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Glimps of Finance Bill 2019 presented by FM Mr. P Goel

New Finance Minister MR. Piyush Goel has presented Finance Bill 2019 on 01-Feb-2019. In Finance Bill 2019 he has proposed following major amendments related to Direct Tax:    Finance Bill 2019 # 1. The Standard deduction has been increased from Rs.40,000/- to Rs 50,000/-. (Sec-16)...

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Snippet of Union Budget 2018 presented by Mr. FM

Kishan, Common Man, Business and Development friendly Budget 2018 has been present by Finance Minister Mr. Arun Jaitley before Parliament today. Here we are presenting key highlights of the Union Budget 2018. DIRECT TAX No changes in personal income tax rates. Standard deduction of Rs...

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New Era of Direct Tax Legislation begin

New era of Direct Tax Legislation being with Constitution of Task Force for drafting a New Direct Tax Legislation During the Rajaswa Gyan Sangam held on 1st and 2nd September, 2017, the Prime Minister Shri Narendra Modi had observed that the Income-tax Act, 1961 (the...

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