Budget 2025: Two Self-occupied Property Conditions Exempt from Income Tax, Says FM
On February 1st, 2025, at 11:00 AM, the Union Budget 2025 was presented to the Parliament by Finance Minister Nirmala Sitharaman. The Finance...
Budget 2019: Additional Deduction of up to Rs.1.5 lakh for Interest Paid on Loans for Purchase of Affordable House
The effective tax rates for the higher income group individuals having taxable income from Rs. 2 crore to Rs. 5 crore and Rs. 5 crore and above is proposed to be increased by around 3 percent and 7...
Budget proposes 2 % TDS on Cash Wthdrawal exceeding Rs. 1 cr in a year from Bank Account to Encourage Digital Payments
The Union Budget today proposed to levy TDS of 2 per cent on cash withdrawal exceeding Rs. 1 crore in a year from a bank account. This is in continuation of a number of initiatives taken in the recent...
Union Budget proposes 25 % Corporate Tax extended to Companies with Annual Turnover up to Rs. 400 crore
The Union Budget 2019-20 has proposed to extend the lower rate of 25 % Corporate Tax to all companies with annual turnover up to Rs. 400 crore. Currently, this rate is only applicable to companies...
