FM holds Second Pre-Budget Consultation with the Representatives of Industry, Services and Trade Groups
Posted Date : 12-Jun-2019 , 08:51:48 am | Posted By CASANSAAR
The Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman, started her Pre-Budget Consultations with different stakeholder Groups in connection with the forthcoming General Budget 2019-20 here today. Her second Meeting was with the stakeholder Groups from Industry, Trade and Ser...
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FM Nirmala Sitharaman to present her first Union Budget on 5 July
Posted Date : 01-Jun-2019 , 07:55:14 am | Posted By CASANSAAR
The new Finance Minister Nirmala Sitharaman will present her first Union Budget (for FY20) on 5 July, the government decided on Friday.
A day before the Union Budget, Sitharaman will table in Parliament the Economic Survey 2018-19 authored by chief economic adviser Krishnamurthy Subramaniam and h...
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Finance Bill 2019 becomes Act - President assented interim Budget 2019
Posted Date : 23-Feb-2019 , 10:58:30 am | Posted By CASANSAAR
The interim budget 2019 finance bill has been assented to by the President on February 21 thereby making it an Act. This means that the proposals in the Finance bill 2019 including the tax changes now become law. The interim budget had proposed to increase standard deduction for salaried employees t...
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Parliament passes Interim Budget 2019-20
Posted Date : 13-Feb-2019 , 11:16:10 am | Posted By CASANSAAR
Parliament approved Modi Government's sixth and final Budget that gave Income Tax rebate to those earning up to Rs 5 lakh, an annual cash dole of Rs 6,000 to small farmers and pension for unorganised sector workers.
While the Lok Sabha has passed the Appropriation Bills that gave Govern...
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Income upto Rs 5 Lakh to get full tax rebate; higher standard deduction proposed
Posted Date : 01-Feb-2019 , 01:54:48 pm | Posted By CASANSAAR
Individual taxpayers having taxable annual income up to Rs.5 lakhs will get full tax rebate and therefore will not be required to pay any income tax. While presenting the Interim Budget 2019-20 in Parliament today the Union Minister for Finance, Corporate Affairs, Railways &...
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Tax collections increased from Rs 6.38 Lakh Cr in year 2013-14 to almost Rs 12 Lakh Cr
Posted Date : 01-Feb-2019 , 01:39:27 pm | Posted By CASANSAAR
The Government has reduced tax rates, more for the common man and middle class, and made the interface with the tax department much simpler and largely faceless. Due to this, the tax collections increased significantly from Rs 6.38 lakh crore in 2013-14 to almost Rs 12 lakh crore this year...
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Budget 2019 - Defence budget hiked to Rs. 3,05,296 crore
Posted Date : 01-Feb-2019 , 01:30:12 pm | Posted By CASANSAAR
Rs. 3,05,296 crore have been provided in the Budget Estimates for 2019-20, compared to Rs. 2,82,733 crore provided in 2018-19 Budget Estimates. The figures were revised to Rs. 2,85,423 crore in the Revised Estimates of 2018-19. While presenting the Interim Budget 2019-20 in Parliament toda...
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One Lakh villages to go digital over next five years
Posted Date : 01-Feb-2019 , 01:28:27 pm | Posted By CASANSAAR
India having emerged as the world leader in the consumption of mobile data, the Government now aims to widen its impact by reaching out to the interior and rural areas. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways & ...
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Govt allocates Rs.64,587 Crore for Railways in 2019-20
Posted Date : 01-Feb-2019 , 01:26:55 pm | Posted By CASANSAAR
In the Interim Budget 2019-20, the Railways has been allocated Rs.64,587 crore. The Railways’ overall capital expenditure programme is of Rs.1,58,658 crore. This was stated by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal, while...
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Anti-black money measures brought undisclosed income of about Rs 1.3 Lakh Crore to tax
Posted Date : 01-Feb-2019 , 01:25:45 pm | Posted By CASANSAAR
The anti-black money measures taken by the Government during the last four and half years in the form of Black Money Law, the Fugitive Criminal Offenders Act, and Demonetisation, have brought undisclosed income of about Rs 1,30,000 crore to tax. These measures have also led to seizure and attachment...
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Union Budget 2019 - Live Updates
Posted Date : 01-Feb-2019 , 07:12:38 am | Posted By CASANSAAR
FM Piyus Goyal to present Interim Budget 2019 today. CASANSAAR are providing you live updates of Interim Budget 2019. JUST REFRESH THE PAGE (CLICK F5) FOR ALL LIVE UPDATES.
Individual taxpayers having annual income upto 5 lakhs will get full tax rebate
Capital gains exempti...
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FM Piyush Goyal to present Union Budget in Parliament
Posted Date : 31-Jan-2019 , 10:05:26 pm | Posted By CASANSAAR
Finance Minister Piyush Goyal will present the Budget in Parliament tomorrow. AIR correspondent reports that the government is likely to announce several welfare measures for various sections of society.
Industries bodies expect that the credit flow to industries will increase and corporate...
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Budget session of Parliament begins today
Posted Date : 31-Jan-2019 , 08:48:43 am | Posted By CASANSAAR
The budget session of Parliament begins today. The session will commence with President Ram Nath Kovind's address to the joint sitting of both the Houses in Central Hall at 11 AM. The Budget will be presented tomorrow. The session will conclude on the 13th of next month.
The government has co...
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Budget Session from Jan 31 To Feb 13 - Interim Budget on February 1
Posted Date : 09-Jan-2019 , 06:14:59 pm | Posted By CASANSAAR
The budget session of Parliament is likely to be held from January 31 to February 13, 2019 and an interim budget is expected to be presented by finance minister Arun Jaitley on February 1, news agency PTI reported quoting government sources.
The Cabinet Committee on Political Affairs (CCPA) delib...
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Second part of the budget session of Parliament begins today after recess
Posted Date : 05-Mar-2018 , 10:12:53 am | Posted By CASANSAAR
The second part of the budget session of Parliament will begin today after nearly a month-long recess. The first part of the session began on the 29th of January and concluded on 9th of February after the presentation of Union Budget and adoption of the motion of thanks to President's address to...
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Clarification on ‘Expenditure on Tax administration’ in Union Budget 2018-19
Posted Date : 03-Feb-2018 , 08:58:40 am | Posted By CASANSAAR
​In one of the Budget documents of the Union Budget 2018-19​,​
“Budget at a glance” under the title ‘Expenditure on Government of India’, an expenditure of Rs.77,747 crore and Rs.10,5541 crore has been shown against the item “Tax administra...
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Rationalisation of long term capital gains proposed
Posted Date : 02-Feb-2018 , 08:48:31 am | Posted By CASANSAAR
The Union Finance and Corporate Affairs Minister Shri Arun Jaitley today proposed to tax long term capital gains exceeding Rs.1 lakh at the rate of 10% without allowing the benefit of any indexation. Presenting the General Budget 2018-19 in Parliament here today, Shri Jaitley said that all gai...
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Payments exceeding Rs. 10,000/- in cash made by such entities shall be disallowed
Posted Date : 02-Feb-2018 , 08:46:43 am | Posted By CASANSAAR
In order to control the cash economy and increase TDS compliance, the Union Finance and Corporate Affairs Minister Shri Arun Jaitley proposed to impose restriction on entities incurring expenditure in cash without paying tax.
Presenting the General Budget 2018-19 in Parliament here today, t...
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No change in the income tax or corporate rates; Relief to salaried taxpayers, pensioners & senior citizens
Posted Date : 01-Feb-2018 , 08:09:07 pm | Posted By CASANSAAR
Mr Jaitley did not propose any change in the Income-tax rates or corporate tax.
However, he announced relief to salaried employees, pensioners, senior citizens, micro, small and medium industries.
He proposed a standard deduction of 40,000 rupees for salaried employees in place of transport al...
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Relief to Senior Citizens - Exemption of Interest Income on deposits increased to Rs 50,000
Posted Date : 01-Feb-2018 , 02:13:19 pm | Posted By CASANSAAR
With the objective of providing a dignified life to senior citizens, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley, announced significant incentives for senior citizens.
Presenting the General Budget 2018-19 in Parliament here today, the Finance Minister said that the ex...
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Govt undertakes various Programmes to benefit Farmers, Poor and other vulnerable sections
Posted Date : 01-Feb-2018 , 02:41:49 am | Posted By CASANSAAR
The Union Finance Minister asserted that Shri Narendra Modi, Government had worked sincerely and without weighing political costs. Presenting the General Budget 2018-19 in Parliament here today, the Minister for Finance and Corporate Affairs Shri Arun Jaitely said that the Government had taken up pr...
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E-assessment to be rolled-out across the country to transform age-old assessment procedure
Posted Date : 01-Feb-2018 , 02:08:23 pm | Posted By CASANSAAR
In the General Budget 2018-19 presented in Parliament today, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley proposed to amend the Income-tax Act to notify a new scheme for assessment. Shri Jaitley said the assessment will be done in electronic mode which will almost eliminat...
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Education will be treated holistically from pre-nursery to class XII - FM
Posted Date : 01-Feb-2018 , 02:06:33 pm | Posted By CASANSAAR
Expressing concern over the quality of education, Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has said that education will be treated in a holistic manner from pre-nursery to Class XII. Presenting the General Budget 2018-19 in Parliament here today, the Finance Mi...
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Railway’s Capex for the year 2018-19 Pegged at Rs.1,48,528 Crore
Posted Date : 01-Feb-2018 , 02:04:45 pm | Posted By CASANSAAR
In keeping with the Government’s focus on strengthening the Railways network in the country the General Budget 2018-19 has enhanced the allocation for the Ministry. Presenting the Budget in the Parliament here today, the Union Minister for Finance & Corporate Affairs, Shri ...
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Launch of Gobar-Dhan Scheme announced to improve lives of villagers
Posted Date : 01-Feb-2018 , 02:02:59 pm | Posted By CASANSAAR
In an effort to make the villages open defecation free and improving the lives of villagers, the Finance Minister in his budget speech today announced the launch of Galvanizing Organic Bio-Agro Resources Dhan (GOBAR-DHAN) . The Minister added that this will manage and convert cattle dung...
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Fiscal deficit to be 3.3% of the GDP for the coming fiscal year
Posted Date : 01-Feb-2018 , 02:01:38 pm | Posted By CASANSAAR
Total expenditure during 2018-19 is estimated to be over Rs. 24.42 lakh crore.
Fiscal Deficit at 3.3% is expected to be Rs. 6,24,276 crore, to be financed through borrowings.
The Union Finance Minister Shri Arun Jaitley while presenting the General Budget for 2018-19 in Par...
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MSMEs to gain by Tax Incentives provided in General Budget 2018-19
Posted Date : 01-Feb-2018 , 02:00:34 pm | Posted By CASANSAAR
The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has proposed a reduced rate of 25% to companies that have reported turnover up to Rs 250 crores in financial year 2016-17. This will benefit the entire class of Micro, Small and Medium Enterprises which accounts for almost 99% o...
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Tax Incentive for Promoting Post-Harvest Activities of Agriculture
Posted Date : 01-Feb-2018 , 01:59:15 pm | Posted By CASANSAAR
In order to encourage professionalism in post-harvest value addition in agriculture, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley proposed to allow hundred per cent deduction to companies registered as Farmer Producer Companies and having annual turnover up to Rs.100 crore...
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Benefits Under Section 80-Jjaa of The Income-Tax Act Extended To Footwear And Leather Industry
Posted Date : 01-Feb-2018 , 01:58:05 pm | Posted By CASANSAAR
The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has proposed to extend the benefits under Section 80-JJAA of the Income-tax Act to footwear and leather industry. While presenting the General Budget 2018-19 in Parliament here today, the Union Finance Minister said, “Curr...
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Union Budget 2018 Highlights
Posted Date : 01-Feb-2018 , 01:02:21 pm | Posted By CASANSAAR
Union Budget Highlights
2018-19
Personal Income Tax rates unchanged; Rs. 40k standard deduction in lieu of present exemption: FM
Senior citizens can claim benefit of reduction Rs. 50,000/ year w.r.t any general health expenditure and health insurance premium: FM
Rs 40,000 standard de...
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