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    <title>key highlight _union Budget II 2019 - Income Tax</title>
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    <description>Domestic corporate tax eligibility for the reduced 25% rate is expanded by raising the turnover threshold. The Budget adds deductions for interest on home loans and electric vehicle loans, increases tax-free NPS withdrawal proportions, and revises surcharge bands. Compliance and withholding rules are broadened: mandatory return filing criteria are expanded by reference to large deposits and certain expenditures, PAN-Aadhaar linkage consequences are clarified, new TDS provisions cover high cash withdrawals and payments to contractors and professionals, and property-transfer consideration is defined to include ancillary charges.</description>
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    <pubDate>Mon, 08 Jul 2019 06:46:55 +0530</pubDate>
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      <title>key highlight _union Budget II 2019 - Income Tax</title>
      <link>https://www.taxtmi.com/article/detailed?id=8594</link>
      <description>Domestic corporate tax eligibility for the reduced 25% rate is expanded by raising the turnover threshold. The Budget adds deductions for interest on home loans and electric vehicle loans, increases tax-free NPS withdrawal proportions, and revises surcharge bands. Compliance and withholding rules are broadened: mandatory return filing criteria are expanded by reference to large deposits and certain expenditures, PAN-Aadhaar linkage consequences are clarified, new TDS provisions cover high cash withdrawals and payments to contractors and professionals, and property-transfer consideration is defined to include ancillary charges.</description>
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      <pubDate>Mon, 08 Jul 2019 06:46:55 +0530</pubDate>
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