Category: Budget

Key highlights of the Interim Budget 2019–20

The key high­lights of the Inter­im Bud­get 2019–20 pre­sent­ed by Shri Piyush Goy­al in Par­lia­ment today are as fol­lows: Income Tax Per­sons hav­ing Total Income upto Rs. 5 lakh exempt­ed from Income Tax. Basic Exemp­tion lim­it and Tax Slab has been…

Finance Act, 2015

Finance bill, 2015 has received the pres­i­den­tial assent on 14th May 2015 and has now become Finance Act, 2015. All the pro­vi­sions which were due to be effec­tive from the date the Finance Bill receives the assent of the Pres­i­dent…

Brief Features of Black Money Bill

the Undis­closed For­eign Income and Assets (Impo­si­tion of Tax) Bill, 2015 has been intro­duced in the Par­lia­ment on 20.03.2015. The Bill pro­vides for sep­a­rate tax­a­tion of any undis­closed income in rela­tion to for­eign income and assets. Such income will hence­forth not be…