BUDGET UPDATE

Benefit for real estate - Exemption from notional rent extended to two years on unsold flats

Section 80IB benefit to be extended for affordable housing scheme

Benefit of roll-over capital gains extended to two houses; can be availed just once in life time

TDS threshold on rental income also hiked to Rs 2.4 lakh

TDS threshold on bank interests hiked to Rs 40,000

No income tax on notional rental income from second house property

Benefit of roll-over capital gains extended to two houses

Standard Deduction hiked to Rs 50K

No need to pay income tax upto Rs 6.5 lakh if investments of Rs 1.5 lakh made in specified instruments

Rs 18500 Crore tax sops announced for 3 crore taxpayers

Disinvestment target remains same for next fiscal

Stamp Duty on securities rationalised; Revenue to be shared with all States

FM announces tax rebate for individual taxpayers upto Rs 5 lakh

Expenditure Budget hiked to Rs 27 lakh crore for 2019-20

Budget Allocations for education, child health & welfare of SC/ST hiked substantially

Income tax refund to be simultaneous with assessment of returns in two years

GST - Composition schemes for goods & services to benefit over 30 lakh assessees

GST garners Rs 1.3 lakh crore in January month, says FM

Anti-black money measures unearthed income worth Rs 1.3 lakh crore in past years

NDA Govt vision for next 10 years - India to be USD 10 trillion economy by 2032

Fiscal 2019-20 - Fiscal deficit projected to be 3.4%

One rank one pension scheme - Rs 35000 Cr disbursed in last few years

India is now second largest hub of startups: FM

Rs 3 lakh crore defence budget announced for current fiscal

India achieves top rank of fastest highway developer in world

Railway to have over Rs 64000 Cr capital outlay for 2019-20

Income tax - Scrutiny to be 100% automated in two years

Govt sets up Welfare Board for nomadic & semi-nomadic communities

Interest subvention scheme extended to farmers of Animal Husbandry

FM announces Pension Yojana for workers of unorganised sector from current fiscal; Rs 500 Cr allocated

Rs 75000 Cr allocated for PM Kishan Yojana

Current A/c deficit likely to be only 2.5%

Budget Speech begins; India is brightest spot in global economy

India received FDI worth USD 239 bn in last five years

FM announces Rs 6000 per month income support scheme to small and marginal farmers

Farmer Income Scheme to benefit Rs 12 crore beneficiaries; to be effective from Dec, 2018

FM announces setting up National Kamdhendu Commission to upgrade welfare of cows