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Saturday, July 6th, 2019


Firms with turnover of Rs 400 crore to pay lower 25% corporate tax, says FM

19107 tax inhouse

The proposal would cover 99.3 per cent of the companies operating in the country. Finance Minister Nirmala Sitharaman on Friday proposed to raise the yearly turnover limit from Rs 250 crore to Rs 400 crore for profiting a lower corporate tax rate of 25 percent. The proposition would cover 99.3 percent of the organizations working in the nation, she said while displaying Union Budget 2019-20 in the Lok Sabha. She further said just 0.7 percent of the organizations will presently stay outside the 25 percent corporate duty section, she said.Read More

Budget 2019: There’s money for world class institutes, but not much for education

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Although Nirmala Sitharaman made provisions for a new education policy, a research fund and skill development, there’s not much for the education sector in the Union Budget. In her Budget speech, instead of announcing provisions for the education sector, Finance Minister Nirmala Sitharaman talked about implementing a new education policy, a research fund, skill development and a new and reformed higher education regulatory under the category of “youth”. The focus on the demographic dividend of youth is much needed, but Sitharaman’s Budget speech was strangely silent on school education. SheRead More

Budget 2019: Gloom among Delhi-NCR homebuyers


Once a hotbed for real estate investments, NCR is now among the worst hit by the real estate crisis with a whopping five lakh flats stalled in various stages of completion but paid for by homebuyers, according to multiple estimates. The Union Budget 2019-20 has not brought cheer to homebuyers of Delhi-NCR as they had pinned their hopes on relief for housing projects that are stuck rather than the enhanced deduction on housing loan interest that finance minister Nirmala Sitharaman announced on Friday. Once a hotbed for real estate investments,Read More

Budget 2019: Rs 1.5 lakh income tax deduction on loans taken to buy e-vehicles

Union Budget 2019 Finance minister Nirmala Sitharaman Parliament budget session

Budget 2019 has made provisions for further tax relief for Indian citizens. A tax deduction of Rs 1.5 lakh was announced in the Budget on loans taken to purchase electric vehicles. In one more offer to advance electric vehicle in the Union Budget 2019, Finance Minister Nirmala Sitharaman reported that there will be a personal duty reasoning of Rs 1.5 lakh on credits taken to purchase e-vehicles. Nirmala Sitharaman, who made her lady Budget discourse in the Parliament on Friday, reported an assessment finding of Rs 1.5 lakh on advancesRead More

Petrol, diesel prices shoot up by over Rs 2 after cess hike in Budget


After the Budget announcement of a cess hike on fuel prices, petrol prices shot up by Rs 2.5/litre and diesel prices have shot up by Rs 2.30/litre. HIGHLIGHTS Petrol, diesel prices have shot up by over Rs 2 The Union Budget has hikes cess on fuel prices Petrol will be costlier by Rs 2.50/litre and diesel by Rs 2.30/litre Inside hours of the Union Budget reporting a climb in cess on auto fuel costs, oil costs shot up by Rs 2.50/liter while diesel costs have gone up by Rs 2.30/liter.Read More