, relaxation of loss carry-forward rules, extension of capital gains exemption for reinvestment into start-ups, and investment-linked income tax exemptions under Section 35AD for global mega-manufacturing projects. It also expands the lower corporate tax turnover threshold, raises surcharge for very high incomes, launches phased Faceless Assessment, mandates digital-payment facilitation with a proposed 2% TDS on large cash withdrawals, and implements customs, GST, excise, NBFC, IFSC and legacy dispute resolution reforms to support Make in India, EV adoption, and tax administration modernization. en-us Fri, 05 Jul 2019 16:56:02 +0530 Fri, 05 Jul 2019 16:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21635 The Budget 2019-20 proposes targeted tax and administrative measures to promote start-ups and sunrise industries: valuation protections and non-scrutiny of share-premium for compliant start-ups and Category-II AIF investments, relaxation of loss carry-forward rules, extension of capital gains exemption for reinvestment into start-ups, and investment-linked income tax exemptions under Section 35AD for global mega-manufacturing projects. It also expands the lower corporate tax turnover threshold, raises surcharge for very high incomes, launches phased Faceless Assessment, mandates digital-payment facilitation with a proposed 2% TDS on large cash withdrawals, and implements customs, GST, excise, NBFC, IFSC and legacy dispute resolution reforms to support Make in India, EV adoption, and tax administration modernization. News - Fri, 05 Jul 2019 16:56:02 +0530 https://www.taxtmi.com/news?id=21635