HIGHLIGHTS OF BUDGET 2019

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....IGHLIGHTS OF BUDGET 2019<br>By: - CSSwati Rawat<br>Budget - Tax Proposals<br>Dated:- 1-2-2019<br><br>Tax proposals: 1. Tax assessment to be done electronically within 2 years 2. 24 hours IT returns ....

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....processing initiative 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty abolishment from 36 Capital Goods 5. Recommendations to GST council for reducing GST rates for home buy....

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....ers 6. Full Tax rebate upto 5 lakh annual income after all deductions. 7. Increment of Standard deduction from &#8377; 40000 to &#8377; 50000 8. Exempt on tax on second self-occupied house 9. Ceil....

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....ing Limit of TDS u/s 194A has increased from &#8377; 10000 to &#8377; 40000 10. Ceiling Limit of TDS u/s 194I has increased from &#8377; 180000 to &#8377; 240000 11. Capital tax Benefit u/s 54 - ben....

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....efit increased from investment in one residential house to two residential houses. 12. Benefit u/s 80IB has increased to one more year i.e. 2020 13. Benefit given to unsold inventory - increased to ....

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....one year to two years.<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....