NCCD on Cigarettes & tobacco products proposed + Health Cess of 5% proposed on imports of certain medical equipment
Import duty hiked on inputs used by footwear and furniture MSMEs
Govt invites suggestions to guillotine Customs exemptions by September
Provisions to be amended to strengthen safeguard duty regime
Customs Act being amended to neutralise misuse of FTA provisions
PAN to be instantly issued if Aadhaar data is available
FM announces dispute resolution scheme like SVS for income tax cases; No interest + no penalty if tax paid prior to March 31; Scheme to end in June 2020
I-T Act to be amended to faciliate e-appeal
Income tax exemption for charitable bodies - Registration to be made online
Tax holiday announced for developers engaged in affordable housing for one more year
Tax audit - Turnover threshold raised to Rs 5 Crore
New tax regime of 22% announced for Cooperative Societies
Start-up turnover threshold raised to Rs 100 Crore
ESOPs - Five-year relief granted from taxation
TDS rates reduced for FPIs + municipal bonds + interest on listed bonds
Tax exemption granted to foreign sovereign fund investment in infra sector with 3 yrs lock-in period
Concessional corporate tax rate extended to power generation companies also
FM abolishes DDT + dividend to be taxed in hands of recipients
FM announces new slab rates for income tax; 30% rate to apply above Rs 15 lakh income
FM pegs fiscal deficit to 3.8% in 2019-20 and 3.5% for next fiscal
Govt hikes expenditure in next fiscal to over 30 lakh crore
FM projects 10% nominal growth for next fiscal
Govt accepts FinCom Interim recommendations
Govt to disinvest partly in LIC
Govt securities to be made available to non-resident investors + new debt-ETF to be floated
Govt to provide hand-holding support to auto & pharma sectors
Banks to provide subordinate debt facility to MSMEs
Govt to provide insurance for sum of Rs 5 lakh for every depositor in commercial banks
India to host G-20 Summit in 2022; Rs 100 Cr allocated
Govt to set up National Recruitment Agency for online common tests
Companies Act - Criminal liabilities to be substituted by civil liabilities
Taxpayer charter to be a part of tax laws: FM
Govt to provide Rs 4400 Cr to States for providing cleaner air in cities of over 1 million population
Tourism gets Rs 2500 Cr budget for current fiscal
Budget provides Rs 9500 Cr for Senior Citizens related schemes
FM allocates Rs 8000 Cr for National Quantum Computing Mission
Budget provides Rs 6000 Cr to Bharat Net Scheme
Govt to announce scheme for setting up Data Centre Parks across India
Govt to introduce pre-paid electric meters in three years
Govt allocates Rs 1.7 lakh crore for developing transport sector in current fiscal
Govt to encourage every district to set up an export hub
Govt to unfold scheme to promote mobile, electronics, semi-conductor and medical devices manufacturing
Govt to set up investment clearance cell to entrepreneurs
Govt proposes to set up National Police Univ + Forensic University
States to be allowed to access ECB and FDI for Education
Budget earmarks Rs 12300 Crore for Swachch Bharat Mission
FM allocates Rs 69000 Cr for health sector
FM allocates Rs 2.83 lakh crore for agriculture in current fiscal
Budget sets Rs 15 lakh crore as agri credit target for current fiscal
Govt to enable 22 lakh farmers to set up solar-based pumps
FM announces 16 Action Points to give boost to Agriculture Sector
Govt to focus on three pillars - aspirational India + economic well being + caring society
FM claims Central Govt debt down to 48.7% from over 52%
Budget 2020 - FM claims fundamentals of economy are strong + Inspector Raj guillotined + Consumers save 4% more on account of lower GST rates
FM says 16 lakh more taxpayers joined GST tax base
Budget 2020 - FM claims fundamentals of economy are strong |